TSX.V:MRO: $0.35 (0.00)
OTCQX:MLRKF: $0.35 (0.00)
Millrockresources Inc Home Corporate Projects News Investors Contact
Growth through Discovery in Alaska
button
button
button
button
button
button
button

 

Enter your email address to subscribe to our mailing list

 

For further information send your inquiry by email
info@millrockresources.com

Millrock Grants Stock Options


VANCOUVER, BRITISH COLUMBIA, January 31, 2012 - Millrock Resources Inc. (MRO - TSX.V) ("Millrock" or the "Company") has granted a total of 215,000 stock options under the Company's stock option plan to employees. The options are exercisable at $0.475 per share for a period of five years.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorer Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164                  
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place
Vancouver, BC V6C 3E1

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

Millrock Announces Termination of Option on Cristo Property, Kahiltna Region, Alaska


VANCOUVER, BRITISH COLUMBIA, January 12, 2012 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today that the option agreement dated October 14, 2010, as amended, with Brixton Metals Corp. ("Brixton"), concerning the Cristo Property in the Kahiltna region of south-central Alaska, has been terminated.  The property, which was increased in size to 328 claims while Brixton held its option, has been returned to Millrock's control.  Additionally, Brixton has transferred to Millrock ownership of a 100% unencumbered interest to 457 other State of Alaska mining claims in the Kahiltna region, which are adjacent to Millrock's Cristo, Estelle and Diston Plutons projects, and the Whistler project owned by Kiska Metals Corporation (KSK – TSX-V).

Millrock President & CEO Gregory Beischer stated, "While we are disappointed that Brixton will not fund further exploration of the Cristo property, Millrock has, as a result of the transaction, now amassed an enormous land position covering high priority targets in the emerging Kahiltna mineral district."

Click here for a map showing Millrock's Kahiltna District land holdings, Alaska.

Millrock now has four large, discrete claim blocks in the Kahiltna District.  The area is known to host porphyry copper-gold deposits and has potential for discovery of intrusion-related gold deposits.  Each is briefly described below:

Estelle:  This project consists of 463 claims (28,230 ha or 109 sq mi) which are the subject of an option agreement with Teck American Inc. ("TAI").  TAI may earn a maximum 65% interest in the optioned claims.  Drilling funded by TAI in 2011 resulted in the discovery of intrusion related gold mineralization over broad core intervals.  At Oxide Ridge in the north part of the claim block hole SE-001 returned 0.43 g/t Au over 365.3 m (true width not known), as previously reported in a press release dated November 9, 2011 .  Millrock and Teck are presently formulating 2012 exploration plans for the project. 

Cristo:  The project has potential for gold-enriched porphyry-style copper-gold deposits and intrusion-related gold deposits.  Exposures of copper and gold mineralization have been discovered at surface by Millrock over a wide area.  Several targets are ready to drill.  Millrock will seek a new partner to jointly fund work on the Cristo property which now consists of claims. 

Distin Plutons:  Millrock has identified gold mineralization at surface on this project.  In 2011, exploration crews discovered gold in structurally controlled zones.  Soil and talus fines sampling detected an anomalous area over one km in length.  This is an early stage project that requires more surface work to develop drill targets.  Along with the new claims that have been transferred by Brixton, the property now consists of 544 claims covering an area of 35,220 ha or 135 sq mi. 

Revelation:   A large multi-element stream sediment anomaly led Millrock to this project site.  Soil samples collected on the slopes in the claim area are strongly anomalous in gold over a 600 m length.  A large iron-stained zone hosting a variety of intrusive rocks with strong quartz stockwork veining is exposed near the toe of a receding glacier.  There is potential for discovery of a porphyry-style copper-gold deposit on the claims.  Millrock seeks a partner to earn an interest in the project.

Gregory A. Beischer, President & CEO of the Company and a Qualified Person (QP) as defined by NI 43-101, prepared this news release and has verified the data disclosed.  A quality control and quality assurance program was in place for analytical work, and the QP has personally inspected the project sites and data reported upon in this press release.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry.  In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorer Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164                  
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place
Vancouver, BC V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to the planned 2012 exploration program and budgets and expenditures for Millrock's exploration efforts at the Estelle project.  These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.  Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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

Millrock Reports Amendment of Terms of Option to Earn 100% Interest in Uncle Sam Gold Project, Alaska


VANCOUVER, BRITISH COLUMBIA, January 6, 2012 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") reports that the option agreement between the Company and Crescent Resources Corp. ("Crescent") dated December 15, 2010 (the "Option Agreement"), pursuant to which the Company granted Crescent an option to acquire a 100% interest in Millrock's interest in the Uncle Sam gold project located in Alaska, has been amended. The amendment extends the timing of certain required share issuances to Millrock and provides an anti-dilution provision in favour of Millrock. The amendment has been approved by the TSX Venture Exchange.

The requirement under the original Option Agreement to issue such number of common shares of Crescent (the “Crescent Shares”) to Millrock which would result in Millrock owning 18% of the issued and outstanding Crescent Shares by the first anniversary of the effective date of the Option Agreement, has been amended such that Crescent is now required to issue 1,500,000 Crescent Shares by the first anniversary of the effective date of the Option Agreement and 2,600,000 Crescent Shares by the earlier of (a) the second anniversary of the effective date of the Option Agreement or (b) the date upon which Crescent elects to exercise the option.  In addition, Millrock has been granted the right to participate in any future equity financing of Crescent to maintain the same equity interest it holds in Crescent immediately prior to such equity financing.  The anti-dilution provision will expire if Millrock drops below a 7% interest in Crescent.

The 1,500,000 Crescent Shares referred to above have been issued at a deemed price of $0.08 per share. Millrock also owns an additional 1,583,281 Crescent Shares. The 3,083,281 Crescent Shares directly owned by Millrock represent approximately 10.6% of the issued and outstanding common shares of Crescent. A copy of the early warning report required to be filed with the applicable securities commissions in connection with Millrock's acquisition of the Crescent Shares described in this news release will be available for viewing under Millrock's profile at www.sedar.com.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorer Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164                  
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Reports Additional Drill Results From Estelle Project, Alaska


VANCOUVER, BRITISH COLUMBIA, December 8, 2011 - Millrock Resources Inc. (TSX-V: MRO) (“Millrock” or the “Company”) announced today results from drilling at the Shoeshine, Shadow and Discovery prospects of the Estelle gold property northwest of Anchorage, Alaska.  The work is being managed by Millrock on behalf of Teck American Incorporated ("Teck American"), a subsidiary of Teck Resources Limited (“Teck”), which has the option to earn up to a 65% interest in the project from Millrock.

Hole SE-002 was drilled to a depth of 388.8 m (azimuth 260°, dip -70°) to test below gold mineralization at surface from the Shoeshine prospect.  Variably altered rock with quartz veins and stockworks were intersected over much of the length of the hole.  The best assay interval in the hole was from 118.8 m to 360.6 m (241.8m) averaging 0.24 g/t gold.  This interval included two higher grade intersections.  From 233.0 m to 241.3 m an 8.32 m intersection graded 1.18 g/ t gold, and from 313.5 m to 319.3 m a 5.82 m intersection graded 1.62 g/t gold.  Gold values in the core are associated with arsenopyrite, and minor chalcopyrite.  Sulfides were seen in narrow veins and veinlets and disseminated in small grains throughout the intrusive rocks.  The multitude of vein orientations precludes determination of the true width on any particular intercept.

Hole SE-003 was drilled to a depth of 367.5 m (azimuth 234°, dip -60°) to test the Shadow prospect.  The entire hole, from 3.1 m to 367.5 m (364.4m) averaged 0.17 g/t gold.  The upper portion of the hole contained the strongest mineralization.  A 139.0 m zone from 3.1 to 142.1 m graded 0.4 g/t gold.

Hole SE-004 was drilled to a depth of 379.9 m (azimuth 050°, dip -60°) to test the Discovery prospect. The hole was drilled to test gold-bearing structures observed at surface.  Several zones with elevated gold values were intersected, but no high grade values were obtained.

Along with the drilling program, Millrock’s exploration further evaluated and sampled a variety of other potential drill targets on the property. Excellent progress was achieved with the identification of new gold prospects that will be proposed for drilling in 2012.

The property is adjacent to Kiska Metals Corp.'s Whistler copper-gold deposit and in the same assemblage of rocks that hosts Northern Dynasty/Anglo American's giant Pebble copper-gold-molybdenum-silver deposit.  Geologic features, and extensive surface geochemical anomalies at Estelle, indicate the potential for large, bulk-minable, reduced-intrusion-related or porphyry-style deposits. Six main zones of large-scale anomalous gold and pathfinder element geochemistry have been identified over the past two years at the Shoeshine, Shadow, Train, Oxide Ridge, RPM and Stoney prospects. At the Shoeshine and Oxide Ridge prospects surface mineralization is spatially associated with porphyritic intrusive rocks, quartz stockworks and hydrothermal breccias.  At RPM rusty, pyritic, hornfelsed sediments with anomalous gold indicate the potential for an auriferous intrusion at a shallow level.  The Stoney prospect is a high-grade, polymetallic vein occurrence located near a strong, circular magnetic high pointing to the possibility of nearby porphyry mineralization.

