MKR:CC - Melkior Announces Follow-Up Drilling on the Bonanza Gold Intersection at 1010 Zone with 77.40 g/t gold over 6.90 meters at the Carscallen Gold Property

(TheNewswire)

October 6, 2025  - TheNewswire - Timmins, Ontario – Melkior Resources Inc. (“Melkior” orthe “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce anupcoming follow-up exploration drill program at the Carscallen GoldProperty in Timmins. The 6-hole drill program has been designed with atotal of approximately 1,725 meters to focus on expanding the strikeand down-dip continuities of the NNW-SSE trend, 1010 Zone structuralcorridor, which includes testing new gold opportunities at theNorthwest Prospect, all located about 25 kilometres west of the Cityof Timmins.

Exploration ProgramHighlights

• Follow-up drilling on the discovery of a significantbonanza gold intercept extending the 1010 zone at depth, from holeMKR-24-002, which intersected 77.4 g/t gold over 6.90 meters,including 445 g/t gold over 1.20 meters at the 1010 South (Table 1,Figures 2-5).

• Maiden exploration drilling at the Northwest Prospect,an unexplored area 500m north of 1010 gold showings, which has thesame geophysical magnetics and IP chargeability / resistivitysignatures as gold mineralised zones at Carscallen Property.

• Drill holes are also being designed to follow up andexpand the Zam Zam and Shenkman Zones, which together represent acombined strike length of over 800 metres. These zones have returnedseveral notable historical intercepts, including:

  • CAR-19-03A: 23.5 g/t Au over 8 meters

  • CAR-20-05 : 25.7g/t Au over 6 meters

  • CAR-71-2011 : 5.1 g/t Au over 13.25 meters

• The drill permit application for the proposed drillingwas filed with the Ontario Government and is waiting for approval.

Company Director, Keith James Deluce stated:“Following the excellent results from the recently completed drillcampaign at Carscallen Property, the company is excited to announcefollow-up targets at 1010 Zone. The 1010 structural-mineralisedcorridor, which includes the Northwest Prospect area, has thepotential to extend over 1,500 m in length, like theZamzam-Jowsey-Shenkman Zone. This is an exciting exploration targetnot only to test high-grade ore shoots at depth but also to probe apotential new zone that is largely untested by drilling”.

The 1010 Gold Zone

The 1010 gold zone consists of multiple zones of anastomosing,shear-hosted, quartz-sulphide veins, which are locally enveloped bysilica-albite-sericite altered stockwork breccia mineralisation on thesurface. The gold zones are often steep dipping (> 75 degrees) andexhibit pinch and swell attitude, reaching over 500m in length in anortherly direction. The gold mineralisation with excellent goldgrades has coincident strong alteration, structure-controlled magneticzones that overlap with IP chargeability and resistivity. Thesetypical geophysical responses are common in most of the gold showingsat the Carscallen Property.

In a north-south longitudinal section, the mineralisation at 1010 GoldZone appears to be folded, where the 1010N is plunging to the northwhile the 1010S has a low southerly plunge. Resent surface explorationwork is focused on testing new gold opportunities along strike andexpanding the well-developed gold-bearing mineralization outside themain Zamzam-Jowsey-Shenkman Zones, with additional high-grade oreshoots along series of repeating gold mineralized shears like the 1010Zone.

NorthwestZone

The Northwest Zone is an unexplored area about 500meters north of 1010 gold showings, characterized by overlappingclusters of gold-in-soil anomaly, mod-high magnetics, and coincidentmoderate IP chargeability and resistivity.

Two (2) shallow drillholes MKR-25 (05 – 06) at about250m deep was planned to test the gold mineralization potential in thearea.

Figure 1: Overview of the Carscallen Gold Property nearTimmins-Ontario.

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Figure 2: Carscallen Drill HoleMap overlaid on Lidar Topography Image, highlighting known mineralizedzones from past drilling. The yellow box represents the priority areafor exploration drilling.

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Figure 3: 3D Section showing the proposed drillholetrace in relation to gold veins and 3D-modelled gold grade isograd(1.0 to 3,0 gpt Au) at the Carscallen Property.

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Figure 4: Drill Cross Section highlighting the proposeddrillhole in relation to recent drill intercepts from hole MKR-24-002relative to historical drilling at the 1010 Gold Zone.

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Figure 5: Proposed Drill holes on IP Chargeability Map,which shows mineralised zones and gold assay distribution fromhistoric drilling.

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Table 1:  Proposed Drill Collar Summary at NorthwestProspect and 1010 South Gold Zone.

Qualified Person

All technical information in this press release hasbeen reviewed and approved by Martin Ethier, P.Geo. Mr. Ethier is aconsultant for Melkior and a Qualified Person for the purposes ofNational Instrument 43-101.

About Melkior Resources

Melkior Resources Inc. is an exploration-stage resourcecompany operating in world-class mining jurisdictions across Quebecand Ontario. The company is dedicated to advancing a portfolio ofhigh-potential mineral properties with a primary focus on goldexploration.

Melkior's flagship projects include the CarscallenProject, the Beschefer East Project, the Genex Project and theVal-d'Or Project. These projects are strategically located in theAbitibi Greenstone Belt, known for hosting significant gold and basemetal deposits.

ONBEHALF OF THE BOARD

Keith James Deluce, Director

For more information, pleasecontact:

Melkior Resources Inc.

E-mail: info@melkior.com

Tel: 226-271-5170

The reader is invited to visit Melkior's web site www.melkior.com.

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