Millrock Reports Geophysical Survey Results On West Pogo Block, Goodpaster Gold District Project, Alaska

VANCOUVER, BRITISH COLUMBIA, October 9, 2019 - Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) announces that it has received results of a Controlled Source Audio Magneto Tellurics (“CSAMT”) survey recently conducted on its West Pogo claim block, which comprises a portion of its Goodpaster Gold District exploration project. Gently dipping conductive zones potentially indicative of gold mineralization in the same regional shear zone that hosts the Pogo Gold Mine have been detected. The anomalous responses are directly along strike and down dip of a recent gold deposit discovery announced by Pogo Gold Mine operator Northern Star Resources Limited (“Northern Star”). The Goodpaster Deposit reported by Northern Star is located northwest of the existing Pogo Gold Mine approaching the boundary between Millrock’s West Pogo claims with the mine property.

Gregory Beischer, Millrock President & CEO commented “We have developed a compelling drill target at West Pogo. Numerous lines of evidence are pointing to the area along Aurora Creek, which is directly along strike to the southwest from a new, high grade discovery reported by our neighbours next door. We plan to construct a drill trail from the Pogo Gold Mine road to Aurora Creek and drill a well to provide a nearby, winter water source. This will give the flexibility to begin drilling in the winter months of 2020.”

Highlights:

  • A high conductivity geophysical response has been detected beneath and on the south side of Aurora Creek directly along strike from a recent gold deposit discovery on adjacent claims (the new Goodpaster Deposit) announced by Northern Star, operator of the Pogo Gold Mine.

  • The CSAMT conductor is coincident with a magnetic low (indicating gold-mineralizing fluids may have altered the rock) and with strong gold, arsenic and bismuth soil geochemical anomalies at surface. 

  • The conductor appears to be gently dipping and is therefore consistent with a low-angle regional shear zone that is known to host the adjacent Pogo Gold Mine (total gold endowment of approximately 10 million ounces, as reported by Northern Star). 

  • On Line 3, the conductor lies approximately 120 m below the vertical penetration of a prior, historic drill hole which intersected gold in near-vertical quartz veins (which potentially acted as “feeder” veins to a low-angle shear-hosted gold system). 

  • On Line 6, the conductor is stronger, and at a shallower depth of approximately 80 m below surface. The area where line 6 intersects Aurora Creek is directly along strike from the high-grade gold mineralization reported by Northern Star and is coincident with a pronounced magnetic low.

  • On the northern part of Line 6 another conductor is observed, coincident with a magnetic low, at the expected down-dip projection of Northern Star’s Goodpaster deposit.

Figure 1. Goodpaster District Location Map

Figure 1. Goodpaster District Location Map

Figure 2. Goodpaster Project Claim Map

Figure 2. Goodpaster Project Claim Map

The 2019 CSAMT survey covered a total of 13 line km; 5 km on Line 3, and 8 km on Line 6. Zonge International was contracted to perform the CSAMT Survey acquisition, which began on August 10 and was completed on September 1. The survey area displays elevated gold, arsenic and bismuth surface samples coincident with northeast and northwest - oriented breaks in topography, airborne magnetics, and airborne resistivity survey results. These breaks are interpreted to be high-angle faults and potential mineralization conduits. The pronounced magnetic low situated in the Aurora Creek valley is coincident with the elevated gold and pathfinder elements in surface samples. Areas of defined gold ore bodies at Northern Star’s Pogo Gold Mine, as well as their newer Central Lodes and Goodpaster discoveries, display a low magnetic response, due to alteration associated with gold mineralization. Former Pogo Gold Mine operator Sumitomo Metal Mining has previously used CSAMT as a targeting tool, and the survey type was reported by them as being instrumental in the initial discovery of the Goodpaster deposit now being drilled by Northern Star.

Figure 3. Airborne magnetic map showing CSAMT survey lines and conductive responses on Millrock claims along strike and down dip from Northern Star’s recent Goodpaster gold deposit discovery. *Past Production + *Reserve + Resource as reported by Nor…

Figure 3. Airborne magnetic map showing CSAMT survey lines and conductive responses on Millrock claims along strike and down dip from Northern Star’s recent Goodpaster gold deposit discovery. *Past Production + *Reserve + Resource as reported by Northern Star Mines Limited in a press release dated August 1, 2019.

Figure 4. CSAMT Survey results for Line 3 and Line 6. Warm colours indicate lower resistivity (higher conductivity) and possible low-angle shear zone known to host gold deposits nearby.

Figure 4. CSAMT Survey results for Line 3 and Line 6. Warm colours indicate lower resistivity (higher conductivity) and possible low-angle shear zone known to host gold deposits nearby.

The Aurora Creek conductive zone is deeper on Line 3 and is at the edge of survey resolution. While Millrock does not place a high level of confidence on this conductor, it does appear at the correct level given a simple projection of the Goodpaster vein system onto Millrock property. Prior historic drilling was of inadequate depth to test the conductor, but did intersect anomalous gold values in high-angle quartz veins. Strong geochemical responses are located in the vicinity of the conductor in the Aurora Creek area. On Line 6, the Aurora Creek conductor is shallower, and more pronounced and is assigned a higher confidence level and represents a prime target for drill testing.

Shares for Debt Settlement

Further to a press release made by Millrock on October 1, 2019 the Company reports the TSX-V has approved, and the Company has issued, a total of 654,703 common shares at a deemed price of $0.09 per share to settle outstanding debt of $58,923.28 for deferred compensation. The issuance was done to in order to conserve The Company treasury. The shares are subject to a hold period and may not be traded until February 8, 2020.

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 recognized as the premier generative explorer in Alaska, holds royalty interests in British Columbia, Canada and Sonora State, Mexico and is a significant shareholder of junior explorer ArcWest Exploration Inc. 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: EMX Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside.

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 (within the meaning of Canadian securities legislation) including, without limitation, management’s expectation that it will receive permits and be able to install a drill trail during 2019. 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, Millrock’s ability to raise funds needed to perform additional exploration on the claims staked and customary risks of the resource industry.

Millrock Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA, October 1, 2019 - Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) is pleased to provide the following update on activities that have occurred over the past calendar quarter.

President & CEO Gregory A. Beischer commented: “The moves Millrock has made over the past three months has positioned the company well for what appears to be a coming bull market in precious metals. We have developed an enviable gold project portfolio that is attracting funding partnerships and should result in substantial drill programs in 2020. With drilling comes the potential to increase Millrock’s share price through mineral deposit discovery”.

