2009

Millrock Announces Agreement with Vale Exploration Canada Inc., Galiuro Copper-Gold Project, Arizona

VANCOUVER, BRITISH COLUMBIA, March 3, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce that it has executed a letter agreement with Vale Exploration Canada Inc. ("VEC"), an affiliate of Vale Inco Limited, each a wholly-owned subsidiary of Companhia Vale do Rio Doce ("VALE") (NYSE: RIO) concerning Millrock's Galiuro project north of Tucson, Arizona. VEC will have the option to earn a 60% joint venture interest in the claim group by making cash payments and exploration expenditures. "Millrock is very pleased to have made this arrangement with VALE. Under challenging economic conditions, this agreement allows Millrock to create shareholder value without diluting its capital structure. Millrock has the early-stage exploration expertise, but should a discovery be made, VALE will have the financial and technical horsepower to bring a giant copper-gold porphyry to production. It's a good fit for both companies." commented Company President & CEO Gregory Beischer.

Under the agreement VEC has committed to funding a minimum of US$250,000 in exploration programs prior to December 31, 2009 and may elect to fund a further US$250,000 prior to December 31, 2009 and a further US$3,000,000 over the subsequent three years through to December 31, 2012. VEC has also made a cash payment of US$75,000 on execution of the agreement and may elect to make additional cash payments totaling US$775,000 over three years to earn the option to acquire an undivided 60% participating interest in the underlying claims. Thereafter further expenditures will be funded by the parties pro-rata in accordance with their respective participating interests. VEC also has the option to acquire an additional 10% participating interest in the claims if it completes a favorable feasibility study. Millrock will be the exploration manager until December 31, 2010 and thereafter may continue as manager at VEC's discretion.

The target at the Galiuro project is a giant, high-grade porphyry copper - gold - molybdenum deposit that can be mined by open pit or underground block caving mining methods. The project is situated 80 kilometers southeast of the Resolution deposit, which is currently being drilled off by Rio Tinto, and is reported to contain a resource of one to two billion tons grading between 1% and 2 % copper. The Galiuro claim block is situated on the San Manuel-Kalamazoo and Copper Creek porphyry copper trends. The Copper Creek mine is situated just to the west of the claim block and a very large, intense alteration zone occurs to the east. The claims are largely underlain by Tertiary-aged post mineralization volcanic rocks. Magnetic data suggests that intrusive complexes occur beneath the volcanic cover. Epithermal copper mineralization occurs along deep seated structures within the volcanic rocks on the property, and may have be related to older Laramide-aged porphyry mineralization at depth.

To determine whether a major porphyry copper-gold deposit is present, a comprehensive, sequential exploration program is planned. Geological mapping, airborne magnetic and electromagnetic surveys, and ground-based geophysical surveys will be carried out prior to an initial drilling campaign. Work will begin in early March 2009.

Located in southeastern Arizona the property is 16 kilometers east of Mammoth, and 80 kilometers northeast of Tucson Arizona. Topography is steep and rugged at elevations ranging from 4200 to 5500 feet. Paved highway 77 passes 18 kilometers west of the claim block and access to the edge of the claim block is provided by four wheel drive access.

Gregory Beischer, the Company's President and Chief Executive Officer and a Qualified Person as defined by NI 43-101, prepared and approved the information contained in this release.

ABOUT MILLROCK RESOURCES INC. Millrock Resources Inc. is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska and Arizona. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ABOUT VALE EXPLORATION CANADA INC. VEC is a wholly-owned subsidiary of VALE, the world's second largest mining company by market capitalization with its headquarters in Brazil. VALE reported revenues of US$ 33.1 billion and net earnings of US$ 11.8 billion as of December 31, 2007. VALE is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT
Patrick De Witt, Manager, Investor Relations
(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."