The 2011 exploration drill program and sampling protocol has been reviewed, verified and compiled by Millrock's geologic staff.  All work was supervised directly by Philip St. George, Millrock’s Chief Exploration Officer.  A rigorous QAQC protocol was used on the project, including insertion of blank, duplicate and standard reference samples per every 20 samples delivered to the assay lab.  Drill cores were split lengthwise and half of the core was collected as a sample and placed in a sealed bag.  All drill core samples were securely shipped to ALS Chemex Labs in Fairbanks, Alaska for preparation, with fire assay and multi-element ICP analyses done at ALS Chemex Labs facility in Reno, Nevada.  Duplicate core samples were collected by quarter-splitting drill cores.  Low repeatability of results was obtained from the duplicate sample QAQC work, indicating a possible “nugget effect”.  Further assaying work will be done to investigate this issue and if there are significant changes, an update of results will be published. 

Presently, Millrock owns a 100% interest in the property.  The agreement between Millrock and Teck American grants two options, and was initially announced on February 14, 2011.   The first option grants Teck American the right to earn an initial 55% interest in the project by incurring exploration expenditures totaling US$3.6 million.  Upon meeting the requirements of the first option, Teck American would then have the right to proceed to the second option that would allow it to earn an additional 10% interest, for a total 65% interest by incurring an additional US$5 million in exploration expenditures and making cash payments to Millrock of US$400,000.  Portions of the property are subject to third-party royalties.

The technical information in this news release was reviewed and approved by Gregory Beischer, Millrock's President and Chief Executive Officer, 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.  In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona.  With funding primarily coming from its joint venture partners, Millrock is on track to carry out exploration programs with a total value of more than US$15 million in 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164                  
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to the planned 2012 exploration program and budgets and expenditures for Millrock’s exploration efforts at the Estelle project.  These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.  Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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

Millrock and Vale Commence Drilling at Galiuro Copper Project, Arizona


VANCOUVER, BRITISH COLUMBIA, November 28, 2011 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today that drilling has re-commenced at the Galiuro project in Arizona.  Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. ("Vale"), is funding the work as part of an earn-in agreement signed in 2009.

This phase of the drilling program will focus on the Fourmile target.  A circular magnetic feature ringed by a strong conductive zone as identified by a ZTEM airborne geophysical survey is targeted.  Intense argillic alteration is known from rock exposures and prior drilling on the west side of the structure.  Millrock has pre-collared the hole to a depth of 453 m using a reverse circulation drill.  At 427 m leach cap rocks with abundant hematite in Laramide - age andesite and quartz porphyritic intrusive rocks were identified in drill cuttings.  The leach cap indicates possible proximity to a porphyry copper deposit.  Depending on results, the hole may be drilled to 2,000 m depth.  A second hole may be drilled contingent upon results and budget.

The target at the Galiuro property is a large porphyry copper +/- gold deposit hidden beneath alluvium and Tertiary volcanic cover, similar in magnitude to the nearby Resolution deposit, which is being developed by Rio Tinto and BHP Billiton.  The property is situated at the intersection of the Resolution and San Manuel / Kalamazoo porphyry copper trends.  Because of the Tertiary volcanic cover, little exploration work has been previously done by other companies. Through careful geological mapping in combination with airborne magnetic and ZTEM geophysical surveys, Millrock has identified numerous targets that may represent porphyry deposits.  Prior drilling by Millrock and VEC resulted in the discovery of porphyry copper mineralization and alteration in Cretaceous-aged rocks hidden beneath Tertiary volcanic cover rocks.

VEC has the option to earn a 60% interest in the project through exploration expenditures totalling US$3.5 million and payments of US$850,000.  Upon completion of the current drill program, VEC will have expended at least US$3.5 million and will be in a position to exercise its option if it makes the remaining necessary cash payments.  VEC may earn an additional 10% interest, for a total of 70%, by funding a feasibility study.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry.  In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona.  With funding primarily coming from its joint venture partners, Millrock is on track to carry out exploration programs with a total value of more than US$15 million in 2011.  Business partners of Millrock include some of the leading names in the mining industry:  VEC, Kinross, Teck, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

About Vale S.A.

Vale is the world's second largest metals and mining company by market capitalization with its headquarters in Brazil. Vale reported revenues of US$46.481 billion and net earnings of US$17.264 billion as of December 31, 2010. Vale is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164              
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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 AND ACCURACY OF THIS RELEASE"

Millrock Intersects Intrusion-Related Gold System at Estelle Project, Alaska


VANCOUVER, BRITISH COLUMBIA, November 9, 2011 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") announced today results from drilling at the Oxide Ridge prospect of the Estelle gold property northwest of Anchorage, Alaska. The work is being managed by Millrock on behalf of Teck American Incorporated ("Teck American"), a subsidiary of Teck Resources Limited ("Teck"), which has the option to earn up to a 65% interest in the project from Millrock.

Hole SE-001 was drilled to a depth of 457.8 m (azimuth 050°, dip -75°) to test an induced polarization chargeability anomaly overlain by a coincident gold-arsenic soil geochemical anomaly. Millrock had previously discovered gold mineralization associated with structures and porphyritic dykes in bedrock at two locations each about 1.5 km away from the drill hole collar. Variably altered magmatic intrusive rock with quartz veins and stockworks were intersected over the entire length of the hole. From 10.18 m to 460.86 m (450.68 m) the hole returned a weighted average of 0.38 g/t Au (171 gram-meters).  Most of the mineralization was found from 31.79 m to 397.06 m and returned 0.43 g/t Au over 365.27 (157 gram-meters). The highlights of the composite intercepts using a 0.2 g/t cutoff are summarized in the table below.

Philip St. George, Millrock's Chief Exploration Officer stated: "We have intersected intrusion-related gold mineralization over a significant interval that includes some higher grade intercepts. The challenge now is to find the center of the system that has the grade needed for an economic deposit."

Hole ID From m To m Length m Au g/t g x m
SE11_001* 10.18 150.02 139.84 0.56 78.0
including 35.42 42.25 6.83 0.84 5.7
     " 49.83 62.79 12.95 0.70 9.1
     " 60.59 77.36 16.76 0.58 9.7
     " 81.96 95.10 13.14 0.76 10.0
     " 98.15 113.87 15.73 0.98 15.3
     " 98.15 111.19 13.05 1.13 14.7
     " 124.97 157.22 32.25 0.82 26.4
SE11_001 176.17 203.61 27.43 0.51 14.0
SE11_001 218.85 228.30 9.45 0.58 5.5
     " 221.59 228.30 6.71 0.76 5.1
SE11_001 252.89 264.26 11.37 0.49 5.6
     " 252.89 260.12 7.22 0.64 4.6
SE11_001 283.92 284.68 0.76 3.08 2.3
SE11_001 304.22 335.25 31.03 0.79 24.6
SE11_001* 312.63 412.49 99.85 0.44 44.0
     " 332.45 335.25 2.80 5.82 16.3
     " 351.13 373.47 22.34 0.37 8.2
     " 364.85 373.47 8.63 0.58 5.0
     " 383.13 397.06 13.93 0.46 6.4
     " 391.58 397.06 5.49 0.72 3.9
     " 403.86 412.49 8.63 0.54 4.6
     " 403.86 408.34 4.48 0.84 3.7
SE11_001 438.18 439.70 1.52 0.41 0.6
SE11_001 457.99 459.33 1.34 0.31 0.4

* Indicates interval had below cutoff intervals of >3m.

Gold in the core is associated with arsenopyrite, and minor chalcopyrite. Sulfides were seen in narrow veins and veinlets and disseminated in small grains throughout the intrusive rocks. The multitude of vein orientations preclude determination of the true width on any particular intercept.

An annotated photograph depicting the target location can be found at the following link:

http://millrockresources.com/images/uploads/EstelleSE-001-figures01.jpg

A map and cross section representing the drill hole and its results can be found at this link:

http://millrockresources.com/images/uploads/EstelleSE-001-figures02.jpg

Three further holes were drilled on the project to test the Shoeshine, Shadow and Discovery prospects which are located approximately 18 km to the south of Oxide Ridge. Results have been received, are being reviewed and will be published once Quality Control and Quality Assurance ("QAQC)" has been verified.

Along with the drilling program, Millrock's exploration further evaluated and sampled a variety of other potential drill targets on the property. Excellent progress was achieved with the identification of new gold prospects that will be proposed for drilling in 2012.

The property is adjacent to Kiska Metals Corp.'s Whistler copper-gold deposit and in the same assemblage of rocks that hosts Northern Dynasty/Anglo American's giant Pebble copper-gold-molybdenum-silver deposit. Geologic features, and extensive surface geochemical anomalies at Estelle, indicate the potential for large, bulk-minable, reduced-intrusion-related or porphyry-style deposits. Six main zones of large-scale anomalous gold and pathfinder element geochemistry have been identified over the past two years at Shoeshine, Shadow, Train, Oxide Ridge, RPM and Stoney. At the Shoeshine and Oxide Ridge prospects surface mineralization is spatially associated with porphyritic intrusive rocks, quartz stockworks and hydrothermal breccias. At RPM rusty, pyritic, hornfelsed sediments with anomalous gold indicate the potential for an auriferous intrusion at a shallow level. The Stoney prospect is a high-grade, polymetallic vein occurrence located near a strong, circular magnetic high pointing to the possibility of nearby porphyry mineralization.