Financing:

A two-stage equity financing was completed for gross proceeds of $1,577,474.86. The funds are being used to advance the Goodpaster gold project, and to generate new projects. 

Dragonslayer copper-gold project (Alaska):

The first project generated with the recent financing proceeds is named Dragonslayer. Very shortly after Millrock’s acquisition of the mineral rights through staking of State of Alaska mining claims, the property became the subject of a previously-announced binding letter agreement with First Quantum Minerals Limited (“FQML”). FQML can earn the exclusive right to enter an option to joint venture agreement with predetermined business terms. To earn the right, FQML is funding geochemical surveys, mapping and prospecting to a value of US$100,000. Work has been completed and results are anticipated in October. The work is focused on a geophysical anomaly located in a belt of Cretaceous-aged rocks that have demonstrated potential for copper-gold porphyry deposits. The geophysical anomaly consists of a conductive zone surrounding a magnetic high in a low-lying area with little outcrop exposure. The target was detected using an airborne ZTEM and magnetic susceptibility survey. FQML may earn up to an 80% interest by funding the project until commercial production is achieved, and by paying Millrock US$700,000.

Goodpaster gold project (Alaska):

Millrock has accomplished the following on the Goodpaster gold project recently:

  • Applied for drilling permits (issuance expected soon);

  • Applied for heavy equipment access along the Pogo Mine road from the State of Alaska, (issuance expected soon);

  • Cut lines through brush for geophysical surveys at the West Pogo prospect;

  • Completed 13 km of Controlled Source Audio Magneto Tellurics (“CSAMT”) geophysical surveys (final results expected soon);

  • Commissioned district-wide, remotely-sensed data compilation and analysis and integrated it with Millrock’s existing proprietary database;

  • Inspected drill cores stored at the ER, Eagle and Boundary prospects; and

  • Solicited price estimates to install a five km long drill road from the Pogo Mine road to the Aurora Creek valley, and to install a water well (to provide year-round drill water).

Near-term planned work includes: 1) removal of drill cores from various prospect sites such as Eagle and ER, relogging, and sampling of previously unsampled intervals, and 2) install, pending cost estimates, the Aurora Creek drill road and well. Installation of a year-round water source would give Millrock the optionality of doing the first West Pogo drill project as early as February 2020.

The yellow lines on the map below (Figure 1) indicate the location of the two lines of CSAMT data collected. The map uses the airborne magnetic survey data provided by the State of Alaska as a base. Note that the Pogo Gold Mine, and two new discoveries reported by the mine operator Northern Star’s (Central Lodes and Goodpaster Deposit) occur in magnetic lows, adjacent to magnetic high areas mapped as post-mineralization diorite. Note also the presence of magnetic lows in Aurora Creek on the northern portion of Millrock’s claim. There are strong gold-arsenic-bismuth anomalies overlying these low areas, and steeply dipping quartz veins containing gold have been drilled by prior operators. It is thought that shallow-dipping, shear-zone hosted veins may be present below surface, and below the depth previously drilled. The CSAMT survey will help determine if this is the case.

Northern Star Resources Limited (‘Northern Star”) recently reported the discovery of the Goodpaster gold deposit on their claims, east of Millrock’s land holdings. Northern Star reports the deposit is 2.3 km in length, strikes southwest (towards Millrock’s claims) and dips to the northwest (also towards Millrock’s claims), has been drilled to 500m depth and is open in all directions. Five gently-dipping veins are reported, as were some highlight intersections which indicate strong gold grade. The shallowest reported intersection is at 200 m depth below surface. The red dots on the map indicate approximate locations at which Northern Star has recently completed drill holes, or, is presently drilling holes. Many of the holes are less than half a kilometer from the mutual property boundary and one hole is only about 90 m from the claim line.

Figure 1: Aurora Creek Target on Millrock claims adjacent to Northern Star Pogo Gold Mine Property. Pogo Gold Mine approximate gold endowment – Past Production + *Reserve + Resource as reported by Northern Star Mines Limited in a press release dated…

Figure 1: Aurora Creek Target on Millrock claims adjacent to Northern Star Pogo Gold Mine Property. Pogo Gold Mine approximate gold endowment – Past Production + *Reserve + Resource as reported by Northern Star Mines Limited in a press release dated August 1, 2019.

While advancing the West Pogo portion of the larger Goodpaster project, Millrock has solicited interest in exploration proposals from third party companies that may wish to earn an interest in the project.  

Sale of Sonora, Mexico Gold Projects, Royalty Creation:

Millrock entered definitive agreements to sell the La Union, Los Cuarentas, El Pima, El Valle, and Llano del Nogal claim blocks to Riverside Resources Inc. (“Riverside”). Millrock has also transferred the option it holds on the Santa Rosalia concession which forms part of the Los Cuarentas project. Additionally, Millrock has sold a copy of its exploration database, and various exploration equipment and vehicles to Riverside.

Consideration paid to Millrock is $35,000 cash and 150,000 Riverside shares. Additionally, Riverside will grant a 0.5% Net Smelter Returns (“NSR”) royalty on the El Pima and El Valle claims, and in the event that Riverside exercises the option on Santa Rosalia, it will grant a 0.5% NSR royalty on that claim to Millrock.

Millrock has retained the El Batamote copper porphyry project and this will be the sole focus of Millrock’s exploration effort in Mexico going forward.

Stock Option Grant and Shares for Debt Settlement:

The Millrock Board of Directors has approved, in accordance with the Company’s stock option plan, a grant of stock options to employees, officers, directors and advisors of the company. The company has granted a total of 1,885,000 stock options that may be exercised at $0.09 for five years. Additionally, the Company indicates that it will, upon approval of the TSX Venture Exchange, settle debt owed for deferred cash compensation to certain officers, directors and employees by issuing 819,078 Millrock shares at a deemed price of $0.09 per share. The shares issued will have a four month hold period and be marked with a legend referencing trading restrictions that may be required under the policies of the Exchange and/or applicable securities laws.

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 recognized as the premier generative explorer in Alaska, holds royalty interests in British Columbia, Canada and Sonora State, Mexico and is a significant shareholder of junior explorer ArcWest Exploration Inc. 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: EMX Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside.

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 (within the meaning of Canadian securities legislation) including, without limitation, management’s expectation of executing a definitive agreement for the sale of certain assets in Mexico to Riverside and future exploration of the claims sold. 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, Millrock’s ability to raise funds needed to perform additional exploration on the claims staked and customary risks of the resource industry.

