Melkior Resources Inc. announces a non-brokered private placement of 250,000 hard-dollar shares at an issue price of CAD 0.20 per share for the gross proceeds of CAD 50,000. The transaction expected to close during January, 2023. All securities issued under the transaction will have a hold period of four months and one day from closing.

On the same date, the company issued 2,500,000 flow-through shares at an issue price of CAD 0.24 for the gross proceeds of CAD 600,000 in the first tranche. The company paid finder's fees of CAD 42,000 and issued 175,000 warrants exercisable at a price of CAD 0.24 in respect to the transaction as permitted by the policies of TSXV and applicable securities law.