Melkior Samples New Zone Averaging 1.95g/t Gold at Surface at Launay

OTTAWA, ONTARIO -- (Marketwired - May 24, 2013) - Melkior Resources Inc. (TSX VENTURE:MKR) ("Melkior") is pleased to report results from a May 2013 follow-up sampling program on its 100% owned Launay gold project in the Abitibi region of Quebec. The work has yielded important new and encouraging surface results. Recent modeling using all existing data including holes from the 2012 drill program has established the presence of two wide, parallel gold zones, Zone 75A and 75B. Zone 75B has not yet been adequately drilled above the 50 metre level and below the 100 metre level. The new grab sampling, which is located east of earlier channel sampling, shows that Zone 75B comes to surface. Eight grab samples from this location averaged 1.95 g/t gold (refer to Table 1). Overburden disturbance in the area suggests some sampling was undertaken in the 1980s or earlier. The 75B zone is open along strike and at depth. It now appears to be a distinct zone and has significant potential for expansion.

Sample # 	Zone 	Easting (m) 	Northing (m) 	Au (g/t)
Grab-1 	Zone 75 west 	674299 	5392039 	0.131
Grab-2 	Zone 75 west 	674337 	5392150 	0.302
Grab-3 	Zone 75 west 	674337 	5392151 	0.049
Grab-4 	Zone 75-A 	674391 	5392187 	0.146
Grab-5 	Zone 75 west 	674388 	5392151 	0.000
Grab-6 	Zone Principal 	674391 	5392980 	7.440
Grab-7 	Zone Principal 	674433 	5393054 	0.564
Grab-8 	Near target-C 	674803 	5393306 	0.005
Grab-9 	Zone 75-B New 	674456 	5392126 	0.620
Grab-10 	Zone 75-B New 	674466 	5392123 	1.860
Grab-11 	Zone 75-B New 	674467 	5392120 	1.490
Grab-12 	Zone 75-A 	674409 	5392178 	1.150
Grab-13 	Zone 75-A 	674405 	5392180 	4.900
Grab-14 	Zone 75-B New 	674439 	5392207 	1.535
Grab-15 	Zone 75-B New 	674404 	5392240 	0.377
Grab-16 	Zone 75-B New 	674435 	5392227 	3.300
Grab-17 	Zone 75-B New 	674437 	5392238 	3.080
Grab-18 	Zone 75-B New 	674439 	5392249 	3.330
Grab-19 	Zone 75 west 	674302 	5392263 	0.234
Grab-20 	Zone 75 west 	674301 	5392264 	1.250
Grab-21 	Zone 75 west 	674363 	5392279 	0.045

Table 1: May 2013 grab sample results.


Zones 75A and 75B are separated by approximately 30 to 50 metres of barren granite. Table 2 lists previously announced typical intersections on Zone 75A from recent and historical drilling.

Hole #  From (m)   To (m)   Length (m)  Au (g/t)
ML-87-97 	2.13 	23.22 	21.09 	1.20
MLB-91-04 	1.83 	15.85 	14.02 	0.63
LAY-02-2012 	4.20 	18.08 	13.88 	0.31
LAY-03-2012 	7.00 	14.00 	7.00 	0.58
LAY-06-2012 	2.60 	45.90 	43.30 	0.32
LAY-08-2012 	1.65 	48.00 	46.35 	1.83

Table 2: Historical Assays from Zone 75A


Zone 75B was typically intersected by holes that started in Zone 75A and deeper down intersected what is now referred to as Zone 75B. Table 3 lists previously announced typical intersections on Zone 75B. The grades for Zone 75B are higher than those for 75A.

Hole #  From (m)   To (m)  Length (m)  Au (g/t)
ML-87-87 	80.92 	89.30 	8.38 	1.62
ML-87-89 	46.85 	66.14 	19.29 	1.96
ML-87-90 	45.81 	53.95 	8.14 	4.73
ML-87-91 	80.83 	96.16 	15.33 	2.29
ML-87-92 	87.17 	114.96 	27.79 	4.16
MLB-91-01 	43.89 	51.51 	7.62 	1.48
MLB-91-07 	47.55 	54.56 	7.01 	4.64
MLB-91-09 	47.55 	60.96 	13.41 	2.94
MLC-90-19 	3.66 	65.84 	62.18 	3.11
MLC-90-20 	49.99 	53.04 	3.05 	2.75
LAY-01-2012 	37.70 	40.35 	2.65 	1.50
LAY-01-2012 	66.00 	70.70 	4.70 	2.95
LAY-08-2012 	77.75 	90.65 	12.90 	3.36
LAY-09-2012 	60.60 	79.00 	18.40 	2.49

Table 3: Historical Assays from Zone 75B


Significance/recommendations

On the surface Zone 75B was sampled and assaying over 130 metres and is open both north and south (along strike). Several of the 2012 drill holes did not reach Zone 75B because they were too shallow (some only intersected Zone 75A). Until now, the second mineralized zone was only encountered below surface (see Table 3). The new grab samples taken on Zone 75 confirmed the presence of a distinct second mineralized zone, Zone 75B, which has been identified from surface to a depth of 100 metres. Below this depth there is no previous drilling information and 75B is therefore still open at depth. The gold values from the grab samples reflect similar values to the gold intersections from the reported drill intersections. Follow-up drilling of Zone 75-B will be required to define and expand this mineralized zone.

One grab sample was also taken west of Zone 75 and assayed 1.25 g/t gold. An IP anomaly is present in the vicinity of this sample and is located about 50 metres west of the Zone 75A exposures. This result is very encouraging because there are no previous drill holes, and samples were never taken to explore this area. This suggests the potential for a third mineralized zone west of Zones 75A and 75B. Follow-up will also be required on four Induced Polarization ("IP') targets that have been identified. These could represent extensions of known zones as well as new mineralized units.

The new modeling completed in 2013 has increased the understanding of the geology and what controls the mineralized zones on the Launay gold project. What was thought to be fault related mineralization appears to be associated with several generations of granite with different degrees of alteration sources (alteration due to quartz-feldspar-porphyry dyke, quartz vein network, sheared/fractured zone). The possibility of more than one mineralized zone at Zone 75 is also very encouraging and will be tested in a future exploration campaign.

Historical work has identified gold occurring intermittently over a distance of approximately 3 kilometres with concentrations at Zone 75 and the Principal Zone. To date there has been no deep drilling.


Quality control

All surface samples were submitted to ALS Chemex Laboratories in Val-D'or, Quebec, for assaying. The processed samples were submitted to a standard fire assay with AA technique (Au-AA-23). Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. For samples returning greater than 10 g/t gold, follow-up analysis using fire assay with a gravimetric finish is completed.

This press release was prepared by Dr. Eric Hebert, PGeo, of GeoVector Management Inc., Qualified Person under National Instrument 43-101. Dr. Hebert designed and supervised the sampling program and reviewed the quality control information.

For a map, please click here or refer to the Melkior website: www.melkior.com.


About Melkior:

Melkior is a junior exploration company with active exploration projects in West Timmins and holds several other exploration properties of which the most important is the 100% owned Launay gold property in West Quebec. Melkior also holds two important claim groups in the Beardmore Long-Lac gold camps.


This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Melkior's periodic reports including the annual report or in the filings made by Melkior from time to time with securities regulatory authorities.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact

Melkior Resources Inc.
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