Millrock Enters A Binding Letter Agreement Concerning The Dragonslayer Copper-Gold Project, Alaska

VANCOUVER, BRITISH COLUMBIA, September 23, 2019 - Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) reports it has signed a binding letter agreement whereby First Quantum Minerals Limited (“FQML”) has been granted the exclusive right to enter an option agreement on Millrock’s Dragonslayer porphyry copper-gold project in eastern Alaska. To earn the right FQML is funding geochemical surveys, mapping, and prospecting to a value of US$100,000. Results are anticipated in October. The work is focused on a geophysical anomaly located in a belt of Cretaceous-aged rocks that have demonstrated potential for copper porphyry deposits. The geophysical anomaly consists of a conductive zone surrounding a magnetic high in a low-lying area with little outcrop exposure. The target was detected using an airborne ZTEM and magnetic susceptibility survey. Upon receipt of the current exploration survey results, FQML will have until December 31, 2019 to exercise its exclusive right to enter an option to joint venture agreement with the following business terms:

To exercise the first option to earn a 51% interest, FQML must make exploration expenditures and cash payments as listed in the table below:

 
Screen Shot 2019-09-22 at 5.56.57 PM.png
 

After the initial earn-in, FQML can increase its interest to 70% by defining a NI 43-101 compliant Inferred Resource of at least 1 million tonnes of contained copper equivalent (a “Resource”) and filing a qualifying report on SEDAR documenting that Resource, provided it continues to sole-finance the project until a Resource has been filed on SEDAR.

After vesting with a 70% interest, FQML may elect to exercise a third option to earn another 10% interest in the project, bringing their total interest to 80%. To complete the third option, FQML will sole-fund the project through permitting and construction until commercial production is achieved, including funding Millrock’s proportionate share of funding on behalf of Millrock. All funding advanced by FQML on behalf of Millrock’s proportionate share of funding will be repayable by Millrock from proceeds from production. If FQML does not exercise the third earn-in, then Millrock must co-contribute its proportional share of expenditures to maintain its 30% interest in the Property.

The Dragonslayer project consists of 60 State of Alaska mining claims recently staked by Millrock. The mineral rights cover an area of 3,885 ha.

 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 recognized as the premier generative explorer in Alaska, holds royalty interests in British Columbia, Canada and Sonora State, Mexico and is a significant shareholder of junior explorer ArcWest Exploration Inc. 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: EMX Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside.

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 (within the meaning of Canadian securities legislation) including, without limitation, management’s expectation of executing a definitive agreement for the sale of certain assets in Mexico to Riverside and future exploration of the claims sold. 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, Millrock’s ability to raise funds needed to perform additional exploration on the claims staked and customary risks of the resource industry.

Millrock Completes Sales of Certain Mexico Assets

Key Highlights:

  • Millrock has sold five projects, a geological database, and exploration equipment to Riverside Resources.

  • Consideration paid consists of cash, Riverside shares, and grant of royalties.

  • Millrock’s Mexico exploration activities in Mexico now to be focused on El Batamote copper porphyry project.

VANCOUVER, BRITISH COLUMBIA, September 12, 2019 - Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) reports that it has entered definitive agreements to sell the La Union, Los Cuarentas, El Pima, El Valle, and Llano del Nogal claim blocks to Riverside Resources Inc. (“Riverside”). Millrock has also transferred the option it holds on the Santa Rosalia concession which forms part of the Los Cuarentas project. Additionally, Millrock has also sold a copy of its exploration database, and various exploration equipment and vehicles to Riverside.

Consideration paid to Millrock is $35,000 cash and 300,000 Riverside shares. Additionally, Riverside will grant a 0.5% Net Smelter Returns (“NSR”) royalty on the El Pima and El Valle claims, and in the event that Riverside exercises the option on Santa Rosalia, it will grant a 0.5% NSR royalty on that claim to Millrock.

The agreement is subject to approval by the TSX Venture Exchange. The Riverside shares issued to Millrock will have a four-month hold period.

Millrock has retained two projects in Mexico. The first, El Batamote, targets porphyry copper deposits and is situated in a prime belt which also contains two exceptionally large copper deposits, La Caridad and Cananea. The second project, Guadalcazar, is an oxidized, precious metal-bearing polymetallic skarn deposit located in central Mexico.

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 recognized as the premier generative explorer in Alaska, holds royalty interests in British Columbia, Canada and Sonora State, Mexico and is a significant shareholder of junior explorer ArcWest Exploration Inc. 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: EMX Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside.

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 (within the meaning of Canadian securities legislation) including, without limitation, management’s expectation of executing a definitive agreement for the sale of certain assets in Mexico to Riverside and future exploration of the claims sold. 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, Millrock’s ability to raise funds needed to perform additional exploration on the claims staked and customary risks of the resource industry.

Millrock Reports Correction

VANCOUVER, BRITISH COLUMBIA, September 12, 2019 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or “the Company") reports a correction to the news release dated September 6, 2019. Finder’s fees paid in connection with Tranche 2 of the financing were as follows:  $24,302.25 and 324,030 Finder’s Warrants to Redplug Inc. and $7,612.50 and 101,500 Finder’s Warrants to Haywood Securities Inc. Each Finder’s Warrant entitles the holder to purchase one additional common share at an escalating exercise price as follows:

  • Until December 14, 2019, the Unit Warrants will be exercisable at $0.14 per share;

  • Thereafter, until December 14, 2020, the Unit Warrants will be exercisable at $0.17 per share; and

  • Thereafter, until December 14, 2021, the Unit Warrants will be exercisable at $0.20 per share.

The common shares issued pursuant to exercise of Finder’s Warrants are subject to a hold period and may not be traded until January 7, 2020.

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 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, EMX Royalty, Altius, and Riverside. Millrock is a major shareholder of junior explorer ArcWest Exploration, and holds a portfolio of exploration-stage project royalties in Mexico, British Columbia and Alaska.

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 receipt of TSX Venture Exchange acceptance and completion of the Offering.

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OF THE COMPANY IN THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. THE SECURITIES TO BE OFFERED UNDER THE OFFERING HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE 1933 ACT OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS THAT TERM IS DEFINED IN REGULATION S UNDER THE 1933 ACT) EXCEPT IN TRANSACTIONS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND APPLICABLE STATE SECURITIES LAWS.

