Melkior Announces Proposed Non-Brokered Private Placement

(TheNewswire)

Highlights:

• Proposed non-brokered private placement to raise up to$650,000 to fund exploration including an up to 4,000-metre drillprogram at the Beschefer East Project. 

Timmins, Ontario – TheNewswire - February 24, 2026 —Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR)(OTC:MKRIF) is pleased to announce that it intends to complete anon-brokered private placement to raise gross proceeds of up to$650,000 through the issuance of up to 5,416,666 flow-through commonshares (the “FT Shares”) comprised within units (each a “FTUnit”) at a price of $0.12 per FT Unit (the “FT Offering”).

With respect to the FT Offering, each FT Unit willconsist of one FT Share and one-half of one common share purchasewarrant (each whole warrant, a “Warrant”). Each Warrant willentitle the holder thereof to acquire one additional common share (a“Warrant Share”) at a price of $0.20 per Warrant Share for aperiod of two (2) years from the date of issuance. With respect to theFT Offering, the FT Shares qualify as “flow-through shares” withinthe meaning of subsection 66(15) of the Income Tax Act (Canada) (the“Tax Act”), and as defined in section 359.1 of the Quebec Tax Actwith respect to proposed purchasers in Quebec.

The gross proceed from the sale of the FT Shares(comprised within the FT Units) will be used to incur “Canadianexploration expenses” that are “flow-through miningexpenditures” (as such terms are defined in the Tax Act) related tothe Company’s mineral properties.

The Company may pay a finder’s fee in connection withthe FT Offering to eligible arm’s length finders in accordance withthe policies of the TSX Venture Exchange (the “Exchange”). Allsecurities issued under the FT Offering are subject to the Company’sfiling requirements with the Exchange, and all securities will besubject to a four-month statutory hold period following closing.

Certain directors and officers of the Company mayparticipate in the private placement, which participation constitutesa related-party transaction, as defined in Multilateral Instrument61-101 - Protection ofMinority Security Holders in Special Transactions. The issuance of any FT Units to directors and officers isexempt from the valuation requirements of Section 5.4 of MI 61-101pursuant to Subsection 5.5(a) of MI 61-101 and exempt from theminority shareholder approval requirements of Section 5.6 of MI61-101, pursuant to Subsection 5.7(1)(a) of MI 61-101.

The securities issued pursuant to the FT Offering havenot, nor will they be registered under the United States SecuritiesAct of 1933, as amended, and may not be offered or sold within theUnited States or to, or for the account or benefit of, U.S. persons inthe absence of U.S. registration or an applicable exemption from theU.S. registration requirements. This news release shall not constitutean offer to sell or the solicitation of an offer to buy nor shallthere be any sale of the securities in the United States or in anyother jurisdiction in which such offer, solicitation or sale would beunlawful.

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 sitewww.melkior.com.

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.

Forward-looking statement:

This news release contains certainstatements, which may constitute “forward-looking information”within the meaning of applicable securities laws. Forward-lookinginformation involves statements that are not based on historicalinformation but rather relate to future operations, strategies,financing plans, financial results or other technical developments orreports on the Company’s properties or otherwise. Forward-lookinginformation is necessarily based upon estimates and assumptions, whichare inherently subject to significant business, economic andcompetitive uncertainties and contingencies, many of which are beyondthe Company’s control and many of which, regarding future businessdecisions, are subject to change. These uncertainties andcontingencies can affect actual results and could cause actual resultsto differ materially from those expressed in any forward-lookingstatements made by or on the Company’s behalf. Although the Companyhas attempted to identify important factors that could cause actualactions, events or results to differ materially from those describedin forward-looking information, there may be other factors that causeactions, events or results to differ from those anticipated, estimatedor intended. All factors should be considered carefully, and readersshould not place undue reliance on the Company’s forward-lookinginformation. Generally, forward-looking information can be identifiedby the use of forward-looking terminology such as “expects,”“estimates,” “anticipates,” or variations of such words andphrases (including negative and grammatical variations) or statementsthat certain actions, events or results “may,” “could,” or“might” occur. Mineral exploration and development are highlyspeculative and are characterized by a number of significant inherentrisks, which may result in the inability of the Company tosuccessfully develop current or proposed projects for commercial,technical, political, regulatory or financial reasons, or ifsuccessfully developed, may not remain economically viable for theirmine life owing to any of the foregoing reasons, among others. Thereis no assurance that the Company will be successful in achievingcommercial mineral production and the likelihood of success must beconsidered in light of the stage of operations.

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