Melkior Resources Commences over 3,000 Meter Drill Program on the Bonanza Gold Zones of 1010 and Zamzam-Jowsey Prospect at the Carscallen Gold Property in Timmins, Ontario

Melkior Resources Inc. has initiated an aggressive 10-hole drilling campaign totaling over 3,000 meters at its wholly-owned Carscallen Gold Property, located 25 kilometers west of Timmins, Ontario. The program represents a significant step-out exploration effort designed to expand the known high-grade gold zones and test new prospects across the property's extensive mineralized corridor system.

The drilling campaign is strategically focused on four key areas, with particular emphasis on the 1010 zones where previous drilling returned exceptional results. The company's hole MKR-24-002 intersected bonanza-grade mineralization of 77.4 gpt gold over 6.90 meters, including an extraordinary 445.0 gpt gold over 1.20 meters at the 1010 South zone. Four holes totaling 1,250 meters will test the lateral and vertical extent of this high-grade discovery, while five holes comprising 1,630 meters will focus on the Zamzam-Jowsey zones to establish continuity of ore shoots along strike and down-plunge.

The Carscallen Property demonstrates significant geological potential with multiple mineralized corridors extending over 1.5 kilometers in length and confirmed vertical continuity to at least 400 meters depth. The property's gold mineralization is hosted within structurally-controlled, steep-dipping shear zones characterized by quartz-sulfide vein networks and strong silica-sericite-carbonate alteration. The coincident geophysical signatures of magnetic zones overlapping with IP chargeability and resistivity responses provide strong targeting vectors for additional discoveries.

With drilling operations expected to complete within 6-8 weeks and first assay results anticipated by late June, this program positions Melkior to potentially expand its resource base significantly. The company's systematic corridor-scale approach, supported by a three-year exploration permit granted in October 2025, demonstrates a methodical strategy to unlock value across what appears to be a district-scale gold system in one of Ontario's premier mining jurisdictions.