Melkior Announces Sale of Private Company Investment for $1 Million June 8th, 2021 TheNewswire - Timmins, Ontario - Melkior Resources Inc. ( Melkior or the Company ) (TSXV:MKR) (OTC:MKRIF) is pleased to announce that it has received $1 million in cash for the sale of its investment in IR Battery Resource and Processing Inc (IR Battery). The Company before the sale, held 600,000 shares in IR Battery at a fair value of $300,000 as set out in the Companys interim financials for its most recent interim period ended February 28, 2021. Jonathon Deluce, CEO of Melkior, remarks, We applaud the IR Battery team for their hard work, which lead to us realizing a $700,000 gain on our investment and now having approximately $2.4M in our treasury with no debt. With our current treasury and low GA burn, we are well-positioned to get through this consolidation in the gold price and softness in the junior mining market without any financing dilution to our shareholders. With this added capital, we are reviewing various potential acquisitions ahead of what we believe will be the resumption in the gold bull market. About Melkior Resources Melkior Resources is an exploration stage resource company with strong partners in world-class mining jurisdictions.