Melkior Resources Inc.

Melkior Resources Inc.

January 29, 2010 10:52 ET

Melkior Resumed Drilling on Carscallen Gold in Timmins West

OTTAWA, ONTARIO--(Marketwire - Jan. 29, 2010) - Melkior Resources Inc. (TSX VENTURE:MKR) ("Melkior" or the "Company") resumed drilling on its 100% owned Carscallen Gold property in West Timmins on January 18th, 2010. This is the recommencing of a 10,000 metre program planned for completion during the spring of 2010. Three diamond drill holes are now completed, totaling 783 metres. The first two holes tested the 1010 zone at a vertical depth of 200 metres. The third hole was an exploration hole based on mobile metal ion (MMI) anomaly with a coincident Induced Polarization (IP) anomaly. 103 assays have been submitted to ALS Chemex in Timmins, Ontario.

The drill has moved to the 650 metres long Zam-Zam Shenkman zones and a series of holes are planned to test the zones at a vertical depth of approximately 400 metres.

IP surveys are underway to extend the Zam-Zam zone northward. IP completed in December 2009 has shown the zone to continue south from the Shenkman portion.

Melkior holds a significant land position in West Timmins. Presently the Carscallen Gold property is the most significant and Melkior's current focus.

Melkior's 100% owned holdings in West Timmins are as follows:

1. Carscallen Gold 101 claims, 1616 hectares, contiguous to Lake Gold Corp and 5 kilometres west of the West Timmins mine.

2. Big Marsh 91 claims, 1456 hectares, located in Carscallen township and 2 kilometres north of Melkior's Carscallen Gold project.

3. Bristol 12 claims, 192 hectares, located in the northwest corner of Bristol township and contiguous to Lake Shore Gold Corp.

4. Fripp 16 claims, 256 hectares, located in Fripp township and 16 kilometres southeast of the West Timmins mine.

Melkior holdings in West Timmins total 220 claims and cover a surface area of 3520 hectares.

In addition to Melkior's West Timmins holdings, the company holds 100% interest in claims in Loveland, Shaw and Eldorado townships for a total of 379 claims and 6064 hectares.

This Press Release was prepared by Jens E. Hansen, P.Eng, President of Melkior a Qualified Person under National Instrument 43-101.

Investors are invited to visit the Melkior IR Hub at where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

About Melkior:

Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds "Ring of Fire" areas of Ontario. Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Melkior's periodic reports including the annual report or in the filings made by Melkior from time to time with securities regulatory authorities.

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