VANCOUVER, BRITISH COLUMBIA, October 3, 2007 - Millrock Resources Inc. (MRO - TSX:V) has engaged UP Communications Ltd. to manage, design and implement a comprehensive investor communications program for the company, subject to regulatory acceptance. Patrick De Witt, principal and company co-owner Mr. Chris DeGroot, will be responsible for providing advice to the company with respect to corporate development, producing and distributing effective communication tools, and increasing investor awareness. UP Communications Ltd. is a Vancouver based strategic marketing and communication firm with over 10 years experience working in the securities industry; five years working specifically in investor relations. Patrick De Witt and UP Communication Ltd. have conducted investor relations services for various TSX, TSX-Venture, AMEX and Lima Bolsa listed companies including Peru Copper, Bear Creek Mining, Nautilus Minerals and Luna Gold. UP Communications will use its extensive communications background and industry contacts to expand the company's strategic marketing plan, existing investor relations program and shareholder base.
Under the renewable agreement, UP Communications will receive a fee of $8,000 per month for an initial term of one year, which will be paid from general corporate funds. UP communications will also be granted incentive stock options to purchase up to 250,000 common shares of the company subject to TSX Venture Exchange holding and vesting requirements. A total of 150,000 stock options with an exercise price of 45 cents will be granted immediately. An additional 100,000 options will be granted in two separate lots concurrent with subsequent financing events at the lowest exercise prices permitted by the Exchange at that future time. Both UP Communications and its principal, Mr. De Witt, are at arm's length to Millrock
ABOUT MILLROCK RESOURCES INC.
Millrock Resources Inc. is a TSX Venture Exchange listed company focused on the discovery of large metallic mineral deposits in Alaska. The potential in Alaska has barely been revealed for porphyry gold-copper-molybdenum deposits, intrusive-related gold deposits, sedimentary exhalative zinc-lead-silver deposits, and tin greisen deposits. To date, Millrock has acquired four promising projects, and intends on making further key acquisitions. The company has an active drilling campaign underway at its Divide and Inmachuk projects on the Seward Peninsula in western Alaska.
ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Gregory Beischer, President & CEO
(604) 638-3164
Toll Free: (877) 217-8978
Millrock Resources Inc.
750 World Trade Centre - 999 Canada Place
Vancouver, BC V6C 3E1
Canada
FORWARD LOOKING STATEMENTS
Some statements in this news release contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.
"NEITHER 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."