2018

Millrock Reports Drill Results From La Navidad Gold Project, Sonora State, Mexico

VANCOUVER, BRITISH COLUMBIA, March 6, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that the first phase of core drilling on the La Navidad gold project has been completed. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic gold deposits and is being funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”). In total, 2,130 meters in 12 holes were drilled. The table following on the next page indicates significant and anomalous drill intersections.

Millrock President & CEO Gregory Beischer commented: “Some strong results were obtained in this program from the Anchor Zone. Drilling is tentatively planned to resume in April 2018 to test the large gold-in-soil anomalies of the Crossover and Cobre prospects that lie north and northwest of Anchor respectively.”  

Anchor and Horseshoe Zone Drilling
Holes NAV-001, NAV-002, NAV-003, and NAV-010 returned strong results. All four holes fall on section line 520,700 and indicate mineralization in the shallow subsurface over a distance of 500 meters in a north-south direction. Holes NAV-004, NAV-005 and NAV-011, drilled 200 meters west on section line 520,500 were also strongly anomalous, extending mineralization in a westerly direction. Holes NAV-006, NAV-007, NAV-008 and NAV-009 which were drilled further west on section line 520,100 at the adjacent Horseshoe Zone returned weaker, narrower intersections. It had been hoped that the two zones would join together but they do not appear to do so. Therefore, the ability to build tonnage further west from the Anchor zone appears to be limited. The next exploration effort will work areas to the north and northwest where strong gold soil anomalies exist at the Crossover and Cobre prospects. Further mapping is underway in anticipation of the next drilling program.

Note: The mineralized intervals reported are down-hole, measured thickness. Based on initial interpretations it appears the mineralized zone dips shallowly to the north at 15 degrees. However, there is not enough geologic control at this point to ve…

Note: The mineralized intervals reported are down-hole, measured thickness. Based on initial interpretations it appears the mineralized zone dips shallowly to the north at 15 degrees. However, there is not enough geologic control at this point to verify the interpretation and therefore to make an accurate estimate of true width with confidence. For the composited values reported, a 0.1 gram per tonne gold cut-off was used, and a maximum allowable internal dilution thickness of 2.05 meters was used. See note below concerning quality control – quality assurance.

Since forming an option to purchase agreement with the underlying mineral right owner of La Navidad in June 2017, and a simultaneous option to joint venture agreement with Centerra, Centerra and Millrock have collaborated to execute a comprehensive exploration program. Initial surface exploration results were reported in this press release by Millrock. Centerra is funding the exploration work to earn an interest in the project.

The La Navidad project targets bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching. The prospects at La Navidad bear the characteristics of an orogenic gold system similar in nature to other gold deposits being mined or developed in the district including:

  • Lluvia de Oro (Metallōrum Holding);
  • Santa Gertrudis (Agnico Eagle Mines Limited); and the
  • San Francisco Mine (Alio Gold Inc.).

Alio Gold’s San Francisco Mine is a prime example of the type of deposit sought by Millrock and Centerra. On their website, Alio Gold reports Measured & Indicated Resources (inclusive of Reserves) of 74.8 million tonnes grading 0.541 grams per tonne gold, containing 1.3 million ounces of gold, and Proven & Probable Reserves of 54.8 million tonnes grading 0.527 grams per tonne gold containing 0.9 million ounces of gold.

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (“QA/QC”) standards. Drill core and samples are kept in a secure location at all times. Representative half-core samples were collected in the core shed in Magdalena and assayed at the Bureau Veritas laboratory in Hermosillo, Mexico. Preparation and analysis methods are described in further detail here. The sample preparation method code utilized was PRP70-250. Analysis methods used include FA430 (30 gr/Fire Assay/AAS) and AQ-200 (Aqua Regia – ICP/MS). For every 20 rock samples a blank sample MEG-12.02 (>0.003 ppm Au) known to contain less than 3 part per billion gold and a standard sample (Certified Reference Materials – “CRM”) of known gold concentration was also analyzed. Three different CRM standards were utilized in this program including MEG-Au 11.15 (3.4 ppm Au), MEG-Au 12.11 (1.5 ppm Au) MEG-Au 13.01 (0.31 ppm Au). The following QA/QC protocols were used for this program: 1) Duplicates were created as coarse crush duplicates on every 20th sample in the sample preparation process at the laboratory, and 2) Blanks every 20th sample, and 3) CRM every 20th sample plus additional random insertions of standards and blanks at the supervising geologist’s discretion, and 4) core sample field duplicates.