The 2011 exploration drill program and sampling protocol has been reviewed, verified and compiled by Millrock's geologic staff. All work was supervised directly by Philip St. George, Millrock's Chief Exploration Officer. A rigorous QAQC protocol was used on the project, including insertion of blank, duplicate and standard reference samples per every 20 samples delivered to the assay lab. Drill cores were split lengthwise and half of the core was collected as a sample and placed in a sealed bag. All drill core samples were securely shipped to ALS Chemex Labs in Fairbanks, Alaska for preparation, with fire assay and multi-element ICP analyses done at ALS Chemex Labs facility in Reno, Nevada. Duplicate core samples were collected by quarter-splitting drill cores. Low repeatability of results was obtained from the duplicate sample QAQC work, indicating a possible "nugget effect". Further assaying work will be done to investigate this issue and if there are significant changes, an update of results will be published.

Presently, Millrock owns a 100% interest in the property. The agreement between Millrock and Teck American grants two options, and was initially announced on February 14, 2011 (found here). The first option grants Teck American the right to earn an initial 55% interest in the project by incurring exploration expenditures totaling US$3.6 million. Upon meeting the requirements of the first option, Teck American would then have the right to proceed to the second option that would allow it to earn an additional 10% interest, for a total 65% interest by incurring an additional US$5 million in exploration expenditures and making cash payments to Millrock of US$400,000. Portions of the property are subject to third-party royalties.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and Chief Executive Officer, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$15 million in 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Gregory A. Beischer
(604) 638-3164                  
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to the planned 2012 exploration program and budgets and expenditures for Millrock's exploration efforts at the Estelle project. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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

Millrock Announces Management Changes


Untitled Document

VANCOUVER, BRITISH COLUMBIA, October 19, 2011 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") reports that several management changes have been made.

Philip St. George, formerly Vice President of Exploration has been appointed Chief Exploration Officer, and will continue to lead the exploration teams, and the project generation group.

Sarah L. Whicker, formerly Vice President of Sustainable Development has been appointed Chief Operating Officer, assuming a broader role, but maintaining her focus on public and governmental relations, environment – health – safety, social responsibility and overall sustainability of the Company.

Dr. Adrienne Ross, formerly Vice President, Operations has resigned, and is no longer employed by the Company.  Her duties have been assumed by other officers and senior staff members of the Company.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona.  With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$15 million in 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Gregory A. Beischer
(604) 638-3164              
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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 AND ACCURACY OF THIS RELEASE”

Millrock and Vale Form Strategic Alliance for Copper-Gold Porphyry Deposit Exploration in Alaska


VANCOUVER, BRITISH COLUMBIA, October 17, 2011 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today that it has entered into a Strategic Alliance agreement with Vale Exploration Canada Inc., a wholly-owned subsidiary of Vale S.A. ("Vale").  The objective of the alliance is to discover large-scale copper - gold porphyry deposits in target zones of Alaska identified by Millrock.

Gregory Beischer, President & CEO of Millrock stated:  "We are very pleased to expand upon the business relationship previously established with this global mining company during the ongoing joint effort in Arizona.  Successful exploration of the Alaska frontier requires a sustained effort over time.  This new alliance will draw upon the technical abilities of both companies, maximize use of Millrock's geological database and local operational skill, and capitalize on the financial strength of Vale.  We look forward to a highly successful collaborative effort in the coming years".

Under terms of the agreement Vale will provide funding to Millrock for further research and early-stage exploration work to identify targets that may be nominated for Designated Project status.  The work is to be focused in specific, defined areas of interest in the Alaska Range and Alaska Peninsula porphyry belts.  Strategic Alliance funding will consist of a minimum US$1.0 million in the first year, and a further US$1.0 million at Vale's option in the second year.  Funding for the Strategic Alliance may continue in subsequent years at funding levels to be determined between the parties.  Once Millrock nominates a Designated Project, Vale will have 180 days in which to accept or decline the project.  If accepted, the mineral rights will be held in Millrock's name, but the Designated Project will become subject to an earn-in style Option to Joint Venture Agreement.  Multiple nominations for Designated Projects may be made by Millrock.  For Vale to earn a 65% interest in a Designated Project Vale will, at its option, expend US$3.5 million in exploration expenditures on the project over a three-year period, and pay Millrock US$200,000. Upon earning its initial interest, Vale may elect to carry the full cost of further exploration and development until a positive feasibility study has been completed, and thereby earn an additional 10% interest for a total 75% joint venture interest.  Further development of such Designated Properties would proceed with the parties contributing on a pro-rata basis.  In the event that a joint venture party dilutes below a 10% interest, such interest would convert to a Net Smelter Returns royalty of 2% on gold, silver, platinum, palladium and rhodium and 1% on all other metals.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry.  In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona.  With funding primarily coming from its joint venture partners, Millrock is on track to carry out exploration programs with a total value of more than US$15 million in 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Vale, Kinross, Teck, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

About Vale S.A.

Vale is the second-largest metals and mining company in the world and one of the 25 largest publicly traded companies in the world.  Vale is the world's largest producer of iron ore and iron ore pellets and the world's second largest producer of nickel.  Vale also produces manganese ore, ferroalloys, copper, thermal and coking coal, cobalt, platinum group metals and fertilizer nutrients.  To support Vale's growth strategy, the company is actively engaged in a mineral exploration program, with efforts in 24 countries around the globe.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164              
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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 AND ACCURACY OF THIS RELEASE"

Millrock Provides Update of Exploration Activities and Results


VANCOUVER, BRITISH COLUMBIA, September 13, 2011 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") is pleased to provide an activity update for its exploration projects in Alaska and Arizona. The 2011 drilling programs have been, or are being executed on six different projects; this includes three projects in Alaska and three projects in Arizona. Surface work and prospecting continued at the Company's other projects in anticipation of drilling programs for 2012. Millrock's exploration expenditures for the year are on track to exceed $15 million, with 90% of the funding being provided by partner companies that are earning-in through option agreements. Keeping in line with its Project Generator business model, Millrock has continued to generate numerous high-quality projects throughout the year, and anticipates securing partners to fund exploration on these new projects. The following are highlights since the Company's last corporate update:

General:

Millrock continues to strictly and rigorously apply the Project Generator – Joint Venture business model upon which its business has been founded. As the exploration operator for most of the projects generated, Millrock receives management fees, as well as option agreement payments during the earn-in phase. These revenues largely offset overhead expenses. The Company currently has a strong balance sheet with adequate cash resources to continue its business operations for the foreseeable future.

Alaska

Uncle Sam Project, Tintina Gold Belt, Alaska (target – disseminated or vein-style intrusion-related gold deposit): Following on the winter auger drilling program, Millrock drilled nine holes, totaling 1,950 m at two main prospects, Lone Tree and Wolf. This work was completed in July, 2011. Exploration on Uncle Sam is being funded by Crescent Resource Corp. The Lone Tree drilling program targeted a 500 m by 250 m portion of a larger gold-in-soil anomaly measuring approximately 4,000 m by 1,000 m. Significant intersections from drilling at Lone Tree include 6.8 m of 1.01 g/ t gold and 33.8 m of 0.58 g/t gold. At the Wolf prospect, Millrock intersected 4.42 g/t gold over 11.4 m. The Wolf Prospect appears to be on strike with Sumitomo Metal Mining Co. Ltd.'s ("Sumitomo") recently discovered Naosi zone (Stone Boy Project) located approximately two km to the southeast. Drilling by Sumitomo at Naosi has returned intercepts up to 7.92 m averaging 7.8 grams per tonne gold and 19.7 grams per tonne silver (source Petroleum News, May 23, 2011). Millrock controls the mineral rights to most of the intervening land and, with its partner, is planning further drilling to test the Wolf – Naosi area.

Estelle Project, Kahiltna District, Alaska (target – large, intrusion-related gold deposit): Field geological and geochemical surveys were carried out starting on July 1, 2011. Drilling commenced several weeks later, behind schedule, and the program has just been completed. Teck American Inc. is earning in to the project by funding exploration. Four holes were drilled, totaling 1,500 m. At Oxide Ridge, an IP geophysical survey response located near gold mineralized outcrops, coincident with a large soil geochemical anomaly was explained by disseminated arsenopyrite and chalcopyrite in altered granodiorite. Sulfide mineralization was observed over the entire 450 m length of the hole with locally more intensely mineralized zones. Gold assay results from this hole are expected in a few weeks. At Shoeshine, highly altered granite and granodiorite rocks intruded by feldspar porphyritic dykes were intersected. The rocks contained arsenopyrite, chalcopyrite, pyrite and other sulfide phases over wide zones; assay results from this hole are also expected within a few weeks. The other two holes were drilled at the Shadow and Discovery prospects. The hole drilled at Shadow parallels and deepens a hole drilled previously by Cominco in the 1980s that intersected 3.01 g/t gold over 29.6 m and ended in mineralization at just 100 m depth. The analytical results for the Shadow and Discovery prospect drilling are expected to be available in approximately six weeks. Surface work has identified several previously unknown mineralized zones that may be the focus for drilling programs in the future.