Millrock Closes Tranche 2 of Private Placement

VANCOUVER, BRITISH COLUMBIA, September 6, 2019 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or “the Company") reports the non-brokered private placement announced on July 10, 2019 has been completed and was over-subscribed. A total of 7,675,667 units at a price of $0.075 per unit have been issued in Tranche 2 for gross proceeds of $575,675.03, bringing total gross proceeds raised in the financing to $1,577,474.86. Each unit consists of one common share of Millrock and one share purchase warrant (the “Unit Warrants”). Each Unit Warrant entitles the holder to purchase one additional common share at an escalating exercise price as follows:

  • Until December 14, 2019, the Unit Warrants will be exercisable at $0.14 per share;

  • Thereafter, until December 14, 2020, the Unit Warrants will be exercisable at $0.17 per share; and

  • Thereafter, until December 14, 2021, the Unit Warrants will be exercisable at $0.20 per share. 

Finder’s fees have been paid as follows in connection with Tranche 2 of the financing: $24,302.25 and 324,030 Finder’s Warrants to Redplug Inc.; $108,750 and 101,500 Finder’s Warrants to Haywood Securities Inc.

The common shares issued under this portion of the financing and any common shares issued pursuant to exercise of Unit Warrants or Finder’s Warrants are subject to a hold period and may not be traded until January 7, 2020.

The net proceeds from the Offering will be used to advance exploration and secure drilling permits at the West Pogo project (as to 30% of the net proceeds raised), for generation of new projects and funding partners (as to 40% of the net proceeds raised) and for general corporate purposes (as to 30% of the net proceeds raised).. The financing is subject to final approval from the TSX Venture Exchange.

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 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, EMX Royalty, Altius, and Riverside. Millrock is a major shareholder of junior explorer ArcWest Exploration, and holds a portfolio of exploration-stage project royalties in Mexico, British Columbia and Alaska.

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 receipt of TSX Venture Exchange acceptance and completion of the Offering.

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OF THE COMPANY IN THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. THE SECURITIES TO BE OFFERED UNDER THE OFFERING HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE 1933 ACT OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS THAT TERM IS DEFINED IN REGULATION S UNDER THE 1933 ACT) EXCEPT IN TRANSACTIONS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND APPLICABLE STATE SECURITIES LAWS.

Millrock Announces Extension Granted To Private Placement

VANCOUVER, BRITISH COLUMBIA, August 23, 2019 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the “Company") announces the TSX Venture Exchange has granted Millrock an extension to the deadline to file final materials in respect of the private placement financing announced on July 10, 2019.  The Company must complete the filing by September 25, 2019.

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 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, EMX Royalty Altius, and Riverside. Millrock is a major shareholder of junior explorer ArcWest Exploration, and holds a portfolio of exploration-stage project royalties in Mexico, British Columbia and Alaska.

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 receipt of TSX Venture Exchange acceptance and completion of the Offering. 

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OF THE COMPANY IN THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. THE SECURITIES TO BE OFFERED UNDER THE OFFERING HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE 1933 ACT OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS THAT TERM IS DEFINED IN REGULATION S UNDER THE 1933 ACT) EXCEPT IN TRANSACTIONS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND APPLICABLE STATE SECURITIES LAWS.

Millrock Closes Tranche 1 of Private Placement

VANCOUVER, BRITISH COLUMBIA, July 29, 2019 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or “the Company") reports a portion of the non-brokered private placement announced on July 10, 2019 has closed.  A total of 13,357,331 units at a price of $0.075 per unit have been issued in Tranche 1 for gross proceeds of $1,001,799.83.  Each unit consists of one common share of Millrock and one share purchase warrant (the “Unit Warrants”).  Each Unit Warrant entitles the holder to purchase one additional common share at an escalating exercise price as follows:

  • Until December 14, 2019, the Unit Warrants will be exercisable at $0.14 per share;

  • Thereafter, until December 14, 2020, the Unit Warrants will be exercisable at $0.17 per share; and

  • Thereafter, until December 14, 2021, the Unit Warrants will be exercisable at $0.20 per share.

Millrock President & CEO Gregory Beischer commented: “We were pleased that multiple existing Millrock shareholders in Canada were able to take advantage of the Existing Shareholder Exemption. This exemption allows smaller, existing shareholders to take advantage of the potential earnings benefits that private placements can provide. Often participation in private placements is limited to institutional or wealthy investors. We intend to use a portion of the proceeds to advance exploration at our West Pogo gold project in Alaska. A specialized geophysical survey called CSAMT will be part of the work. The method has reportedly worked very well at discovering gold ore bodies on the adjacent Pogo Gold Mine property that is operated by Northern Star Resources Ltd. Additionally, Millrock intends to generate more high-quality gold projects in Alaska. We feel now is the time to act on the various targets that we’ve been waiting to acquire.”

Finder’s fees have been paid as follows in connection with this portion of the financing:  $24,675 and 329,000 Finder’s Warrants to Redplug Inc.; $3,150 and 42,000 Finder’s Warrants to Haywood Securities Inc.; $682.50 and 9,100 Finder’s Warrants to Sightline Wealth Management LP; $1,575 and 21,000 Finder’s Warrants to Mackie Research Capital Corporation; $525 and 7,000 Finder’s Warrants to Sprott Capital Partners LP.

The common shares issued under this financing and any common shares issued pursuant to exercise of Unit Warrants or Finder’s Warrants are subject to a hold period and may not be traded until November 30, 2019.

The net proceeds from the Offering will be used to advance exploration and secure drilling permits at the West Pogo project (as to 30% of the net proceeds raised), for generation of new projects and funding partners (as to 40% of the net proceeds raised) and for general corporate purposes (as to 30% of the net proceeds raised).. The financing is subject to final approval from the TSX Venture Exchange.

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 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, EMX Royalty, Altius, and Riverside. Millrock is a major shareholder of junior explorer ArcWest Exploration, and holds a portfolio of exploration-stage project royalties in Mexico, British Columbia and Alaska.

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 receipt of TSX Venture Exchange acceptance and completion of the Offering.

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OF THE COMPANY IN THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. THE SECURITIES TO BE OFFERED UNDER THE OFFERING HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE 1933 ACT OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS THAT TERM IS DEFINED IN REGULATION S UNDER THE 1933 ACT) EXCEPT IN TRANSACTIONS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND APPLICABLE STATE SECURITIES LAWS.

Millrock Announces Private Placement Financing And Strategic Advisor

VANCOUVER, BRITISH COLUMBIA, July 10, 2019 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the “Company") announces that it plans to raise gross proceeds of between $1,000,000 and $1,500,000 through a non-brokered private placement (the "Offering") of between 13,333,333 units (the “Units”) and 20,000,000 Units at a price of $0.075 per Unit. 

