Melior Announces Review of Strategic Alternatives

Melior Resources Inc. (TSX VENTURE:MLR) ("Melior", the "Corporation") announced
today that its Board of Directors has commenced a review of strategic
alternatives with the objective of enhancing shareholder value. A special
committee of Melior's Board of Directors has been established to oversee such
review. There can be no assurance that the strategic review will result in the
consummation of any agreement or transaction.


Melior's common shares are listed on the TSX-V under the symbol "MLR". The
Corporation holds approximately $27.7 million in cash and cash equivalents and
currently has no other significant operating assets or liabilities.


Forward Looking Statements Disclaimer

Statements made in this news release may be forward-looking and therefore
subject to various risks and uncertainties. Such statements can typically be
identified by terminology such as "may", "will", "could", "should", "expect",
"plan", "anticipate", "believe", "intend", "possible", "continue", "objective"
or other similar expressions concerning matters that are not historical facts.
Certain material factors or assumptions are applied in making forward-looking
statements and actual results may differ materially from those expressed or
implied in such statements. Melior does not undertake to update any
forward-looking statements; such statements speak only as at the date made.

Melior Resources (TSXV:MLR)
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