Humble Project, Southwest Alaska (target – porphyry copper-gold deposit): The planned drilling program commenced in mid-August but has been problematic and has progressed poorly. Kinross Gold Corporation is funding exploration work to earn a majority interest in the project. Operations are continuing at this point but it remains to be seen whether any useful amount of drill core will be obtained. Surface geochemical sampling went very well and comprehensive coverage over the entire land package is completed.

Project Generation, Alaska: The Company invested approximately $1 million for regional project generation in 2011 and has staked seven new properties that it may soon offer to other companies for earn-in agreements. Work also continued on existing projects for which Millrock has not yet secured an earn-in partner. For these projects, such as Fortymile, a gold project situated at the Yukon border in a historic placer gold mining district, Millrock has developed numerous drill-ready targets.

Arizona

Galiuro Project, Arizona (copper porphyry):

Drilling of at least one hole to test the Fourmile target is about to commence. Vale Exploration Canada is funding exploration on the project to earn an interest in the claim group. In the spring of 2011, drilling at the Galiuro prospect detected extensive zones of porphyry alteration and mineralization. Numerous drill targets remain. For the immediate future, drilling will focus on the Fourmile prospect.

San Jose and Dry Mountain projects, Arizona (copper porphyry):

Drilling recently commenced in the northern part of the San Jose property where coincident magnetic and ZTEM anomalies were detected earlier in the year. Inmet Mining Corp. is funding work on this project to earn a majority interest. At least three holes totaling as much as 5,000 m are scheduled to be drilled in 2011.

Project Generation, Arizona:

During summer 2011, Millrock acquired the Rainville property, located in southeastern Arizona near the New Mexico border. The property is on an extension of the prolific Safford porphyry copper deposit trend. Millrock anticipates making an agreement with an earn-in partner soon, and will shortly thereafter commence geophysical surveys.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$15 million in 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including, without limitation, statements as to the planned 2011 and 2012 exploration program and budgets for Millrock's exploration efforts in Alaska and Arizona and that Millrock anticipates soon entering into an earn-in agreement relating to its Rainville property. 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, the success of exploration programs and the successful conclusion of negotiations towards an earn-in agreement relating to the Rainville property.

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

Millrock Announces Resumption of Drilling at San Jose Copper Porphyry Project, Arizona


VANCOUVER, BRITISH COLUMBIA, September 6, 2011 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") is pleased to report that it has started a second phase of drilling at its San Jose project in the Safford area of southeastern Arizona.  Inmet Mining Corporation (“Inmet”) is funding the drilling as part of an earn-in option agreement.  Millrock is operator.

Three holes will be drilled in the northern part of the San Jose claim block to test coincident magnetic high ZTEM conductor anomalies.  Six geophysical anomalies were identified during a recent airborne survey and three have been selected for this drill program. Based on the survey results, Millrock staked an additional 289 claims, substantially increasing the property holding.  The holes have been pre-collared using a reverse circulation rig, and will be completed with a core rig.  Hole depths may be up to 1,700 m each.

The San Jose project is positioned right at the intersection of the prolific Safford and Morenci porphyry trends. The Safford deposits, presently being actively developed by Freeport McMoran Copper & Gold, form a linear northwest striking trend. The San Jose project is located approximately six km from the Sanchez deposit at the southeast end of the Safford trend. Morenci is located approximately 30 km to the northeast. Together, Safford and Morenci account for approximately 10 billion tons of past copper production and future reserves and resources. A porphyry cell located on Millrock's claims was discovered by drilling done by Noranda Inc. in the early 1990s. ZTEM geophysical conductive zones surrounding magnetic highs are the primary target of the current drilling program.  The geophysical signature appears very similar to that reported over the Safford deposits.

The agreement with Inmet includes the Dry Mountain claim block, which is located 20 km to the southeast of San Jose on the Morenci Trend; a geochemical anomaly measuring approximately 10 km in diameter is present. The multi-element anomaly is strong in copper and molybdenum. The anomaly appears to emanate from coincident ZTEM-Mag signatures.  The area is completely covered in overburden. Millrock recently completed additional biogeochemical sampling and is formulating drill plans.

The San Jose and Dry Mountain projects are the subject of an option agreement with Inmet. Under the terms of the Agreement Inmet has the opportunity to earn a 70% interest in the two claim blocks, San Jose and Dry Mountain, by making US$4.0 million in exploration expenditures and by making option payments of US$300,000. 

Millrock's President & CEO Gregory A. Beischer is a Certified Professional Geologist and Mining Engineering Technologist and is a 'qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators.  Mr. Beischer prepared the information contained in this news release.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$15 million in 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Gregory A. Beischer
(604) 638-3164                  
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Announces Additional Drilling Results at Uncle Sam Gold Project, Alaska


VANCOUVER, BRITISH COLUMBIA, September 1, 2011 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") is pleased to report additional results from the first phase of drilling at the Uncle Sam gold project in the Tintina Gold Belt, Alaska. The project is located 65 km southeast of Fairbanks, Alaska, 60 km west of the Pogo Gold Mine and adjacent to a recent gold discovery reported by Sumitomo Metal Mining Co. Ltd. ("Sumitomo"). The work on Uncle Sam is being funded by Crescent Resources Corp. (TSX-V: CRC) ("Crescent"); Millrock is managing the exploration. Crescent has an option to purchase a 100% interest in Millrock's rights to the property subject to a royalty. Millrock presently owns approximately 5% of the issued and outstanding common shares of Crescent.

Lone Tree Prospect

Five diamond drill holes totaling 1,329 m were completed by Millrock at the Lone Tree prospect located in the northwest part of the Uncle Sam property in 2011. Drilling targeted a 500 m by 250 m portion of a larger gold-in-soil anomaly measuring approximately 4,000 m by 1,000 m Previous historical drilling by other operators in the general area returned encouraging results such as drill holes USC-011, which contained an intersection of 19.22 m averaging 2.03 g/t gold and USC-013, which contained 6.0 m averaging 1.79 g/t gold and 14.0 m averaging 1.65 g/t gold. The drilling program was designed to expand upon the area of known gold mineralization. A summary of significant results follows:

Drill Hole Azimuth Dip From (meters) To (meters) Interval (meters) Gold (g/t)
LT-001 180° -75° 112.68 119.48 6.80 1.06
LT-002 -90° 295.66 297.67 2.01 1.10
LT-003 180° -60° 74.58 78.33 3.75 1.12
LT-004 -90° 17.07 19.20 2.13 1.00
LT-005 -90° 59.44 93.27 33.83 0.58
Including     69.49 72.82 3.32 1.22
And     146.30 148.44 2.13 1.85

The listed gold intercepts at Lone Tree typically occur within thicker zones containing anomalous gold mineralization commonly associated with faults and fault zones. This is evident in LT-005 which intersected 33.83 m grading 0.58 g/t gold. Host rocks for mineralization include both metamorphic rocks (schist, gneiss) and, to a lesser extent, granitic intrusive rocks. Because the rock cores are badly broken and faulted it is not possible to determine the true width of the intersections.

The Lone Tree area is one of three main previously defined areas of anomalous gold-in-soil occurring within the Uncle Sam project area (Lone Tree, Christmas, Wolf). Previous drilling in 2011 by Millrock at the Wolf Prospect, located approximately 3.5 km south of Lone Tree, encountered intercepts up to 11.40 m averaging 4.86 g/t gold was announced on July 28th, 2011 (view here).

The Wolf Prospect appears to be on strike with Sumitomo's recently discovered Naosi mineralized zone (Stone Boy Project) located approximately 2 km to the southeast. Drilling by Sumitomo at Naosi has returned intercepts up to 7.92 m averaging 7.8 g/t gold and 19.7 g/t silver (view here).

Additional Work

Millrock also completed a property-wide soil geochemical survey in 2011 designed to obtain data in areas not previously sampled. Results are pending.

Agreement

Signed in January of 2011, the agreement with Millrock gives Crescent the exclusive option to earn a 100% interest in the Uncle Sam claim group in return for a cumulative US$2.5 million in exploration expenditures, US$300,000 in cash payments and Crescent share issuances to Millrock. Crescent has issued 1,583,281 common shares to Millrock and these shares represent approximately 5% of the currently issued and outstanding Crescent shares. If the earn-in agreement proceeds to December 31, 2011, Crescent will issue to Millrock that number of common shares to give the Company 18% of the issued and outstanding shares of Crescent on that date. Millrock may be entitled to receive more Crescent shares in the event that an independently verified gold resource is defined on the property. Millrock obtained rights to the Uncle Sam property by virtue of an agreement with Kiska Metals Corporation (TSX-V: KSK).

Millrock's President & CEO Gregory A. Beischer is a Certified Professional Geologist and Mining Engineering Technologist and is a 'qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators. Mr. Beischer prepared the information contained in this news release and has verified the data (including sampling and analytical data). All samples from the project were delivered by Millrock personnel to ALS Chemex, Fairbanks, Alaska. A quality assurance/quality control program has been implemented to ensure all core and sample handling procedures are in accordance with the best possible practices. The assay protocol includes the insertion of standards, blanks and duplicates into the sample stream. Mr. Beischer has verified the data by personally inspecting the drilling operations, core logging and sampling operations, the analytical preparatory laboratory, the analytical data, the supporting quality assurance/quality control data, and the calculation of composite intervals.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$15 million in 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164                  
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Commences Drilling at Estelle Gold Property, Alaska


VANCOUVER, BRITISH COLUMBIA, August 2, 2011 - Millrock Resources Inc. (TSX-V: MRO) (“Millrock” or the “Company”) announced today it has commenced drilling at its Estelle gold property northwest of Anchorage, Alaska. The work is being managed by Millrock on behalf of Teck American Incorporated ("Teck American"), a subsidiary of Teck Resources Limited (“Teck”), which has the option to earn up to a 65% interest in the project from Millrock.

