Toronto, Ontario, April 17, 2020 – Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) refers to its press release of February 26, 2020 regarding the Default Notice received from Pala Investments Ltd (“Pala”) and the subsequent Standstill Agreement entered into with the Pala.

The Company announces that it has entered into a further standstill amending agreement with the Pala pursuant to which the Pala has agreed to extend the standstill period until May 31, 2020.