Melior Resources Terminates Bridge Loan and Provides Update on Friendly Acquisition of Firestone Ventures

Melior Resources Inc. (TSX VENTURE:MLR) ("Melior") announced today that it has
terminated the previously announced the bridge loan (the "Bridge Loan") of up to
C$500,000 with Firestone Ventures Inc. ("Firestone"). No amounts have been
advanced under the Bridge Loan to date. Melior also announced that it no longer
intends to proceed with its proposed friendly acquisition of Firestone, as set
out in the previously announced letter of intent. 


Melior intends to continue pursuing its business strategy of investing and
aiding growth in projects in the mining, metallurgical and mineral industries.


About Melior

Melior is an investment company with a focus on making strategic investments in
resource-based opportunities offering capital appreciation potential, in
particular debt or equity participation in investee companies with projects
nearing maturity.


FORWARD LOOKING STATEMENTS

This news release may contain certain statements regarding future events,
results or outlooks that are considered forward looking statements within the
meaning of securities regulation. These forward looking statements reflect
management's best judgment based on current facts and assumptions that
management considers reasonable and include the words "anticipate", "believe",
"could", "estimate", "expect", "intend", "may", "plan", "potential" and
"should". Forward looking statements contain significant risks and
uncertainties. A number of circumstances could cause results to differ
materially from the results discussed in the forward looking statements
including, but not limited to, changes in general economic and market
conditions, metal prices, political issues, permitting, environmental,
exploration and development success, continued availability of capital and other
risk factors. The forward looking statements contained in this document are
based on what management of Melior and Firestone believes to be reasonable
assumptions, however, we cannot assure that the results will be compatible to
the forward looking statements as management assumes no obligation to revise
them to reflect new circumstances. Readers should not place reliance on forward
looking statements.


Neither the 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Melior Resources Inc.
Charles Entrekin
Chairman and Chief Executive Officer
416-644-1217

Melior Resources (TSXV:MLR)
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