Melior Mails Directors' Circular

Melior Resources Inc. (TSX VENTURE:MLR) ("Melior") announced today that it has
mailed to its shareholders a Directors' Circular as required by applicable
securities laws in response to the unsolicited offer by Pala Investments Limited
("Pala"), through its wholly-owned subsidiary, to acquire all of the outstanding
common shares of Melior that Pala does not already own (the "Pala Offer"). Pala
is Melior's largest shareholder, and currently owns, directly or indirectly,
approximately 44% of the outstanding Melior shares. A copy of the Directors'
Circular is available online at www.sedar.com. 


Pala has stated that the Pala Offer expires at 11:59 p.m. (Toronto time) on
November 5, 2012 (unless withdrawn or extended). 


Forward-Looking Statements

This news release contains certain statements that constitute forward-looking
information within the meaning of applicable securities laws ("forward-looking
statements"). Melior cautions readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date they are made.
Forward-looking statements are based on Melior's current plans, estimates,
projections, beliefs and opinions, and Melior does not undertake any obligation
to update forward-looking statements should assumptions related to these plans,
estimates, projections, beliefs and opinions change, except as required by law.
When used in this news release, words such as "plans", "expects", "intends",
"anticipates", "will", "may", "believes" or variations of such words and phrases
often, but not always, identify forward-looking statements. Although Melior
believes that the expectations reflected in such forward-looking statements are
reasonable, all forward-looking information is subject to risks, uncertainties
and other factors that could cause actual results to differ materially from
historical results or results anticipated by the forward-looking information.
The factors which could cause actual results or events to differ materially from
current expectations include, but are not limited to: actions taken by Pala;
actions taken by Melior shareholders in respect of the Pala Offer; the possible
effect of the Pala Offer on Melior's business; and other factors identified and
in Melior's filings with applicable Canadian securities regulatory authorities,
including in its annual information form for the year ended June 30, 2011 filed
on SEDAR and available at www.sedar.com.