Millrock Announces Purchase of 100% Interest in Estelle Gold Claims, Alaska

VANCOUVER, BRITISH COLUMBIA, February 5, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce that it has purchased a 100% interest in the Estelle gold claims from underlying property owners, London-based Hidefield Gold plc., (HIF - AIM), and Mines Trust Co. (MT) a privately held Alaska-based company. The purchase agreement supersedes a prior option agreement between the companies by which Millrock had the ability to earn an 80% interest in the project through cash payments and by funding exploration. The consideration paid for the 100% interest is US$125,000 and issuance of 1.25 million Millrock shares. A 2.5% royalty will be payable upon production. "This is very positive news for Millrock and its shareholders", said Company President & CEO Gregory Beischer. "Our work this past summer demonstrated the tremendous potential for a major gold deposit at Estelle. However, the work commitment and payments to earn 80% were daunting given the prevailing economic conditions. With this transaction, we have eliminated the overhanging US$5 million work commitment and gained the flexibility to bring major gold company partners into the project."

Estelle is located in the Rainy Pass district about 140 kilometers northwest of Anchorage in the Talkeetna Arc, a prolific belt of magmatic and volcanic rocks. The Pebble copper-gold project is situated 250 kilometers to the southwest. Millrock has identified strong indications of a large-scale, disseminated, porphyry-style gold deposit on its claims. These indicators include hydrothermal breccias, quartz stockwork veining with gold mineralization, porphyritic intrusive rocks, widespread hydrothermal alteration and abundant high grade vein-style gold occurrences over a 30-kilometer strike length. Sampling of talus fines and rock at surface indicates two large anomalous zones; Oxide Ridge and Shoeshine. At Oxide Ridge sampling of talus fines has outlined an anomalous zone measuring 200 meters by 300 meters. Porphyritic magmatic rocks with arsenopyrite-bearing quartz stockworks assaying in the 1.0 to 4.0 grams per ton gold range are present within this strong anomalous zone. At Shoeshine the anomalous zone is over 900 meters in length, and 300 meters wide. Numerous rock samples exhibiting porphyry style mineralization commonly contain 1.0 to 5.0 grams per ton gold. An initial round of drilling is justified.

The transaction is in the form of a letter agreement. The parties to the agreement plan to execute a formal purchase agreement by February 17, 2009. Completion of the transaction is subject to TSX Venture Exchange approval. A Director of Millrock is also a principal of MT, and therefore this is a non arm's length transaction as defined by the TSX Venture Exchange. Details of the consideration to be paid are to HIF, US$100,000 and one million Millrock shares with a 1% NSR royalty, and to MT, US$25,000 and 250,000 Millrock shares with a 1% NSR royalty of which half may be purchased by Millrock for US$1 million. A 1% NSR royalty would also be due to International Tower Hill Mines by virtue of the prior option agreement.

Gregory Beischer, the Company's President and Chief Executive Officer and a Qualified Person as defined by NI 43-101, prepared and approved the information contained in this release.

ABOUT MILLROCK RESOURCES INC.
Millrock Resources Inc. is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska and Arizona. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT
Patrick De Witt, Manager, Investor Relations
(604) 638-3164
Toll Free: (877) 217-8978

Millrock Resources Inc.
750 World Trade Centre - 999 Canada Place
Vancouver, BC  V6C 3E1
Canada

"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."

Millrock Announces Positive Drill And Trench Results At Divide Project, Nome Alaska

VANCOUVER, BRITISH COLUMBIA, January 26, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce results from trenching and drilling at the Divide Project, near Nome, Alaska. Drill highlights of the program include:

  • 15.24 meters grading 3.1 g/t gold in hole DIV3004
  • 1.52 meters grading 9.9 g/t gold in hole DIV3019
  • 10.67 meters grading 1.2 g/t gold in hole DIV3002
  • 6.10 meters grading 1.8 g/t gold in hole DIV3012

Trench highlights include:

  • 22.86 meters grading 2.2 g/t gold in trench DIV2016T
  • 16.76 meters grading 1.5 g/t gold in trench DIV2008T
  • 15.24 meters grading 1.1 g/t gold in trench DIV2012T

"We are pleased with the outcome of the Divide 2008 exploration program. The results indicate the presence of minable grades of gold over the entire strike length of drilling for more than 1.4 kilometers," commented Gregory Beischer, Millrock President & CEO. "Encouraging near-surface intersections of gold mineralization were realized in 18 of the 21 short holes drilled and in 19 of the 21 trenches excavated. The drill and trench results are helping our geologists hone in on areas where resources can be defined with additional drilling. We will plan an aggressive exploration program for 2009 in which we will test for continuity between these drill intersections, at depth and along strike."

