Melkior Resources Inc. is pleased to announce that its $1 Million financing with Kirkland Lake Gold of 1,250,000 units at $0.80 per unit, previously announced on May 20, 2020 is proceeding.

The company expects it to close within the next 30 days.

Jonathon Deluce, CEO of Melkior, comments: 'We continue to have positive discussions with Kirkland Lake as we work to finalize the potential Option and JV agreement. We appreciate the patience of all our shareholders and will provide a further update as soon as possible. We look forward to getting back to work on our Carscallen project.'

Contact:

Tel: 226-271-5170

Email: info@melkior.com

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