It is the intention of the Company to provide an opportunity to existing, eligible Millrock shareholders to participate in the Offering. Non-accredited investors will be welcome to participate in the Offering through use of the existing shareholder exemption provided in BC Instrument 45-534 and similar exemptions in other jurisdictions of Canada.  

Each Unit will consist of one common share of the Company and one share purchase warrant (the “Unit Warrants”). Each Unit Warrant will entitle the holder to purchase one additional common share of the Company at an escalating exercise price as follows:

  • Until December 14, 2019, the Unit Warrants will be exercisable at $0.14 per share;

  • Thereafter, until December 14, 2020, the Unit Warrants will be exercisable at $0.17 per share; and

  • Thereafter, until December 14, 2021, the Unit Warrants will be exercisable at $0.20 per share.

 The minimum investment is $5,000. The net proceeds from the Offering will be used to advance exploration and secure drilling permits at the West Pogo project (as to 30% of the net proceeds raised), for generation of new projects and funding partners (as to 40% of the net proceeds raised) and for general corporate purposes (as to 30% of the net proceeds raised).

Existing Shareholder Exemption
In addition to any other exemptions available, participation in the Offering is also open to existing shareholders of Millrock who, as of the close of business on July 9, 2019 ("Record Date"), hold common shares of Millrock (and who continue to hold common shares of Millrock at the time of closing), pursuant to the prospectus exemption set out in B.C. Instrument 45-534 and in similar instruments in other jurisdictions of Canada. This exemption is not available to a shareholder who is a U.S. Person (as defined in Regulation S promulgated under the United States Securities Act of 1933, as amended).

Pursuant to a strategic investment agreement previously announced with EMX Royalty Corp., (“EMX”) EMX has the right to participate in the Offering to maintain their current ownership percentage of Millrock shares. 

Any existing shareholder or other interested investor who wishes to participate in the Offering is asked to please contact Janice Davies, Corporate Secretary of the Company by email at: janice@jdconsulting.ca  to receive subscription documentation and instructions. The Offering will remain open to existing shareholders until July 16, 2019.

Finder’s fees of 7% cash and 7% finder’s warrants (“Finder’s Warrants”) may be paid in connection with the Offering. The Finder’s Warrants have the same terms as the Unit Warrants except that they will be non-transferable.

The Offering is subject to receipt of TSX Venture Exchange acceptance.

Millrock also reports that it has engaged Mr. Doug Flegg of Cairn Merchant Partners of Toronto, Canada as a Strategic Advisor to assist Millrock in finding partners for its Alaska projects. Prior to joining Cairn Merchant Partners, Doug was Managing Director of Global Mining Sales for BMO Capital Markets. Doug also worked as a Portfolio Manager and Co-head of Canadian Equities at UBS Global Asset Management where he was responsible for their mining investments. Doug started his career as an Exploration Geologist in Northern Ontario and Newfoundland. He graduated from the Queen's School of Business with an MBA, he has a BSc. (Honours Geology) degree from Queen's University. See also: (http://cairnmp.com/doug-flegg).

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 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, EMX Royalty Altius, and Riverside. Millrock is a major shareholder of junior explorer ArcWest Exploration, and holds a portfolio of exploration-stage project royalties in Mexico, British Columbia and Alaska. 

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 receipt of TSX Venture Exchange acceptance and completion of the Offering.

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OF THE COMPANY IN THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. THE SECURITIES TO BE OFFERED UNDER THE OFFERING HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE 1933 ACT OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS THAT TERM IS DEFINED IN REGULATION S UNDER THE 1933 ACT) EXCEPT IN TRANSACTIONS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND APPLICABLE STATE SECURITIES LAWS.

Millrock To Sell Mexico Assets

Key Highlights:

  • Millrock has agreed to sell five projects, a geological database, and exploration equipment to Riverside Resources Inc.

  • Consideration paid consists of cash, Riverside shares, and grant of royalties.


VANCOUVER, BRITISH COLUMBIA, June 26, 2019
- Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock" or the “Company”) reports that it has entered into an agreement to sell the La Union, Los Cuarentas, El Pima, El Valle, and Llano del Nogal claim blocks to Riverside Resources Inc. (“Riverside”). Millrock will also transfer the option it holds on the Santa Rosalia concession which forms part of the Los Cuarentas project. Millrock has also agreed to sell a copy of its exploration database, and various exploration equipment and vehicles to Riverside.

Consideration payable to Millrock is $35,000 cash and 150,000 Riverside common shares. Additionally, Riverside will grant a 0.5% net smelter returns (“NSR”) royalty on the  El Pima and El Valle claims, and in the event that Riverside exercises the option on Santa Rosalia, it will grant a 0.5% NSR royalty on that claim.

Millrock and Riverside anticipate completing transfer of the properties and completing the agreement by August 31, 2019. The agreement is subject to approval by the TSX Venture Exchange. The Riverside shares issued to Millrock will have a four-month hold period commencing from the date of their issuance.

Millrock President & CEO Gregory Beischer commented: “We are pleased to have sold these projects to Riverside. We are bringing greater focus back to Alaska, and Riverside should be able to make good use of the database we have transferred to them. Ultimately we feel confident that Riverside will be able to find funding partners for the projects. If exploration on those projects is successful, Millrock shareholders will benefit from the portfolio of retained royalty interests.”  

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 recognized as the premier generative explorer in Alaska, holds royalty interests in British Columbia, Canada and Sonora State, Mexico and is a significant shareholder of junior explorer ArcWest Exploration Inc. 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: EMX Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside.

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 (within the meaning of Canadian securities legislation) including, without limitation, management’s expectation of completing the sale of certain assets in Mexico to Riverside and future exploration of the claims sold. 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 customary risks of the resource industry.

Millrock Stakes Additional Claims In The Goodpaster Gold District, Alaska

Key Highlights:

  • Millrock stakes an additional 143 claims covering 9,235 hectares in the Goodpaster Mining District within the Tintina Gold Province in Alaska; the Goodpaster Project now encompasses 1,176 claims covering 66,050 hectares (66 square kilometers).

  • North Pogo claims cover favourable structures and stratigraphy on the north side of the Goodpaster Batholith, similar to those at the Pogo Gold Mine, on the south side of the batholith.

  • Divide claim block covers gold occurrences and geochemically anomalous zones along the Black Mountain structural corridor.