The Divide 2008 exploration program, consisted of geological mapping, drilling of twenty-two reverse circulation holes totaling 2,656.3 meters and excavation of twenty-four trenches totaling 1,243.6 meters. The drilling and trenching successfully tested a previously identified, strong gold - arsenic soil anomaly that measures over 2,600 meters long and 660 meters wide. Geological mapping identified a strong east-west structural trend with veining that is interpreted to control thicker, higher grade zones. Future work on the Divide claims will be greatly aided by the overall results of the 2008 exploration program.

The following table summarizes most of the mineralized intersections identified during the Divide 2008 drilling program using a cutoff grade of 0.5 g/t.

HoleID

From (m)

To (m)

Length (m)

Au (g/t)

DIV3001

47.24

53.34

6.1

1

DIV3002

53.34

64.01

10.67

1.2

DIV3003

9.14

13.72

4.57

1.4

DIV3003

91.44

99.06

7.62

1

DIV3004

67.06

82.3

15.24

3.1

including

70.1

73.15

3.05

11.8

DIV3005

111.25

114.3

3.05

1.1

DIV3006

18.29

19.81

1.52

2.5

DIV3009

19.81

27.43

7.62

1.4

DIV3009

76.2

77.72

1.52

3.8

DIV3012

7.62

13.72

6.1

1.8

including

7.62

9.14

1.52

5.9

DIV3012

73.15

80.77

7.62

1.4

DIV3017

59.44

64.01

4.57

1.3

DIV3018

9.14

13.72

4.57

0.8

DIV3019

97.54

99.06

1.52

9.9

The following table summarizes most of the mineralized intersections identified during the Divide 2008 trenching program using a cutoff grade of 0.5 g/t.

HoleID

From (m)

To (m)

Length (m)

Au (g/t)

DIV2002T

38.1

39.62

1.52

2.1

DIV2003T

15.24

16.76

1.52

3.3

DIV2005T

1.52

3.05

1.52

2.2

DIV2006T

7.62

9.14

1.52

5.3

DIV2007T

35.05

41.15

6.1

1

DIV2008T

4.57

7.62

3.05

1.3

DIV2008T

19.81

36.58

16.76

1.5

Including

22.86

27.43

4.57

2.6

DIV2008T

42.67

44.2

1.52

5.2

DIV2009T

7.62

9.14

1.52

3.2

DIV2010T

24.38

32

7.62

1.3

DIV2012T

18.29

33.53

15.24

1.1

DIV2014T

13.72

15.24

1.52

3.9

DIV2016T

3.05

10.67

7.62

1.6

DIV2016T

13.72

36.58

22.86

2.2

DIV2017T

36.58

39.62

3.05

1.5

DIV2018T

13.72

16.76

3.05

1.1

DIV2018T

19.81

22.86

3.05

1.4

DIV2020T

10.67

12.19

1.52

2.1

All holes were drilled at an angle of -65°. Most intercepts are thought to be through near vertical veins, so true thickness on the veins would be approximately 40% of the drill length. Trench intercepts are thought to be very close to true thickness with the exception of some minor low-angle veins found in trenches 2010T, 2013T and 2014T and a significant low-angle structure identified in 2016T.

The Divide Property is located in the prolific Cape Nome mining district about 45 kilometers north of Nome, Alaska. Access to the property is via the Nome-Taylor Highway, which crosses the eastern boundary of the 1,424 ha claim block. Millrock is jointly exploring the property with Alix Resources (AIX - TSX:V) and the two companies will each hold a 50% interest once the terms of an underlying option agreement have been met.