The first round of drilling is planned to consist of six holes totaling approximately 2,500 m. Two holes will be drilled at the Oxide Ridge prospect, two holes at the Shoeshine prospect and one hole at each of the Shadow and Train prospects. All three prospects, Shoeshine, Shadow and Train, may be part of the same mineralizing system. Geochemical sampling done by Millrock and by Teck American in prior years indicates an abundance of gold mineralization in quartz veinlets and stockworks over a circular area measuring at least one km in diameter area. Historic exploration work at Shadow by Teck American includes a drill intersection of 3.0 g/t gold over 29.6 m and a chip sample grading 18.0 g/t gold over 9.9 m.

Along with the drilling program, Millrock’s exploration team is further evaluating and sampling a variety of other potential drill targets on the property. Excellent progress has been achieved during the first weeks of the program.

Commenting on the Estelle exploration program, Company President & CEO Gregory Beischer stated, “Over the past two field seasons Millrock has performed systematic surface exploration to arrive at this selection of high-quality drill targets. We look forward to testing our theories with this first round of drilling. Meanwhile, our exploration team continues to generate new and exciting targets across the property for testing in future years.”

The agreement between Millrock and Teck American grants two options, and was initially announced on February 14, 2011 (found here). The first option grants Teck American the right to earn an initial 55% interest in the project by incurring exploration expenditures totaling US$3.6 million. Completion of the planned 2011 exploration program, along with expenses already incurred, will result in Teck American earning its initial interest by the end of 2011, one year ahead of schedule. Upon meeting the requirements of the first option, Teck American would then have the right to proceed to the second option that would allow it to earn an additional 10% interest, for a total 65% interest by incurring an additional US$5 million in exploration expenditures and making cash payments to Millrock of US$400,000.

Geologic features, and extensive surface geochemical anomalies at Estelle, indicate the potential for large, bulk-minable, reduced-intrusion-related or porphyry-style deposits. Six main zones of large-scale anomalous gold and pathfinder element geochemistry have been identified over the past two years: Shoeshine, Shadow, Train, Oxide Ridge, RPM and Stoney. At the Shoeshine and Oxide Ridge prospects surface mineralization is spatially associated with porphyritic intrusive rocks, quartz stockworks and hydrothermal breccias. At RPM rusty, pyritic, hornfelsed sediments with anomalous gold indicate the potential for an auriferous intrusion at a shallow level. The Stoney prospect is a high-grade, polymetallic vein occurrence located near a strong, circular magnetic high pointing to the possibility of nearby porphyry mineralization.

Presently, Millrock owns a 100% interest in the property. Portions of the property are subject to third-party royalties. Located approximately 160 km northwest of Anchorage, Alaska the property is adjacent to Kiska Metals Corp.'s Whistler copper-gold deposit. Estelle is located in the Kahiltna Terrane, an assemblage of rocks that hosts Northern Dynasty/Anglo American's giant Pebble copper-gold-molybdenum-silver deposit.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$15 million in 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to the planned 2011 exploration program and budgets for Millrock’s exploration efforts at the Estelle project. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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

Millrock Announces Drilling Results at Uncle Sam Gold Project, Alaska


VANCOUVER, BRITISH COLUMBIA, July 28, 2011 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") is pleased to report results from the first phase of drilling at the Uncle Sam gold project in the Tintina Gold Belt, Alaska. The project is located 65 km southeast of Fairbanks, Alaska, 60 km west of the Pogo gold Mine and adjacent to a recent gold discovery reported by Sumitomo Metal Mining Co. Ltd. ("Sumitomo"). The work on Uncle Sam is being funded by Crescent Resources Corp. (TSX-V: CRC) ("Crescent"); Millrock is managing the exploration. Crescent has an option to purchase a 100% interest in Millrock's rights to the property subject to a royalty. Millrock presently owns approximately 5% of the issued and outstanding common shares of Crescent.

Wolf Prospect

The first phase of the current drilling program concentrated on the Wolf Prospect at the southern end of the claim block. Drilling targeted a very strong gold in soil anomaly measuring over 2,000 m in length and 1,000 m in width. Prior, historic drilling by previous explorers had returned encouraging results such as reverse circulation drill hole USRC-22, where an intersection graded 4.45 g/t gold over 15.54 m and USR - 055, which contained an interval of 13.72 m averaging 1.34 g/t gold. In the current program at Wolf a total of 621 m in four holes were drilled. The Wolf Prospect results confirm the presence of strong, near-surface gold mineralization and continuation along strike. A summary of significant results follows:

Drill Hole From meters To meters Interval - meters Gold g/t
WLF-001 41.76 44.50 2.74 3.63
WLF-002 35.66 47.06 11.40 4.86
WLF-003 57.00 60.05 3.05 3.27
WLF-004 48.77 50.90 2.13 1.81

Gold mineralization at the Wolf Prospect appears to strike in a northwest - southeast orientation with a gentle southwest dip, and is open to depth and in both strike directions. The mineralization appears to have the same orientation as a new gold zone recently announced by Sumitomo at their Stone Boy Project (view here: http://www.petroleumnews.com/mnarch/05-23-1.html), the new zone, called Naosi by Sumitomo, is located just 500 m southeast of the Uncle Sam project claim boundary and two km southeast of the Wolf zone. Sumitomo reports that the Naosi zone consists of a vein system continuous over at least a 1,500 m strike and 500 m in the down-dip direction. The zone includes a highlight intersection of 7.92 m averaging 7.8 grams per metric ton gold and 19.7 g/t silver. The proximity of the two zones, and the similar orientation along a controlling northwest trending structure suggests the possibility of a larger gold mineralized system.

Lone Tree Prospect

Five diamond drill holes have also been completed at the Lone Tree prospect which is located further to the northwest from the Naosi and Wolf prospects in the northern part of the Uncle Sam property. Assay results for these holes are awaited. Drilling targeted a very strong gold in soil anomaly that measures approximately 4,000 m in length and up to 1,000 m wide. Previous drilling by other operators has returned encouraging results such as drill holes USC-011, which contained an intersection of 19.22 m averaging 2.03 g/t gold and USC-013, which contained 6.0 m averaging 1.79 g/t gold and 14.0 m averaging 1.65 g/t gold. The drilling program was designed to expand upon the area of known gold mineralization. Results are expected soon.

Signed in January of 2011, the agreement with Millrock gives Crescent the exclusive option to earn a 100% interest in the Uncle Sam claim group in return for a cumulative US$2.5 million in exploration expenditures, US$300,000 in cash payments and Crescent share issuances to Millrock. Crescent has issued 1,583,281 common shares to Millrock and these shares represent approximately 5% of the currently issued and outstanding Crescent shares. If the earn-in agreement proceeds to December 31, 2011, Crescent will issue to Millrock that number of common shares to give the Company 18% of the issued and outstanding shares of Crescent on that date. Millrock may be entitled to receive more Crescent shares in the event that an independently verified gold resource is defined on the property. Millrock obtained rights to the Uncle Sam property by virtue of an agreement with Kiska Metals.

Millrock's President & CEO Gregory A. Beischer is a Certified Professional Geologist and Mining Engineering Technologist and is a 'qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators. Mr. Beischer has verified the data (including sampling and analytical data) and prepared the information contained in this news release. All samples from the project were delivered by Millrock personnel to ALS Chemex, Fairbanks, Alaska. A quality assurance / quality control program has been implemented to ensure all core and sample handling procedures are in accordance with the best possible practices. The assay protocol includes the insertion of standards, blanks and duplicates into the sample stream

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$15 million in 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to the planned 2011 exploration program and budgets for Millrock's exploration efforts in Alaska and Arizona. 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 AND ACCURACY OF THIS RELEASE”

Millrock and Vale Provide Update on Galiuro Project, Arizona


VANCOUVER, BRITISH COLUMBIA, July 26, 2011 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today that it is continuing with exploration at its Galiuro porphyry copper-gold property in southeastern Arizona.  A third phase of drilling is scheduled to resume in September 2011 along with additional geological mapping.   Phase two drilling was completed in May 2011 and results have now been received and are reported below.    The property is the subject of an earn-in agreement with Vale Exploration Canada Inc., a wholly-owned subsidiary of Vale S.A. ("Vale").  Vale is funding work on the property with Millrock conducting exploration operations.  

The Phase two drilling program consisted of two holes, and deepening of a hole originally drilled in 2010 for a total of 7,385 feet or 2,251 meters. 

Hole Gal-1002, originally drilled to a depth of 679.4 meters in 2010, was re-entered and deepened for a total depth of 1,279.3 meters.  In the original drilling, phyllic dominated alteration had been observed, along with minor copper mineralization and it was thought that a porphyry copper deposit may exist beneath the original foot of hole.  Upon deepening the hole, numerous zones of weak copper mineralization were intersected from 934.8 meters to 1,181.7 meters.  A potassic altered porphyry was cut from 1,002.5 to 1,068.6 meters and contained strongly elevated copper values including a zone that assayed 0.05% copper over 48.2 meters.  The mineralized intervals are shown in the table below.