  • Funding for staking provided by EMX Royalty Corporation; Millrock to grant royalties to EMX.

Figure 1: Soil & Stream Sediments in the Goodpaster District

Figure 1: Soil & Stream Sediments in the Goodpaster District

VANCOUVER, BRITISH COLUMBIA, May 22, 2019 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock" or the “Company”) reports that it has staked two more blocks of claims in the Goodpaster Mining District in Alaska. These claims are in addition to a very large block of claims staked by the company, as announced here on April 24, 2019. Millrock’s claim holdings in the Goodpaster Mining District, home of the Pogo Gold Mine operated by Northern Star Resources (“Northern Star” ASX:NST), now includes 1,176 claims covering 66,050 hectares in three discrete tracts. The new blocks are named North Pogo and Divide.

Christopher Van Treeck, Millrock’s Senior Project Geologist commented, “It is surprising that there has been so little exploration conducted over what we now call the North Pogo project. If Goodpaster Batholith related plutons can produce the gold deposit currently being mined at Pogo on the batholith’s south side, there is equal potential to form gold deposits on the north side. We see great structural preparation of the rocks at North Pogo. The Alaska Division of Geological and Geophysical Surveys has mapped low-angle faults within the Millrock claim block and the Pogo Gold Mine is hosted in a similar, regional, low-angle structure.”

At the Divide block, 67 claims were staked to cover gold occurrences and pathfinder element soil and stream sediment anomalies. This data was obtained by Millrock when it purchased claims and information from Corvus Gold in 2015, as announced here. The Divide claim block is adjacent to the Tibbs property being explored by Tectonic Metals, a private Vancouver-based junior company. The team at Tectonic Metals have had success at the Coffee Project in a similar belt of rocks in nearby Yukon. The claims are also close to Newmont’s Healy claim block, which is currently under option to, and being explored by, Kenorland Minerals, a private Vancouver-based junior company that has Yukon ties.

Millrock President & CEO Gregory Beischer commented: “It is good to see that the successful Yukon explorers are now recognizing there is great potential on the Alaska side of the Tintina Gold Province, and the Goodpaster Mining District in particular. We welcome the competition. With increased exploration activity gold deposit discoveries are more likely, and this will benefit all of Alaska, as well as Millrock shareholders.  

The claims were staked with funding provided to Millrock from EMX Royalty Corporation (TSX-V: EMX, NYSE – American: EMX) (“EMX”) pursuant to a strategic investment. Millrock will grant certain royalty rights to EMX on the recently staked claims which are in addition to the royalties being granted to EMX on other recently staked claims and some of the pre-existing Millrock claims as described in Millrock’s press release dated April 24, 2019.

Cautionary Statement
The Company cautions that the mineralization at the Pogo mine is not necessarily indicative of the mineralization that may be identified on the property, and there is no certainty that significant mineralization similar to that found at the Pogo mine will be identified on the property. 

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, 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: EMX Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside. Millrock is a major shareholder of junior explorer ArcWest Exploration Inc. and holds a portfolio of exploration project royalty interests.

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 (within the meaning of Canadian securities legislation) including, without limitation, management’s expectation of exploring on the claims staked in the Goodpaster Mining District and that other valuable, high-grade gold discoveries like the Pogo Gold Mine should be present.  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, Millrock’s ability to raise funds needed to perform additional exploration on the claims staked and customary risks of the resource industry.

Millrock Announces Private Placement Closed

VANCOUVER, BRITISH COLUMBIA, April 25, 2019 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock" or the “Company”) reports it has closed the private placement with EMX Royalty Corporation announced on April 24, 2019.  A total of 7,142,857 units at a price of $0.14 per unit have been issued for gross proceeds of $1,000,000.  Each unit consisted of one common share of Millrock (a “Unit Share”) and one share purchase warrant (a “Warrant”). 

Each Warrant entitles the holder to purchase one additional common share of Millrock until December 14, 2021 at an escalating exercise price ($0.14 until December 14, 2019; $0.17 from December 15, 2019 until December 14, 2020; and $0.20 from December 15, 2020 until December 14, 2021). The Warrants also contain an accelerated exercise provision. If Millrock’s shares have traded at or above $0.20 per share for 20 consecutive trading days, Millrock may give notice that the Warrants will expire if not exercised within 30 days of receipt of such notice by EMX.

The common shares issued under the Private Placement and any common shares issued pursuant to exercise of Warrants are subject to a hold period and may not be traded until August 26, 2019. The Private Placement includes a further restriction on resale on half of the Unit Shares until the first anniversary of the investment, and an anti-dilution clause entitling EMX to subscribe for additional shares in any future financings to maintain its existing percentage ownership of Millrock. 

A portion of the proceeds from the Private Placement will be used for land acquisition and exploration in the Goodpaster Mining District, Alaska, and another portion will be used for general corporate purposes.

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, 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: EMX Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside. Millrock is a major shareholder of junior explorer ArcWest Exploration Inc. and holds a portfolio of exploration project royalty interests.

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 (within the meaning of Canadian securities legislation) including, without limitation, management’s expectation that it will acquire further mineral rights and advance exploration in the Goodpaster Mining District and that it is expected that further gold deposits will be discovered in the Goodpaster Mining District. 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, Millrock’s ability to raise funds needed to perform additional exploration, the results of further exploration and development of the Goodpaster Mining District projects and customary risks of the resource industry.

Millrock Announces Strategic Investment By EMX Royalty Corporation – Goodpaster Gold District, Alaska

Millrock Resources Inc. reports that EMX Royalty Corporation has agreed to make a $1,000,000 equity investment in Millrock through a private placement financing. The subscription price represents a significant premium to Millrock’s current market price. In return for the premium financing, Millrock has agreed to grant certain royalty interests to EMX.

Millrock Announces Drilling Results From La Navidad Gold Project, Sonora State, Mexico And Corporate Developments

VANCOUVER, BRITISH COLUMBIA, January 29, 2019 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock" or the “Company”) reports that results from a drilling program completed at the La Navidad gold project in Sonora State, Mexico have been received. The program focused on the northwestern portion of the project. Four holes were drilled at El Tigre prospect, where gold had been detected by soil sampling in the vicinity of historic mine workings. The drill holes tested induced polarization geophysical anomalies and northwest-trending high-angle structures that appear to control mineralization observed at surface. Four further holes tested El Chupadero prospect where alteration (decalcification and jasperoid replacement of limestone) pointed to the possibility of an intrusion-related gold deposit. In total, eight holes totaling 1,844 meters were drilled in the program. The exploration work was funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”).