Upon review of the QA/QC results it was found that results were within acceptable tolerances for most blanks and standards. However, results for standard MEG-Au 11.15 were observed to have higher than expected values in most cases, near the upper margin of acceptability. Initially two results exceeded three standard deviations, and so were not within tolerance. This called into question the results reported for holes NAV-003 and NAV-008. The Bureau Veritas laboratory performed a reanalysis of the core samples brought into question and results were found to be nearly identical. However, one of the standard samples from Hole NAV-008 remained out of tolerance, possibly because of small remaining sample size. As a further check, Millrock sent 20 samples from each of holes NAV-003 and NAV-008 to another laboratory with standard and blank samples. Results returned were very close to the original analysis made by Bureau Veritas.  Also, as part of its protocols, Millrock sends duplicate core samples to the laboratory. The usual protocol is to cut the core in half, then cut one half of the core in quarters. Both quarters are sent to the laboratory as individual samples, and results should be similar. However, a sampling error was made by the project team. A half core and quarter core sample was sent to the lab as duplicate samples. The results of the half core versus quarter core did not match well. This is expected due to the radically different sample size. Unfortunately, this sampling error is not something that can be corrected. Given that the two re-analyses have provided very similar results as the initial assays, the Qualified Person is of the opinion that the results reported in this press release are reliable.

Qualified Person
The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is active in Alaska, British Columbia, the southwest USA and Sonora State, Mexico. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Reports Potential Business Transaction Concerning Its Exploration Projects In The Golden Triangle District, British Columbia

VANCOUVER, BRITISH COLUMBIA, February 2nd, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report developments concerning its exploration projects in the Golden Triangle District of British Columbia. Under the contemplated transaction, Millrock will vend its Todd Creek project to Sojourn Exploration Inc. (“Sojourn” TSX-V: SOJ). The terms of the existing option agreements with Sojourn concerning Millrock’s Oweegee Dome and Willoughby projects would also be modified. If the transaction is completed Millrock will be a 19.9% owner of Sojourn, and a royalty holder on the properties. Additionally, under the proposal, Sojourn will issue shares to Seven Devils Exploration Ltd. (“SDE”) for four British Columbia projects. The SDE team will take over executive and technical management of Sojourn. The intended result will be a well-financed exploration company managed by an outstanding technical team that will specialize as a British Columbia Project Generator company.

Millrock President & CEO Gregory Beischer commented: “Sojourn will have a new management team that has outstanding depth in British Columbia metallogeny. We anticipate the newly constituted company will have great success following the Project Generator business model and make great discoveries that will in turn benefit Millrock shareholders.” 

Sojourn and SDE have signed a letter of intent to enter into a definitive agreement within 60 days. The definitive agreement will be subject to approval by the board of directors of each party. Modifications to the existing Millrock – Sojourn agreements that are contemplated by the Sojourn – SDE letter of intent will require approval by Millrock’s board of directors. The agreements will also require approval of the TSX-V Exchange, and some underlying claim owners. Closing of the proposed transaction is subject to a private placement by Sojourn (the terms and pricing of which have yet to be determined), and the following changes to Millrock’s existing agreements with Sojourn as follows:

(a) The existing option agreements between Millrock and Sojourn respecting Millrock's Oweegee and Willoughby properties (the "Millrock Options") will be terminated. Sojourn will not make any further payments to Millrock (in cash, shares or otherwise) pursuant to the Millrock Options.

(b) Concurrently with the termination of the Millrock Options, Millrock and Sojourn will enter into a property purchase agreement (the "Millrock PPA") pursuant to which Sojourn will acquire Millrock's Oweegee, Willoughby and Todd Creek properties (the "Millrock Properties") in consideration for the issuance of 7,823,417 Sojourn common shares (the "Millrock Payment Shares"). The 1,800,000 Sojourn common shares previously issued to Millrock pursuant to the Millrock Options will be retained by Millrock, and will not comprise part of the Millrock Payment Shares.

(c) The Millrock PPA will further provide that Sojourn will pay Millrock $250,000 as reimbursement for project costs incurred in 2017.

(d) The Millrock PPA will further provide for the modification of Millrock's NSR interests. These modifications will include a royalty buyback provision on the Oweegee and Willoughby properties such that Sojourn can purchase 1% of the NSR payable to Millrock for $1 million.

(e) Those tenures comprising the Todd Creek property which are not associated with existing NSR agreements will be subject to a 2% NSR payable to Millrock. Those tenures comprising the Todd Creek property which are associated with existing NSR agreements will be subject to a 1.5% NSR payable to Millrock. In each case, Sojourn can purchase 1% of the NSR payable to Millrock for $1 million.

Concurrently with the closing of the proposed transaction, Sojourn's board will be reconstituted to comprise five directors, being Dr. Tyler Ruks, Dave Broughton, Gregory Beischer, John Meekison and Don Lay. In addition, SDE has assembled an experienced, award-winning technical team with a strong background in regional tectonics and metallogeny of the northern Cordillera, and a history of success as Project Generators and mine finders.

