Millrock Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA, October 9, 2007 - Millrock Resources Inc. (MRO - TSX:V) intends to complete a non-brokered private placement consisting of up to 3,600,000 units at a price of $0.45 per unit for gross proceeds of up to $1,620,000.  Each unit shall consist of one common share of Millrock and one-half of one share purchase warrant, each whole warrant entitling the holder thereof to purchase one additional common share at a price of $0.75 for a period of twelve months from the closing date and at a price of $1.00 for the following twelve months. Finders fees of 7% of the units sold may be payable in shares or cash on a portion of the financing to finders who assist in the placement, as permitted under applicable securities laws.  In addition, any brokerage firms participating as finders may receive, as additional compensation, non-transferable share purchase warrants entitling the holder thereof to purchase such number of common shares in the capital of Millrock that equals an aggregate of 7% of the number of units sold by the brokerage firm (the "Broker's Warrants).  Each such Broker's Warrant shall entitle the holder thereof to purchase one additional common share at a price of $0.45 for a period of twelve months from the closing date.

Proceeds from the financing will be used for property acquisitions, exploration expenditures on Millrock's Alaska projects and for general working capital.

ABOUT MILLROCK RESOURCES INC.
Millrock Resources Inc. is a TSX Venture Exchange listed company focused on exploration of mineral deposits in Alaska.  We view Alaska as a highly prospective, largely underexplored region, which boasts several world class deposits.  Millrock's goal is to target similar type deposits, through acquiring and exploring land packages that have the potential to host mineral deposits of global significance. To date, Millrock has acquired four promising projects, and intends on making further key acquisitions.  The company has recently completed drilling programs at its Divide and Inmachuk projects on the Seward Peninsula in western Alaska.

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

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

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

FORWARD LOOKING STATEMENTS
Some statements in this news release contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."