Melkior Resources Inc. (TSX VENTURE: MKR) ("Melkior") is pleased to announce a private placement with Sprott Asset Management Inc., acting as agent, of 5,000,000 units (the "Units") at a price of $0.20 per Unit for gross proceeds of $1,000,000. Each Unit will be comprised of one common share and one common share purchase warrant. Each common share purchase warrant will entitle the holder thereof to purchase one additional common share at a price of $0.35 per common share for a period of 24 months following the closing date.

The net proceeds from the private placement will be used by Melkior to finance exploration expenditures on the McFauld's East Rim Nickel and West Rim Nickel properties, the acquisition of which is in the process of being completed. The properties cover approximately 2265 claim units totalling 36240 hectares.

The private placement is subject to acceptance for filing by the TSX Venture Exchange and receipt of any required regulatory approvals.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Melkior Resources Inc. Jens E. Hansen President 613-721-2919 613-828-7268 (FAX) www.melkior.com

SOURCE: Melkior Resources Inc.

http://www.melkior.com