The SDE team will serve as incoming management for Sojourn and includes Chief Executive Officer - Dr. Tyler Ruks, Chief Operating Officer - Nigel Luckman, and Vice President Exploration - Jeff Kyba (former B.C. Geological Survey District Geologist for northern British Columbia). The SDE team will also provide an incoming technical advisory group for Sojourn including renowned Cordilleran geology expert, former British Columbia Geological Survey geologist, and British Columbia Association for Mineral Exploration (“AME”) award winner JoAnne Nelson, seasoned exploration professional and mine finder John Bradford, and David Broughton, who while with Ivanhoe, was co-leader of the Kamoa exploration team that was the 2015 recipient of the Prospectors & Developers Association of Canada's prestigious Thayer Lindsley Award for International Mineral Discovery. David was also honoured in 2016 as co-recipient of AME BC's 2016 Colin Spence Award for Excellence in Mineral Exploration for the discovery of Flatreef deposit.

The SDE properties give Sojourn (and therefore Millrock) exposure to three of B.C.'s most productive belts for porphyry copper-gold exploration, the Toodoggone District (Oxide Peak), the northern Quesnel Trough (Eagle), and the Late Cretaceous Bulkley intrusions of the Skeena Arch (Rip), as well as a newly discovered Miocene porphyry belt in Northern Vancouver Island (Teeta Creek). Along with the Golden Triangle projects that Millrock has contributed, Sojourn will have a strong property portfolio with which to begin its Project Generator mineral exploration business.

Seven Devils President Tyler Ruks commented: “We have been fortunate at Seven Devils to have assembled a top-notch team whose track record of discovery has resulted in exceptional returns for shareholders. Our team has a long and successful history as Project Generators, having recently explored with some of the biggest and best names in mining, including Freeport McMoRan, Robert Friedland, ITOCHU, and Antofagasta. Millrock is one of North America’s top Project Generators. With Sojourn, they have done an exceptional job in assembling a large and highly prospective land position in the Golden Triangle, one of North America’s premier base and precious metals districts. This, combined with Jeff and JoAnne’s unrivaled knowledge of Golden Triangle geology and exploration potential, will provide us with a unique advantage on the road to discovery. We are delighted to be joining forces with Millrock and Sojourn, and in doing so, forming the next big name in mineral exploration.”

Qualified Person
The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is active in Alaska, British Columbia, the southwest USA and Sonora State, Mexico. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Partner PolarX Expands Alaska Range Copper-Gold Project, Alaska

VANCOUVER, BRITISH COLUMBIA, January 31st, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that PolarX (ASX: PXX) (“PolarX”) has issued a press release concerning the recent expansion of the Alaska Range copper-gold project in Alaska. PolarX has staked 34 additional claims to cover possible extensions of mineralized zones. The claim block now covers over 240 square kilometers.

Millrock presently owns 10.74% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project. Millrock is operating exploration programs on behalf of PolarX.

Final assays from the 2017 drilling program and a resource estimate for the Zackly copper-gold deposit are expected to be released by PolarX soon.


About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is active in Alaska, British Columbia, the southwest USA and Sonora State, Mexico. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.


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


FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Provides Corporate Update for 2018 and Yearly Review for 2017

VANCOUVER, BRITISH COLUMBIA, January 15th, 2018 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or “the Company”) is pleased to provide an update on its exploration activities, an overview of the Company’s goals and growth plans for 2018, as well as a review of 2017 accomplishments.

Millrock continues to rigorously follow the Project Generator-Joint Venture business model and in 2017 took advantage of the numerous acquisitions it has made over the past few years.

“Metal prices and investor interest fluctuated significantly over the year, but despite the market fluctuations, we were successful in delivering on the two areas most important to our approach to early-stage mineral exploration: new funding partnerships and new project generation.” stated Company President and CEO Greg Beischer, when reflecting back on 2017.

In 2017, exploration expenditures exceeded US$5 million, of which 90% was funded by partners through earn-in option agreements. Exploration work was completed on nine projects and Millrock attracted two new earn-in partners. Revenue from property payments and exploration management fees helped to offset overhead costs.

The following is a highlight of Millrock’s most-notable advancements:

2017: A Year in Review

Generation, Partnerships, & Exploration

Alaska

Liberty Bell Gold Project (In partnership with Kinross)
Millrock announced that it entered into an Option to Joint Venture Agreement with an affiliate of Kinross Gold Corporation on its Liberty Bell project in Alaska. Kinross can earn a 70% interest in the project by making exploration expenditures of US$5.0 million over four years, and Millrock is entitled to receive advanced minimum royalty payments and management fees as the project operator.

During the summer field season, Millrock executed a geochemical exploration program on the project, with more than 1,600 soil samples, as well as stream sediments and rock samples being collected from the property. Plans for follow up work, including drilling, are currently being formulated.
 

