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Classified in: Mining industry, Business
Subjects: FINANCING AGREEMENTS, STOCK/OTHER MARKET NEWS, MISCELLANEOUS

Melior Enters Into Further Standstill Amending Agreement


TORONTO, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Melior Resources Inc. (TSXV: "MLR") ("Melior" or the "Company") refers to its press release of July 28, 2020 regarding the Default Notice received from Pala Investments Ltd ("Pala") and the subsequent Standstill Agreement entered into with Pala.

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

MELIOR RESOURCES INC.
Martyn Buttenshaw
Interim Chief Executive Officer
+41 41 560 9070
[email protected]

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.


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