Melkior Provides Update on Financing

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.”

ON BEHALF OF THE BOARD

Jonathon Deluce, CEO

For more information, please contact:

Melkior Resources Inc.

E-mail: info@melkior.com

Tel: 226-271-5170