OTTAWA, ONTARIO--(Marketwired - Oct. 4, 2013) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR) is pleased to announce it has signed a memorandum of understanding ("MOU") with the Mattagami First Nation of Gogama, Ontario, on the Carscallen-Big Marsh- Bristol Projects in the Timmins area.
Under the terms of the MOU, Melkior will issue 200,000 shares and will pay 2% of all assessment eligible exploration costs to the Mattagami First Nation.
Melkior is a junior exploration company with active exploration projects in West Timmins and holds several other exploration properties of which the most important is the 100% owned Launay gold property in West Quebec. Melkior also holds two important claim groups in the Beardmore Long-Lac gold camps.
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.