HoleID: From m To m Interval m Cu_ppm Mo_ppm Au_ppb
Gal_1002 934.8 998.8 64.0 279.1 3.6 24.6
Gal_1002 1,004.9 1,053.1 8.2 512.7 8.9 13.0
Gal_1002 1,087.7 1,099.4 11.7 252.1 1.8 5.1
Gal_1002 1,119.8 1,131.6 11.7 295.5 2.0 15.2
Gal_1002 1,154.3 1,163.4 9.1 257.3 3.5 279
Gal_1002 1,165.6 1,181.7 16.2 421.7 45.2 44.4
Gal_1002 1,195.4 1,207.2 11.8 59.3 16.1 6.3

Hole Gal-1004 was drilled to a depth of 1,054.6 meters to test the Cone ZTEM anomaly.  Porphyry copper style propylitic alteration was intersected with traces of chalcopyrite, bornite and elevated molybdenum values at the bottom of the hole.  The mineralization is hosted by Proterozoic Apache Group shale and diabase.  Secondary alteration consists of weak potassic (k-spar veinlets) and silicification.  While mineralization is very weak, the trace amounts of copper and anomalous molybdenum values along with the associated alteration package in geologically permissive rocks suggests that a porphyry copper deposit is nearby.  Millrock has recommended further drilling in the area.

Gal-1005 was drilled to a depth of 596.5 meters to test an MT conductor with a coincident magnetic high.  A potassic intrusion with traces of chalcopyrite is present at surface near the drill hole collar.  Laramide granodiorite with moderate potassic alteration was intersected throughout the hole, along with traces of chalcopyrite.  Low level copper anomalies are present locally.  No conclusive explanation for the MT anomaly was observed.

The third phase fall 2011 drilling program will focus on the Fourmile target.  This circular magnetic feature is ringed by a strong conductive zone as identified by a ZTEM airborne geophysical survey.  Intense argillic alteration is known from rock exposures and prior drilling on the west side of the structure.

The target at the Galiuro property is a large porphyry copper +/- gold deposit hidden beneath alluvium and Tertiary volcanic cover.  The property is situated at the intersection of the Resolution and San Manuel / Kalamazoo porphyry copper trends.  Because of the Tertiary volcanic cover, little exploration work has been previously done by other companies. Through careful geological mapping in combination with airborne magnetic and ZTEM geophysical surveys, Millrock has identified numerous targets that may represent porphyry deposits.  Drilling by Millrock and Vale in spring 2010 resulted in the discovery of porphyry copper mineralization and alteration in Cretaceous – aged rocks hidden beneath Tertiary volcanic cover rocks.  

Vale has the option to earn a 60% interest in the project through exploration expenditures totaling US$3.5 million and payments totaling US$850,000.  The earn-in agreement is in its second year, and Vale has expended approximately US$2.5 million on the property to date.  Vale may earn an additional 10% interest, for a total of 70%, by funding a feasibility study.

Millrock’s President & CEO Gregory A. Beischer is a Certified Professional Geologist and Mining Engineering Technologist and is a 'qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators.  Mr. Beischer has verified the data (including sampling and analytical data) and prepared the information contained in this news release. Millrock personnel delivered all samples from the project to Skyline Assayers and Laboratories of Tucson, Arizona.  A quality assurance / quality control program has been implemented to ensure all core and sample handling procedures are in accordance with the best possible practices. The assay protocol includes the insertion of standards, blanks and duplicates into the sample stream.  The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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.  In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona.  With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$15 million in 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

About Vale S.A.

Vale is the second-largest metals and mining company in the world and the largest in the Americas, based on market capitalization. Vale is the world’s largest producer of iron ore and iron ore pellets and the world’s second largest producer of nickel. Vale also produces manganese ore, ferroalloys, copper, thermal and coking coal, phosphates, potash, cobalt, kaolin, and platinum group metals ("PGMs"). To support Vale's growth strategy, the company is actively engaged in mineral exploration efforts in 24 countries around the globe.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164              
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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 AND ACCURACY OF THIS RELEASE”

Millrock and Inmet Provide Update on San Jose and Dry Mountain Projects, Arizona


VANCOUVER, BRITISH COLUMBIA, July 18, 2011 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") announces its continuing exploration of the San Jose and Dry Mountain copper-gold projects in southeastern Arizona.  Drilling is scheduled to resume in September, 2011 with an extended budget.  Funding for the work is provided by Inmet Mining Corporation (IMN - TSX) ("Inmet") under the terms of an Option to Joint Venture Agreement (the "Agreement") executed in early 2010 with Millrock as the exploration operator.  The claims are situated southeast of the town of Safford, Arizona and southwest of the Morenci mine.

Drilling commenced at Dry Mountain in early spring of 2011 with two holes drilled.  The first hole intersected only Tertiary-aged rocks with no clear explanation for the conductive zone that has been identified through airborne geophysics.  No anomalous copper levels were detected.  A second hole had to be terminated prior to completion due to strong artesian water flow, however  Millrock and Inmet plan to re-drill this hole with equipment capable of dealing with the artesian conditions.  Since completion of the initial drilling, additional surface geochemical surveys have been completed over conductive zones in the south part of the claim block.  Upon receipt of these pending results a decision will be made on further drilling in this part of the claim block.

At the nearby San Jose project, two holes were also drilled.  Laramide - aged rocks were intersected but no signs of porphyry alteration or mineralization were observed.  Results of airborne ZTEM - magnetic surveys flown in the northern part of the claim block were received and interpreted.  Several high priority targets were identified and an additonal 289 claims were staked to cover extensions of the targets.  Three holes will be drilled to test the targets; this work expected to commence in September.

Under the terms of the Agreement Inmet has the opportunity to earn a 70% interest in the two claim blocks, San Jose and Dry Mountain, by making US$4.0 million in exploration expenditures and by making option payments of US$300,000.  To date, Inmet has funded approximately $1.7 million of exploration work on the properties.  The drilling program planned for September consists of three holes totaling approximately 4,000 meters.        

The San Jose project is positioned right at the intersection of the exceptionally prolific Safford and Morenci porphyry trends.  The Safford deposits, presently being actively developed by Freeport McMoran Copper & Gold, form a linear northwest striking trend.  The San Jose project is located approximately six km from the Sanchez deposit at the southeast end of the Safford trend.  Morenci is located approximately 30 km to the northeast. Together, Safford and Morenci account for approximately 10 billion tons of past copper production and future reserves and resources.  A porphyry cell located on Millrock's claims was discovered by drilling done by Noranda Inc. in the early 1990s.  ZTEM geophysical conductive zones surrounding magnetic highs are the primary target of the current drilling program.  The geophysical signature appears very similar to that reported over the Safford deposits.

At the Dry Mountain claim block, which is located 20 km to the southeast of San Jose on the Morenci Trend, a geochemical anomaly measuring approximately 10 km in diameter is present. The multi-element anomaly is strong in copper and molybdenum.  The anomaly appears to emanate from coincident ZTEM-Mag signatures.  The area is completely covered in overburden.

Millrock's President & CEO Gregory A. Beischer is a Certified Professional Geologist,Mining Engineering Technologist and is a 'qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators.  Mr. Beischer has verified the data (including sampling and analytical data) and prepared the information contained in this news release. All samples from the project were delivered by Millrock personnel to Skyline Assayers and Laboratories of Tucson, Arizona.  A quality assurance / quality control program has been implemented to ensure all core and sample handling procedures are in accordance with the best possible practices. The assay protocol includes the insertion of standards, blanks and duplicates into the sample stream.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry.  In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona.  With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$15 million in 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164        

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

Some statements in this news release contain forward-looking information, including without limitation statements as to the planned 2011 exploration program and budgets for Millrock's exploration efforts in Alaska and Arizona.  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 Expands Board of Directors


VANCOUVER, BRITISH COLUMBIA, June 13, 2011 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today that three new members were elected at the Annual General Meeting of Shareholders held in Vancouver on June 9, 2010. The board now consists of seven members. Newly elected are Lawrence J. Cooper of Anchorage, Alaska, Mr. Peter Chilibeck of Colborne, Ontario and Mr. David Volkert of Vancouver, British Columbia.

Gregory A. Beischer, President & CEO of the Company and a member of the board commented “The addition of these board members, which include a senior finance executive, a senior attorney, and a highly accomplished geologist provide much greater depth to an already strong board of directors. This group has the ability to guide Millrock to the next level of its corporate development”.

Lawrence (Larry) J. Cooper is a finance executive with deep experience in commercial banking and corporate finance and also serves as Millrock’s Chief Financial Officer. He spent 27 years with National Bank of Alaska and Wells Fargo Bank, N.A., where he was Senior Vice President and Manager of the Commercial Banking group. Also, Mr. Cooper held the CFO position of Ukpeaġvik Inupiat Corporation, an Alaska Native Corporation, for several years. Mr. Cooper is a graduate of University of Washington's Pacific Coast Banking School and College of Financial Planning.