Stellar Copper-Gold Project (In partnership with PolarX)
Millrock sold its Stellar copper-gold project for an equity stake in a new Alaska exploration and development company – PolarX Limited (ASX: PXX). Induced Polarization geophysical surveys were completed in advance of a 2,055m drilling program designed to delineate the high-grade copper-gold mineralization at the Zackly prospect. Indicators for a larger scale porphyry copper-gold deposit were confirmed. A major exploration program is being contemplated by PolarX. Millrock presently owns 10.74% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project. Millrock operates exploration on the project in return for a management fee.

 

Mexico

Strategic Alliance with Centerra Gold
Throughout 2017 Millrock worked with Centerra Gold in a strategic alliance agreement focused on gold projects in Sonora, Mexico. Under the alliance, Millrock executed generative exploration and evaluated prospective properties to develop gold exploration projects. The agreement was concluded at the end of 2017. The most significant outcome was the formulation of the El Picacho gold project.
 

El Picacho Gold Project (In partnership with Centerra Gold)
This project targets orogenic gold deposits. A number of prospects were identified in 2017 through prospecting, geological mapping, soil geochemical surveys and magnetic and induced polarization geophysical surveys. Further work plans are being formulated for each prospect. Drilling of the best prospects is being contemplated later in the year. Centerra Gold can earn an 80% interest by making exploration expenditures, as well as cash payments to the underlying third-party owner of the mineral and surface rights.
 

La Navidad Gold Project (In partnership with Centerra Gold)
Millrock acquired an option on La Navidad Gold Project and shortly after made a joint venture agreement with Centerra Gold. A comprehensive surface exploration program was executed to expand upon gold intersections known from historic drilling. A drilling program consisting of 2,200m in twelve holes was completed in December. Results are pending.
 

Violeta Gold Project
Millrock sold its Violeta concession, bringing in $10,000 and 100,000 Riverside shares, as well as a 0.5% Net Smelter Returns royalty.

 

British Columbia

Oweegee Dome Copper-Gold Porphyry Project (In partnership with Sojourn Exploration)
Millrock entered into an agreement to option the Oweegee Dome and Willoughby projects to Sojourn Exploration in return for a 12.6% stake in the company, and royalty interests. Promptly after the agreement was signed, a comprehensive stream sediment sampling and targeted soil sampling program on the Oweegee Dome project was executed. The work, which was funded by Sojourn, indicated strongly anomalous metal concentrations in the immediate vicinity of several of the high-potential geophysical targets. The targets are ready to drill.
 

Willoughby Gold Project (In partnership with Sojourn Exploration)
At Willoughby, where high-grade gold has been intersected by historic drilling, prospecting was carried out along the edges of receding alpine glaciers. A new mineralized zone was discovered and drilling is the next step for the project.
 

Todd Creek Gold Project (Millrock funded)
Millrock carried out a property-wide stream sediment sampling program in 2017. Two new prospect areas were identified and Millrock is presently negotiating an earn-in agreement with a funding partner.
 

Corporate Advancements:

In February 2017, Millrock was named to the 2017 OTCQX® Best 50, a ranking of the top performing companies traded on the OTCQX market in the previous year. Out of more than 400 companies, Millrock ranked in the top ten with a change in Average Daily $ Volume of 1,341% and a 2016 Total Return of 118%.

To close the year, Millrock completed a $1.7M private placement, strengthening its cash position and setting the foundation for 2018.

The company intends to continue to rigorously follow the Project Generator business model throughout 2018 and outlines the following key catalysts and growth plans for the year:

 

2018 Corporate Update

Growth Plans and Potential Catalysts

We continue to carry forward into 2018 the spirit of optimism that has proved so valuable for us over the previous years. The cycle has changed for the better and Millrock is well situated to take advantage. We have a number of strong chances to make a transformative mineral deposit discovery in the year ahead.” stated Gregory Beischer.

Some key milestones Millrock intends to execute on are:

  • Drilling at the Alaska Range copper-gold project, Alaska;
  • Drilling at the Liberty Bell gold project, Alaska;
  • Developing partnerships on projects in the Golden Triangle District, British Columbia;
  • Developing new partnerships on gold, silver and zinc projects in Mexico;
  • Further drilling at the La Navidad gold project, Mexico;
  • Drilling at the El Picacho gold project, Mexico; and
  • New projects and new partnerships in the southwest USA, Alaska, Mexico, and British Columbia.

 

The technical information within this document has been reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is active in Alaska, British Columbia, the southwest USA and Sonora State, Mexico. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, and Altius.

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

FOR FURTHER INFORMATION PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 toll free
Millrock Resources Inc. 
2300-1177 West Hastings Street
Vancouver, BC Canada
V6E 2K3

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."