The drilling results were generally disappointing. Only a few weakly anomalous gold values were returned. The alteration and mineralization observed at surface appear to weaken in the subsurface. It does not appear that further exploration work on these prospects is warranted.

Millrock has received notification from Centerra that it is terminating the option to joint venture agreements on both La Navidad and El Picacho gold projects.

Millrock President & CEO Gregory Beischer stated “Millrock thanks Centerra for the investment they made in advancing these projects. While Centerra has elected to leave, we strongly believe the projects have excellent technical merit. We think they will be attractive to mid-tier or smaller mining companies. Our intention is to seek out new funding partners, but at the same time we will have to balance the cost to hold to La Navidad and El Picacho concessions in the face of Millrock’s currently limited cash position.” 

Corporate Developments: PolarX Shares and Cash Position
Millrock recently sold 10 million PolarX shares for A$475,000. While Millrock continues to be a strong believer in the Alaska Range Project, given Millrock’s relatively weak cash position it made sense to sell the shares. Millrock continues to be entitled to a production royalty, an advanced minimum royalty, and certain milestone payments.

Gregory Beischer, Millrock President and CEO stated, “Equity markets continue to be very tight. Millrock has to be extremely careful with its remaining funds. Management is cutting costs in all ways possible while the technical team works diligently to secure new funding partners. It is management’s view that securing new partnerships will be the best way for the Company to reduce overhead costs. The Company has an excellent portfolio of gold and copper projects but there is a cost to hold un-partnered projects until new partners are secured. Given the continued weakness of Millrock’s cash position (approximately C$790,000, as of today’s date, net of near-term accounts receivable and payable), the Company is considering all possible alternatives to move forward, including divestiture of Mexico projects and other assets.”

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (“QA/QC”) standards. For the La Navidad drill program drill core samples were kept in a secure location at all times. Rock samples were assayed at the Bureau Veritas laboratory in Hermosillo, Mexico. Preparation and analysis methods are described in further detail here. The sample preparation method code being utilized for the current rock sampling program was PRP70-250. Analysis methods used include FA430 (30 gr/Fire Assay/ICP) and AQ-200 (Aqua Regia – ICP/MS). For every 20 rock samples a blank sample known to contain less than 3 parts per billion gold or a standard sample (Certified Reference Materials) of known gold concentration, or a duplicate sample was also analyzed. The qualified person is of the opinion that the results received from the laboratory for the samples in collected in this drill program 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, 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 explorer 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 (within the meaning of Canadian securities legislation) including, without limitation, the statement that is management’s view that securing new partnerships will be the best way for the Company to reduce overhead costs. 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 ability of Millrock to negotiate agreements with third parties to fund exploration programs on terms beneficial to the Company.

Millrock Closes Tranche 2 of Private Placement

Not for distribution to United States newswire services or for dissemination in the United States.

VANCOUVER, BRITISH COLUMBIA, December 14, 2018 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or “the Company") reports the non-brokered private placement announced on December 7, 2018 was oversubscribed and the Company raised a total of $1,044,500. A total of 3,445,000 units at a price of $0.10 per unit have been issued in Tranche 2 for gross proceeds of $344,500. Each unit consists of one common share of Millrock and one share purchase warrant (the “Unit Warrants”). Each Unit Warrant entitles the holder to purchase one additional common share at an escalating exercise price over a period of three years from the closing date as follows:

  • During the first year from the closing date the Unit Warrants are exercisable at $0.14 per share;

  • Thereafter, during the second year from the closing date, $0.17 per share; and

  • Thereafter during the third year from the closing date, $0.20 per share.

Finder’s fees of $600 and 6,000 Finder’s Warrants are payable to Sprott Private Wealth LP., in connection with this portion of the financing. 

The common shares issued under this financing and any common shares issued pursuant to exercise of Unit Warrants or Finder’s Warrants are subject to a hold period and may not be traded until April 15, 2019.

This financing is subject to receipt of TSX Venture Exchange acceptance.

Proceeds from the financing will be used for project generation and general corporate purposes. The financing is subject to final approval from the TSX Venture Exchange.

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, 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 Announces Private Placement Financing and Closes Tranche 1

VANCOUVER, BRITISH COLUMBIA, December 7, 2018 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or “the Company") announces that it plans to raise gross proceeds of up to $1,000,000 through a non-brokered private placement of up to 10,000,000 units (the “Units”) priced at $0.10 per Unit. Each Unit will consist of one common share and one share purchase warrant (the “Unit Warrants”). Each Unit Warrant will entitle the holder to purchase one additional common share at an escalating exercise price over a period of three years from the closing date as follows:

  • During the first year from the closing date the Unit Warrants will be exercisable at $0.14 per share;

  • Thereafter, during the second year from the closing date, $0.17 per share; and

  • Thereafter during the third year from the closing date, $0.20 per share.

 Finder’s fees of 6% cash and 6% finder’s warrants (Finder’s Warrants”) may be paid in connection with this financing. The Finder’s Warrants have the same terms as the Unit Warrants.

The Company reports it has closed a portion of the non-brokered private placement. A total of 7,000,000 units at a price of $0.10 per unit have been issued for gross proceeds of $700,000. Each unit consists of one common share of Millrock and one share purchase warrant (the “Unit Warrants”).  Each Unit Warrant entitles the holder to purchase one additional common share at an escalating exercise price over a period of three years from the closing date as follows:

  • During the first year from the closing date the Unit Warrants are exercisable at $0.14 per share;

  • Thereafter, during the second year from the closing date, $0.17 per share; and

  • Thereafter during the third year from the closing date, $0.20 per share.

 Finder’s fees of $38,400 and 384,000 Finder’s Warrants are payable to Red Plug Capital Corp. in connection with this portion of the financing. 

The common shares issued under this financing and any common shares issued pursuant to exercise of Unit Warrants or Finder’s Warrants are subject to a hold period and may not be traded until April 8, 2019.

This financing is subject to receipt of TSX Venture Exchange acceptance.

Proceeds from the financing will be used for project generation and general corporate purposes. The financing is subject to final approval from the TSX Venture Exchange.