Peter Chilibeck LL.B. graduated from Queen’s University Law School (Kingston, Ontario) in 1983 and was called to the Ontario Bar in 1985. He practiced law with Goodmans LLP in Toronto, and subsequently served as Legal Counsel & Assistant Secretary of Falconbridge Limited, as Assistant General Counsel & Corporate Secretary of Northern Telecom Limited, and Senior Vice President & General Counsel of IMAX Corporation. Since 1999, he has been Managing Director and Senior Vice President & General Counsel of Llewellin Capital, Inc.

David Volkert B.Sc. is a highly successful exploration geologist. He holds a Geological Engineering degree from the Colorado School of Mines. Mr. Volkert has held various senior positions, including Exploration Manager and Chief Geologist for Barrick Gold Corporation where he was instrumental in the discovery of the Laguna Norte gold deposit and the acquisition of the Pierina gold deposit in Peru. As Vice President, Exploration for Bear Creek Mining Corp. he spearheaded the discovery of the Corani and Santa Ana silver-lead-zinc deposits in Peru. He is currently the President & CEO of Vancouver based mining company Paget Minerals Corp.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million in 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Gregory A. Beischer
(604) 638-3164                   
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Provides Update on Estelle Gold Project, Alaska and Early Exercise of Warrants by Major Company Partner


VANCOUVER, BRITISH COLUMBIA, June 1, 2011 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today a significant and important expansion of the Estelle gold property in Alaska, which is under option to Teck American Incorporated ("Teck American"), a subsidiary of Teck Resources Limited (“Teck”). The expansion covers ground that hosts very strong historic drill core and surface chip sample values, including a drill intersection of 3.0 g/t gold over 29.6 m and a chip sample grading 18.0 g/t gold over 9.9 m. Millrock also announced that Teck has early-exercised all of the warrants that it held to purchase common shares of Millrock, increasing its equity ownership of the Company.

Early Exercise of Warrants

Teck has exercised all of the warrants that it held to purchase common shares of Millrock. A total of 1,363,636 warrants were exercised at a price of $0.53 for proceeds of $722,727.08. The warrants were originally issued on May 27, 2010 in a private placement financing when Teck initially took an equity position in Millrock. The warrants were exercisable for two years at a price of $0.53 in the first year and $0.63 in the second year. Teck now owns 2,727,272 shares of Millrock, or 3.9% of the currently issued and outstanding shares of the Company.

Expansion of the Area of Interest and Addition of Claims

The Area of Interest subject to the terms of the option agreement between Millrock and Teck American has been expanded and includes new claims staked by Millrock. These claims were staked following reconnaissance geological and geochemical surveys carried out in 2010 using funding from a strategic alliance with Altius Resources Inc. (“Altius”) described in a press release dated June 4, 2010 [found here]. The new claims are subject to a royalty in favour of Altius.

In addition, a group of claims covering a potential extension to the Shoeshine prospect mineralization, which Millrock has been exploring over the past two seasons, has been leased by Millrock and incorporated into the Teck American - Millrock Agreement.

Previous work carried out by Cominco in the late 1980's in the area covered by the newly leased claims returned promising surface chip samples (49.5 m grading 1.2 g/t gold and 9.9 m grading 18.1 g/t gold) and a drill intercept of 29.6 m grading 3.0 g/t gold. Millrock plans to drill a hole near this location as part of the 2011 exploration program, the plans for which have now been finalized. Mobilization to the site will occur in mid-June and field work is expected to commence on July 1, 2011. The exploration program is budgeted at US$3.455 million and Millrock will act as manager of the 2011 exploration program.

Commenting on recent developments, Company President & CEO Gregory Beischer stated, “The addition of the new claims increases the chances of Millrock making a significant gold discovery at Estelle. We see potential for both very large, porphyry-style gold deposits and high-grade structurally controlled deposits. We have a strong budget and a great chance of making a discovery this year.”

The agreement between Millrock and Teck American grants two options, and was initially announced on February 14, 2011 [found here]. The first option grants Teck American the right to earn an initial 55% interest in the project by incurring exploration expenditures totaling US$3.6 million. The planned 2011 exploration program, along with expenses already incurred, will result in Teck American earning its initial interest by the end of 2011, one year ahead of schedule. Upon meeting the requirements of the first option, Teck American would then have the right to proceed to the second option that would allow it to earn an additional 10% interest, for a total 65% interest by incurring an additional US$5 million in exploration expenditures and making cash payments to Millrock of US$400,000.

Geologic features, and extensive surface geochemical anomalies at Estelle, indicate the potential for large, bulk-minable, reduced-intrusion-related or porphyry-style deposits. Four main zones of large-scale anomalous gold and pathfinder element geochemistry have been identified over the past two years: Shoeshine, Oxide Ridge, RPM and Stoney. At the Shoeshine and Oxide Ridge prospects surface mineralization is spatially associated with porphyritic intrusive rocks, quartz stockworks and hydrothermal breccias. At RPM rusty, pyritic, hornfelsed sediments with anomalous gold indicate the potential for an auriferous intrusion at a shallow level. The Stoney prospect is a high-grade, polymetallic vein occurrence with geophysical indicators pointing to the possibility of nearby porphyry mineralization.

Presently, Millrock owns a 100% interest in the property. Portions of the property are subject to third-party royalties. Located approximately 160 km northwest of Anchorage, Alaska the property is adjacent to Kiska Metals Corp.'s Whistler copper-gold deposit. Estelle is located in the Kahiltna Terrane, an assemblage of rocks that hosts Northern Dynasty/Anglo American's giant Pebble copper-gold-molybdenum-silver deposit.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million in 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, B.C
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to the planned 2011 exploration program and budgets for Millrock's exploration efforts in Alaska. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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

Millrock and Crescent Commence Drilling at Uncle Sam Gold Project, Alaska


VANCOUVER, BRITISH COLUMBIA, May 17, 2011 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or "the Company") is pleased to announce that drilling is now underway at its Uncle Sam gold project in the Tintina Gold Belt, Alaska. The project is located 65 km southeast of Fairbanks, Alaska. The work is being funded by Crescent Resource Corp. (TSX-V: CRC) (“Crescent”); Millrock is managing the exploration. Crescent has an option to purchase a 100% interest in Millrock’s rights to the property subject to a royalty. Millrock presently owns approximately 5% of the issued and outstanding common shares of Crescent.

A total of 2,100 meters of core drilling is planned in the program which is budgeted at US$2.2 million. Concurrently with the drilling program surface exploration work will be done to develop additional drilling targets. Drilling will initially focus on two highly prospective targets, the Lone Tree and Wolf Prospects.

Lone Tree Prospect

Drilling will target a very strong gold in soil anomaly that measures approximately 4,000 meters in length and up to 1,000 meters wide. Previous drilling by other operators has returned encouraging results such as drill holes USC-011, which contained an intersection of 19.22 meters averaging 2.03 g/t gold and USC-013, which contained 6.0 meters averaging 1.79 g/t gold and 14.0 meters averaging 1.65 g/t gold. The planned drilling is designed to expand upon the area of gold mineralization.

Wolf Prospect

Drilling will target another very strong gold in soil anomaly measuring over 2,000 meters in length and 1,000 meters in width, that has returned encouraging results from previous operators such as reverse circulation drill hole USRC-22, where an intersection graded 4.45 g/t gold over 15.54 meters and USR – 055, which contained an interval of 13.72 meters averaging 1.34 g/t gold. This area has not been fully tested and the drill program will focus on confirming previous results and expanding the area of known mineralization.

The drill intersections reported for the Lone Tree and Wolf prospects are from prior project operators. The Company cautions that the intersections have not been independently verified and it is not known if the reported intervals represent true widths. The planned drilling program is in part designed to determine and establish the structural orientation of the mineralized zones with greater certainty.

Signed in January of 2011, the agreement with Millrock gives Crescent the exclusive option to earn a 100% interest in the Uncle Sam claim group in return for a cumulative US$2.5 million in exploration expenditures, US$300,000 in cash payments and Crescent share issuances to Millrock. Crescent has issued 1,583,281 common shares to Millrock and these shares represent approximately 5% of the currently issued and outstanding Crescent shares. If the earn-in agreement proceeds to December 31, 2011, Crescent will issue to Millrock that number of common shares to give the Company 18% of the issued and outstanding shares of Crescent on that date. Millrock may be entitled to receive more Crescent shares in the event that an independently verified gold resource is defined on the property. Millrock obtained rights to the Uncle Sam property by virtue of an agreement with Kiska Metals.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million in 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre 999 Canada Place
Vancouver, B.C V6C 3E1

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

 

Millrock Announces Management Change, Stock Option Grants


VANCOUVER, BRITISH COLUMBIA, May 2, 2011 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announces that it has made changes to its management team.

Effective immediately, the role of Chief Financial Officer (“CFO”) will be assumed by Mr. Larry J. Cooper.  Larry Cooper is a finance executive with deep experience in commercial banking and corporate finance.  He spent 27 years with National Bank of Alaska and Wells Fargo Bank, N.A., where he was Senior Vice President and Manager of the Commercial Banking group.  Mr. Cooper also has several years as CFO of Ukpeaġvik Inupiat Corporation.  Mr. Cooper is a graduate of University of Washington’s Pacific Coast Banking School and College of Financial Planning.  As an independent consultant, he works with a number of diverse companies including Alaska Native Corporations, primarily in the areas of management, finance, treasury, , accounting conversions, and business development.  Mr. Cooper served for many years as Finance Director of the Alaska Miners Association and presently serves on the Boards of the Alaska State Chamber of Commerce, Department of Commerce’s Alaska Export Council, and Alaska Resource Education.  He resides in Anchorage.

