Melior Resources Inc. announced that its Board of Directors has decided to terminate the arrangement agreement between Melior and Metallica Minerals Limited (Metallica) dated September 12, 2018 as amended on October 25, 2018 governing the proposed merger between the parties by way of a court approved plan of arrangement. Melior has delivered a termination notice to Metallica terminating the Arrangement Agreement. Melior's right to terminate the Arrangement Agreement arises out of Metallica's failure to perform certain covenants and obligations as required thereunder resulting in certain conditions being incapable of being satisfied by the completion deadline of December 31, 2018. Melior will continue to focus on the ramp up of production at its Goondicum project. In addition, Melior will now undertake to complete its continuance from British Columbia to Australia, as previously approved by Melior shareholders at a special meeting held on August 29, 2018. Upon completion of the continuance, the Company intends to make an application to the Australian Securities Exchange ('ASX') for official quotation of its shares on the ASX. At this time, the Company does not satisfy all of the criteria for eligibility to apply to the ASX for official quotation of its shares and there can be no guarantee that ASX will grant official quotation of its shares. Melior will retain its listing on the TSX Venture Exchange. Melior will also continue to seek to pursue other corporate opportunities as they arise.