OTTAWA, ONTARIO -- Melkior Resources Inc. (TSX VENTURE:MKR) ("Melkior" or the "Company").

As of December 30, 2010, Melkior's Board of directors has approved the grant of 900,000 stock options to directors, officers and consultants at $0.36 per share exercisable for 5 years. The stock options vested on the day of the grant and are subject to Melkior's Stock Option Plan.

Investors are invited to visit the Melkior IR Hub at http://agoracom.com/ir/Melkior where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence toMKR@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

This Press Release was prepared by Jens E. Hansen, P.Eng, President of Melkior.

About Melkior:

Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds "Ring of Fire" areas of Ontario. Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.

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.

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.

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