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, 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 Announces New Drilling Program at La Navidad Gold Project, Results From El Picacho Gold Project, Sonora State, Mexico, and General Corporate Update

VANCOUVER, BRITISH COLUMBIA, November 21, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that another drilling program is underway at the La Navidad gold project in Sonora State, Mexico. The program will focus on the northwestern portion of the project. Four holes are planned at the El Tigre prospect, where gold has been detected by soil sampling in the vicinity of historic mine workings. Northwest trending high angle structures appear to control mineralization. Three holes are planned to test the El Chupadero prospect where alteration (decalcification and jasperoid replacement of limestone) points to the possibility of an intrusion-related gold deposit. In total, seven holes totaling 1,500 meters are planned. The exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”).

At El Picacho, a drilling program consisting of 2007.8 meters in eleven holes was recently completed. Only narrow gold-bearing intersections were detected. The table below indicates core sample assay results exceeding 0.1 gram of gold per tonne.

 
Screen Shot 2018-11-20 at 5.40.01 PM.png
 

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (“QA/QC”) standards. For the El Picacho and La Navidad drill programs drill core and rock samples are kept in a secure location at all times. Rock samples are assayed at the Bureau Veritas laboratory in Hermosillo, Mexico. Preparation and analysis methods are described in further detail here. The sample preparation method code being utilized for the current rock sampling program was PRP70-250. Analysis methods used include FA430 (30 gr/Fire Assay/ICP) and AQ-200 (Aqua Regia – ICP/MS). For every 20 rock samples a blank sample known to contain less than 3 parts per billion gold or a standard sample (Certified Reference Materials) of known gold concentration, or a duplicate sample was also analyzed. The Qualified Person is of the opinion that the results reported in this press release are reliable.

PolarX Shares
Millrock recently sold 9,203,968 shares for A$497,014. While Millrock continues to be a strong believer in the Alaska Range Project, from an overall corporate standpoint it made sense to realize some profit, while still retaining significant upside exposure for shareholders. Millrock continues to hold 10,000,000 shares of PolarX and is entitled to a production royalty, an advanced minimum royalty, and certain milestone payments.

Liberty Bell Project
A wholly – owned subsidiary of Kinross Gold Corporation has provided notice to Millrock that it will terminate its option on the Liberty Bell project. The termination will be effective December 8, 2018. Millrock intends to seek another partner to test by drilling the numerous targets that have been developed by Kinross and Millrock over the past two years. Millrock thanks Kinross for the investment it has made and its technical contributions to the project.

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, 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 Drilling Program Under Way At El Picacho Gold Project, Sonora State, Mexico

VANCOUVER, BRITISH COLUMBIA, October 5, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that drilling is in progress at the El Picacho gold project in Sonora State, Mexico. A series of ten holes totaling 2,000 meters has been approved and is being funded by Centerra Gold Inc. (“Centerra”) under an option to joint venture agreement. The program has been designed to test geological targets identified through soil and rock sampling, geophysical surveys, and trenching. The drill holes will test the Placeres prospect, one of several prospect areas identified by the joint technical teams over the past year. The project targets orogenic gold deposits, similar in nature to the nearby San Francisco gold mine, which is operated by Alio Gold Inc. The El Picacho project, located in Sonora State, Mexico, is located approximately 80 km north of the City of Hermosillo, and is accessible by paved highway and gravel roads.

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 Reports Drill Intersections

VANCOUVER, BRITISH COLUMBIA, October 1st, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") announces that PolarX Mining Inc. (“PolarX”) (ASX: PXX) has reported additional assay results for 2018 from drilling at the Zackly copper-gold deposit within its Alaska Range Project.

The following two drill intersections are from hole ZX-18020 and ZX-18024:

Screen Shot 2018-09-30 at 12.27.31 PM.png

Both holes were drilled on the same section 850 meters east of the Zackly copper-gold-silver skarn deposit. ZX-18024 was drilled to undercut hole ZX-18020 by approximately 40 meters. The mineralization begins just below surface and appears to be gently dipping at around 20 degrees. If the interpretation is correct the drilled intersections are close to true width. The mineralization is hosted in skarn displaying relict bedding and occurs in quartz-sericite veining and is open along strike and down dip. Further details with a map and cross section can be found in the September 25, 2018 announcement made by PolarX, which is available on their website. 

The next two drill intersections are from hole ZX-18023 and ZX-18025:

These intersections include an uncut assay grading 27.3% Cu over a narrow interval of 0.3 meters between 56.7 meters and 57.0 meters.

These intersections include an uncut assay grading 27.3% Cu over a narrow interval of 0.3 meters between 56.7 meters and 57.0 meters.

Both holes were drilled on the same section, 350 meters east of the Zackly copper-gold-silver skarn deposit. ZX-18025 was drilled too intersect approximately 40 meters beneath the mineralization intersected in hole ZX-18023, which confirmed the intersection of historic hole Z86. The intersections indicate steeply dipping, high-grade copper-gold mineralization like that observed in the Zackly deposit. The mineralization is of the magnetite skarn variety with copper sulfides occurring as disseminated and vein-hosted chalcopyrite and bornite. Given the near-vertical orientation of the mineralized zone, the true width is interpreted to be about 65% to 70% of the drill interval indicated in the table above. Further details with a map and cross section can be found in the September 20, 2018 announcement made by PolarX, which is available on their website.

Exploration at the Alaska Range Project is being done by Millrock on behalf of PolarX. Millrock presently owns 6.44% of the issued and outstanding PolarX shares and is entitled to certain milestone and royalty payments on portions of the project. 

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. Drill core samples are kept in a secure location at all times. Representative half core samples were collected and assayed at ALS Chemex laboratories in Vancouver, Canada and Reno, Nevada, USA, after being prepared at the preparatory laboratory in Fairbanks, Alaska, USA. Gold was analyzed by Fire Assay (specifically ALS code Au-AA25 - Au by fire assay and AAS using a 30 gram nominal sample weight). Other elements (33 in total including copper) were analyzed using ALS method code ME-ICP61 which involves a four-acid digest and an ICP-MS finish. Over range (Cu >= 1%) was analyzed using ALS method code ME-OG62 which involves a four-acid digest and an ICP-AES or AAS finish. The following QA/QC protocols have been adopted for this program: 1) Blank samples and Standards – Certified Reference Material (CRM’s) account for approximately 10% of core samples submitted to the laboratory, 2) QA/QC samples are spaced no more than ten samples apart, 3) geologists instruct the lab to run clean rock through equipment immediately following samples containing visible native gold and / or copper, and 4) the laboratory prepares coarse crush and fine pulverized duplicate samples and analyzes the duplicates. All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date. 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 Ltd. 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.