Melior Announces Appointment of Thomas Masney as Chief Financial Officer

TORONTO, ONTARIO -- (Marketwire) -- 10/01/12 -- Melior Resources Inc. (TSX VENTURE: MLR) ("Melior") announces that Mr. Thomas Masney has been appointed to the position of Chief Financial Officer ("CFO") of Melior with effect from September 30, 2012.

Mr. Masney was until recently the CFO of Astar Minerals PLC (formerly Pan Pacific Aggregates PLC) which is listed on the London Stock Exchange - AIM. He is a Chartered Accountant and brings a wealth of experience in the mining industry and restructuring.

On behalf of the Board, Dr. Charles Entrekin, CEO and Chairman of the board of directors, said "We are confident that Thomas's experience will be a significant asset as we continue on our strategic path."

Mr. Masney is replacing Mr. Rishi Tibriwal following his resignation to pursue other opportunities. Dr. Entrekin said, "We would like to thank Rishi for his contribution to Melior and the hard work he has put in as CFO".

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.

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.

Contacts:

Melior Resources Inc.

Charles Entrekin

Chief Executive Officer

416-644-1217