The rocks at the Divide Property are underlain by structurally deformed, retrograde greenschist facies metasediments (turbidites and related deep water sediments) and are of late Proterozoic to Paleozoic age. These same types of rocks are the source of the alluvial gold deposits of the Nome camp, where approximately 5 million ounces of gold has been produced by placer mining methods. The Rock Creek Mine, located approximately 33 kilometers to the southwest of the Divide Property, hosts gold mineralization in a similar geological setting and is potentially being developed by NovaGold Resources Inc.

The 2008 exploration program at the Divide Project was supervised by Gregory Beischer the Company’s President and Chief Executive Officer and a Qualified Person as defined by NI 43-101, who also prepared and approved the information contained in this release. Mineralized intervals were sampled and placed in sealed bags and delivered to Alaska Assay Lab in Fairbanks, Alaska for analysis. Each sample was screened for metallics and a 1000-gram aliquot was used for a fire assay. A sample quality control/quality assurance program was conducted and successfully determined the acceptability of the Divide 2008 exploration program results.

ABOUT MILLROCK RESOURCES INC.
Millrock Resources Inc. is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska and Arizona. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT
Patrick De Witt, Manager, Investor Relations
(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."

Millrock Announces Positive Drilling and Sampling Results at Bluff Project, Alaska

VANCOUVER, BRITISH COLUMBIA, January 22, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce results from drilling at the Daniel's Creek prospect and surface sampling at the Koyana prospect of the Bluff Project, east of Nome, Alaska. Highlights of the Daniel's Creek prospect drilling program include:

  • 5.94 meters 1.397 g/t gold in hole BLF1001
  • 1.37 meters 3.819 g/t gold in hole BLF1003

"We are pleased with the outcome of this drilling program. We had encouraging near-surface intersections of gold mineralization in all five short holes drilled, even though it was diminished by poor drill production," commented Gregory Beischer, Millrock President & CEO. "While we were unable to verify the previously reported resource, the 2008 drill program was not a fair test of the property, with only 400 meters of the planned 1,500 meter drill program completed. We hope to accomplish more drilling in 2009 to further test this prospect as well as the other great targets on the property. "

Five holes totaling 403.26 meters were drilled with a goal of substantiating historic drill results reported by BHP and expanding the estimated boundaries of the reported mineralization to previously untested soil anomalies. The following table provides a list of all mineralized intersections using a cutoff grade of 0.5 g/t gold.

Hole ID

From (m)

To (m)

Length (m)

Gold g/t

BLF1001

25.15

31.09

5.94

1.4

including

29.57

31.09

1.52

4.1

BLF1001

49.99

52.73

2.74

0.7

BLF1002

9.75

10.82

1.07

0.9

BLF1002

57.76

59.13

1.37

0.7

BLF1003

61.05

62.42

1.37

3.8

BLF1003

88.03

88.39

0.37

7.7

BLF1004

25.6

27.43

1.83

1.4

BLF1004

29.87

30.48

0.61

1.6

BLF1004

32.61

33.22

0.61

1.1

BLF1005

19.35

20.42

1.07

1.4

The true thicknesses of these intercepts are unknown. Mineralization orientations are unknown due to a lack of outcrop and strongly broken ground.

Reconciling the 2008 drill program with BHP's 1987 to 1990 drill program has proven problematic. Consistent lack of repeatability of all comparisons of past and recent drilling, duplicate samples and re-sampling of past drill core suggest an underlying nugget effect. The challenge of reconciling past and recent drill programs is magnified since both programs experienced very low core recoveries due to strongly broken ground. It is unclear which of the BHP or Millrock 2008 drill programs are more representative of true grade since a nugget effect and low core recoveries can both upgrade and/or downgrade assay values.

