MKR:CC - Melkior Announces Promising Grassroots Gold-Base Metal Discovery at Beschefer East

(TheNewswire)

Timmins, Ontario – June 17, 2025 – TheNewswire - Melkior Resources Inc.(“Melkior” or the “Company”) (TSXV: MKR) (OTC: MKRIF) ispleased to announce the results from its six (6) holes for a total of1,050 metres Winter Drilling Program at the Beschefer East Project inthe Northern Abitibi greenstone belt located approximately 90 km westof Matagami and 100 km north of La Sarre, Québec. On June 14th, 2023, the Company entered into an optionagreement on the Beschefer East Project to earn 100% over 3 years fromSOQUEM Inc (see news release dated June 14,2023 ).

Highlights :

• MKR-BE-2024-001 intersected 5.1 g/t gold, 0.96% copper and 0.68% zincover 0.9 meters and 7.6 g/t gold over 1.3 meters in a newdiscovery,

• The drilling successfully confirmed an 800-meter copper-gold mineralized longhorizon , initially identified by InducedPolarization (IP) anomalies and supported by copper enrichment inblack spruce bark sampling,

• These initial results will require more targeteddrilling to evaluate the expansion potential of this new target and todetermine if a broader mineralized source exists.

Company Director, Jim Deluce commented: "We are thrilled with these initialdrill results from Beschefer East, whic h uncover significantexploration potential in a previously unexplored area. These resultsvalidate Melkior’s targeted exploration strategy and mark animportant step in unlocking new growth opportunities for thecompany. ”

2025 Winter Drill Program

A six (6) hole winter drill program aggregating to a total of 1,050metres was completed at Beschefer East Project. The drill targetslocated on the east to central portion of the property was previouslyuntested by drilling. Each of the six (6) drill holes have a nominaldepth of 175 metres.

The drill program targeted a coherent bio-geochemical gold-base metalanomalism that strongly overlaps with ground Induced Polarization (IP)conductors over a broad zone of low -moderate partially disruptedmagnetic zones. Drilling has largely intersected altered felsicintrusions, felsic volcanics and minor tuffs from holes BE-24 01 to 04and hit mafic volcanics on holes BE-24 05 to 06 to the west. Themineralized intersections appear to be localized at or near thecontact of mafic and felsic volcanics along a northeast trendingstructural corridor (i.e., Beschefer Trend).

The 100 metre by 100 metre spaced bio-geochemical, spruce tree bark(MMI) sampling program which collected 1,780 samples has identifiedfive (5) distinct gold-polymetallic anomaly targets with elevatedcopper, lead and zinc metal concentrations. The recent drillingrepresents one of the five anomaly areas within the property. Theseanomalous areas will be reviewed for follow-up work as they are alsocoincident with geophysical ground IP - EM conductors.

About the Beschefer EastProject

Melkior has entered into an option agreement with SOQUEM Inc in June2023 on the Beschefer East Project to earn 100% ownership over 3 yearsfrom highly prospective yet underexplored region at Selbaie MiningCamp. The Project area comprises of 55 mining claims covering 2,906hectares and contains significant gold and polymetallic potential andgeological similarities to Abitibi Metals’ B26 deposit which hosts11.3 Mt at 2.13% CuEq and 7.2 Mt at at 2.21% CuEq in the Indicated andInferred categories, respectively.

The Project shares a border with Abitibi Metals’ Beschefer Project,where historical drilling has identified 55.63 g/t gold over 5.57metres, including 224 g/t over 1.23 metres within the B14 Gold Zone.Historically, the Project was explored by SOQUEM between 1992 and2012, building a tight grid of geophysical anomalies, followed bydrill testing. Over 300 kilometres of surveyed lines, and 11,200metres (42 holes) of drilling were completed to date.

Some of the best gold results were obtained from the powerline to thenorth included Hole 1172-99-30 which yielded multiple mineralizedzones from 2 to 5 g/t gold over lengths of 0.5 to 6 metres within alarge interval of 70 metres; hole 1172-13-40 intercepted 2.1 g/t goldover 5.4 metres, including 7.9 g/t gold over 0.9 metres. Goldmineralization is hosted in a quartz-carbonate centimetric veinsnetwork cross-cutting felsic to the intermediate volcanic rockaffected by variable pervasive alteration associated with minoramounts of pyrite. The southern section has gold- base metalmineralization hosted in deformed and carbonate-altered andesite withsome anomalous copper zones including 0.26 % Cu over 4.8 metres and0.24% Cu over 4 metres from holes 1172-98-24 and 1172-99-30,respectively.

Figure 1: Overview of the Beschefer East Property

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Figure 2: Beschefer East on Geology and Bio-geochemical(MMI) Anomaly Map showing locations of known mineralization and goldassay distribution from historical datasets.

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Figure 3: Cross section highlighting the recent drilling assay intercepts fromholes BE-2024-01, BE-2024-02 and BE-2024-05 over coincident gold (red)and copper (blue) bio-geochemical gold-polymetallic anomalies.

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Table 1: Highlight drill hole assay intercepts (uncut)

Note 1: The true width of the intervals has not yetbeen established by drilling.

Table 2: Drill HoleInformation

Sample AQ/QC

All drill cores in this drilling campaign are NQ insize. Assays were completed on sawn half-cores, with the second halfkept for future reference. The samples were analyzed using standardfire assay procedures with Atomic Absorption (AA) finish at Techni-LabAbitibi Inc (Actlabs), Ste Germaine, Quebec. Samples yielding a gradehigher than 10 g/t Au were analyzed a second time by fire assay withgravimetric finish at the same laboratory. Mineralized zonescontaining visible gold were analyzed with metallic sieve procedure.Standard reference materials, blank samples and duplicates wereinserted prior to shipment for quality assurance and quality control(QA/QC) program.

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 – Standards of Disclosure for MineralProjects.

About Melkior Resources

Melkior Resources is an exploration stage resourcecompany in world-class mining jurisdictions across Quebec and Ontario.The company is dedicated to advancing a portfolio of high-potentialmineral properties with a primary focus on gold and base metalexploration.

Melkior’s is flagship projects include CarscallenProject, Beschefer East Projects, Genex Project, Val D’Or, WhiteLake, and Maseres Projects. These projects are strategically locatedin the Abitibi Greenstone Belt, known for hosting significant gold andbase metal deposits.

About SOQUEM

SOQUEM, a subsidiary of Investissement Québec, isdedicated to promoting the exploration, discovery and development ofmining properties in Quebec. SOQUEM also contributes to maintainingstrong local economies. Proudpartner and ambassador for thedevelopment of Quebec’s mineral wealth, SOQUEM relies on innovation,research andstrategic minerals to be well-positioned for thefuture.

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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