Millrock's 2008 drill program was designed to minimize a nugget effect through drilling, sampling, sample preparation and assaying procedures and maximize core recovery through drill techniques. Despite best efforts, ground conditions limited core recovery to 75% - an improvement over drill core recoveries obtained by BHP. Duplicate assays and re-assays of Millrock samples also have the highest correlation of all the programs, but inconsistencies are still exhibited throughout the results. Future drilling will have to more aggressively address low recovery issues and a nugget effect.

The Koyana zone, which is located approximately 2.7 kilometers east of the Daniel's Creek prospect, is known from three prior BHP drill holes. Prospecting and surface sampling carried out by Millrock in 2008 extended this zone 500 meters southeast to what is now known as the Koyana Beach showing. Grab samples of quartz-carbonate-arsenopyrite veins returned strong assay results at this location. The following table provides highlights of these results:

Sample ID

Prospect

Au g/t

654007

Daniels Creek

13.8

654005

Koyana Beach

8.8

656406

Koyana Beach

38.6

656404

Koyana Beach

29.0

656405

Koyana Beach

28.7

656046

Koyana Beach

18.6

656408

Koyana Beach

15.8

656413

Koyana Beach

15.8

656403

Koyana Beach

11.6

The intervening area between the known drill intercepts and the beach showing has not been drill tested and is a target for future drilling programs. Additionally, at the Saddle Zone a drill intersection of 5.4 g/t over 10.9 meters previously reported by BHP warrants follow-up drilling.

Large soil anomalies in the surrounding area remain untested and are potential targets for future drilling programs.

For Millrock's 2008 Bluff exploration program, mineralized intervals were sampled and placed in sealed bags then delivered to Alaska Assay Lab in Fairbanks, Alaska for analysis. Each sample was screened for metallics and a 1000-gram aliquot was used for a fire assay atomic absorption finish. The core was not split because of gold loss problems previously encountered at this property and other nearby properties. All core was carefully logged and photographed with visible depth markers. All unanalyzed drill core and coarse rejects from the core samples have been retained for geological record. A sample quality control/quality assurance program was implemented and results of the program determined to be acceptable.

The Bluff prospect is situated about 100 kilometers east of Nome and 35 kilometers south of the village of Council on one of three land parcels that are the subject of a previously announced agreement between Millrock and the Bering Straits Native Corporation, owner of the prospect's mineral rights. White Mountain Native Corporation is the owner of the prospect's surface rights. The Bluff prospect is on the coast with barge and landing craft-accessible beaches, an airstrip and the Nome-Council seasonal gravel road providing ready access for personnel and equipment. Nome is serviced by three scheduled jet aircraft flights a day from Anchorage, daily air freight service, and has a small port for use for barge delivery of fuel, supplies, and equipment from the Pacific Rim.

The 2008 exploration program at the Bluff Project was supervised by Millrock President and CEO, Gregory Beischer, a Qualified Person as defined by NI 43-101 who prepared and approved the information contained in this release.

ABOUT MILLROCK RESOURCES INC.
Millrock Resources Inc. is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska and Arizona. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT
Patrick De Witt, Manager, Investor Relations
(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."

Millrock Reports Property Payments for Arizona Properties

VANCOUVER, BRITISH COLUMBIA, January 12, 2009 - Millrock Resources Inc. (TSX-V: MRO) (“Millrock” or the “Company”), reports the issuance of 105,000 common shares under the terms of mineral property purchase agreements dated January 14, 2008 whereby the Company has acquired 100% property interests in each of the Dry Mountain, San Jose and Galiuro claims, located in Arizona. The share payment constitutes 20,000 common shares owing for each of the three properties following regulatory acceptance and an additional 15,000 common shares for each of the three properties representing the first anniversary payment. The securities are subject to a hold period and may not be traded until May 13, 2009. The properties are described in the Company´s news releases dated April 3, 2008 and May 20, 2008. The Company reports that the transactions have proceeded as property purchases from Michael Schaefer rather than under the previously disclosed finder´s fee arrangement. The terms remain the same as originally announced.

ABOUT MILLROCK RESOURCES INC.
Millrock Resources Inc. is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska and Arizona. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT
Patrick De Witt, Manager, Investor Relations
(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."