Mr. Kulwant Sandher, who has served as the Company’s CFO since 2008 will step down effective immediately.  Millrock thanks Mr. Sandher for his service and wishes him well in his future endeavors.

The Company has granted 525,000 stock options to officers, recently engaged or hired consultants and employees exercisable at $0.64 per share for a period of five years.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry.  In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona.  With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million in 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre 999 Canada Place
Vancouver, B.C V6C 3E1

Millrock Announces Rainville Copper Project, Arizona


VANCOUVER, BRITISH COLUMBIA, April 1, 2011 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") is pleased to announce that it has entered into an exploration agreement with option to purchase concerning a large block of Arizona State Exploration permits referred to as the Rainville project. The permits cover land situated southeast of the town of Safford, Arizona and south of the Morenci mine in southeastern Arizona.

Under the terms of the agreement, Millrock can maintain an option to purchase from the owner a 100% interest in the permits by paying a total of US$400,000 and issuing 500,000 Millrock common shares over a period of six years. The initial payment consists of US$70,000 and 250,000 common shares. If all option payments are made the property may be purchased for the sum of $1.0 million. A further payment of US$1.0 million will be made to the owner in the event that Millrock prepares a report that describes an indicated mineral resource (as that term is used in NI 43-101) of 1,500,000 tons or more of contained copper on the property.

The Rainville project is positioned along the trend of the prolific Safford deposits which are being actively developed by Freeport McMoran Copper & Gold. Regional geochemical surveys, geophysical surveys and geological modeling have led Millrock to believe there is potential for discovery of valuable porphyry copper deposits hidden beneath overburden on the exploration permits.

In a manner consistent with its project generator business model, Millrock plans to find a partner to share in the risk of exploration and development of the permits by funding exploration.

The purchase agreement is subject to acceptance by the TSX Venture Exchange.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million in 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, B.C
V6C 3E1

This news release contains forward-looking information including, without limitation, the statement that Millrock plans to find a partner to share in the risk of exploration and development of the Rainville project (the "First Statement") and the statement as to the planned 2011 exploration program and budgets for Millrock’s exploration efforts in Alaska and Arizona (the "Second Statement"). Forward-looking 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. In the case of the First Statement, such factors include, without limitation, that Millrock may not secure a project partner and may have to absorb the cost of maintaining the property; in the case of the Second Statement, such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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

Millrock Announces Partner Elects to Proceed with First Option at Estelle Project, Alaska, and Approval of US$3.4 Million 2011 Program and Budget


VANCOUVER, BRITISH COLUMBIA, February 14, 2011 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today that Teck American Incorporated ("Teck"), a subsidiary of Teck Resources Limited has elected to proceed with the First Option on Millrock’s 100% owned Estelle Project, Alaska.  Teck has also notified Millrock that Teck has approved an exploration program and budget of US$3.4 million for 2011.  Pursuant to a management agreement, Millrock will act as manager of the 2011 exploration program that includes plans for drilling at the Oxide Ridge, Shoeshine, RPM and Stoney prospects.

The First Option grants Teck the right to earn an initial 55% interest in the project by incurring exploration expenditures totaling US$3.6 million.  The planned 2011 exploration program, along with expenses already incurred, will result in Teck earning its initial interest by the end of 2011, one year ahead of schedule.  Teck would then have the right to proceed to the Second Option that would allow it to earn an additional 10% interest, for a total 65% interest by incurring an additional US$5 million in exploration expenditures and making cash payments to Millrock of US$400,000. 

"Millrock is pleased that Teck is funding this project aggressively", stated Gregory Beischer, President & CEO of the Company. "We have held off on drilling for two years to carry out a comprehensive, systematic, surface exploration program to select the best possible, well-defined drill targets.  This budgetary level gives the project a great chance at early success."

The target sought at Estelle is a gold deposit of the Intrusion-Related type.  Geologic features, and extensive surface geochemical anomalies, indicate the potential for large, bulk-minable, intrusive-related or porphyry style deposits.  Four main zones of large-scale anomalous gold and pathfinder element geochemistry have been identified over the past two years:  Shoeshine, Oxide Ridge, RPM and Stoney.   At the Shoeshine and Oxide Ridge prospects surface mineralization is spatially associated with porphyritic intrusive rocks, quartz stockworks and hydrothermal breccias.  At RPM rusty, pyritic hornfels sediments with anomalous gold indicate a possible auriferous intrusion at a shallow burial level.  The Stoney prospect is a high-grade, polymetallic vein occurrence with geophysical indicators pointing to the possibility of nearby porphyry mineralization.

Presently, Millrock owns a 100% interest in the property, which is subject to a 3.0% royalty payable to third parties.  Consisting of 394 claims covering 24,600 ha and located approximately 160 km northwest of Anchorage, Alaska the property is adjacent to Kiska Metals Corp.’s Whistler copper-gold deposit.  Estelle is located in the Kahiltna Terrane, an assemblage of rocks that hosts Northern Dynasty/Anglo American's giant Pebble copper-gold-molybdenum-silver deposit.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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.  In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona.  With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million in 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164                    
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to the planned 2011 exploration program and budgets for Millrock’s exploration efforts in Alaska and Arizona.  These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.  Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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

Millrock and Inmet Commence First Drilling Program on San Jose and Dry Mountain Projects, Arizona


VANCOUVER, BRITISH COLUMBIA, February 9, 2011 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or "the Company") is pleased to announce that it has commenced drilling on its San Jose and Dry Mountain projects in southeastern Arizona. Funding for the work is provided by Inmet Mining Corporation (IMN - TSX) ("Inmet") under the terms of an Option to Joint Venture agreement executed in early 2010. Millrock is the exploration operator. The claims are situated southeast of the town of Safford, Arizona and southwest of the Morenci mine.

The initial drill program will consist of five holes totaling approximately 4,000 m to test coincident ZTEM-Mag anomalies with overlying geochemical anomalies. The targets may represent buried porphyry copper (+/- molybdenum and gold) deposits and are located directly along trend of the Safford copper deposits being developed by Freeport A budget of US$1.6 million has been established for this exploration phase.

Under the terms of the Option to Joint Venture Agreement Inmet has the opportunity to earn a 70% interest in the two claim blocks, San Jose and Dry Mountain, by making US$4.0 million in exploration expenditures and by making option payments of US$300,000.

Millrock's Vice President of Exploration, Phil St. George, stated: "There is every indication of porphyry copper deposits under shallow cover beneath Millrock's claims. Modern geophysical methods have identified excellent targets, and this aggressive drilling campaign will determine whether another large porphyry system exists."

The San Jose project is positioned right at the intersection of the exceptionally prolific Safford and Morenci porphyry trends. The Safford deposits, presently being actively developed by Freeport McMoran Copper & Gold, form a linear northwest striking trend. The San Jose project is located approximately six km from the Sanchez deposit at the southeast end of the Safford trend. Morenci is located approximately 30 km to the northeast. Together, Safford and Morenci account for approximately 10 billion tons of past copper production and future reserves and resources. A porphyry cell located on Millrock's claims was discovered by drilling done by Noranda Inc. in the early 1990s. ZTEM geophysical conductive zones surrounding magnetic highs are the primary target of the current drilling program. The geophysical signature appears very similar to that reported over the Safford deposits.

At the Dry Mountain claim block, which is located 20 km to the southeast of San Jose on the Morenci Trend, a geochemical anomaly measuring approximately 10 km in diameter is present. The multi-element anomaly is strong in copper and molybdenum. The anomaly appears to emanate from coincident ZTEM-Mag signatures. The area is completely covered in overburden.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million in 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to the planned 2011 exploration program and budgets for Millrock’s exploration efforts in Alaska and Arizona. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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

Millrock Grants Stock Options


VANCOUVER, BRITISH COLUMBIA, February 8, 2011 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") has granted a total of 120,000 stock options under the Company’s stock option plan to employees and consultants. The options are exercisable at $0.85 per share for a period of five years.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry.  In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona.  With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million for 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164                    
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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


Millrock Signs Definitive Agreement with Brixton Metals for Cristo Gold Property, Alaska


VANCOUVER, BRITISH COLUMBIA, January 11, 2011 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today that an option agreement with Brixton Metals Corp. ("Brixton") for the acquisition and exploration of Millrock’s Cristo Property in the Kahiltna region of south-central Alaska has been completely finalized.

Millrock has delivered to Brixton a 43-101 technical report describing the geology and exploration potential of the Cristo claim block. Brixton has made the first cash payment of $40,000 in full, and has issued 1.2 million Brixton shares to Millrock.

Additionally, Millrock staked a further 252 claims within the Area of Interest surrounding the Cristo claim block. Per the terms of the option, Millrock offered the claims to Brixton to become subject to the agreement. Brixton has elected to accept the claims, and has reimbursed Millrock for the staking costs. The Cristo property now consists of 328 Alaska state mining claims covering 21,237.9 ha.

The agreement gives Brixton the exclusive option to earn a 100% interest in the Cristo claim group, in return for incurring cumulative US$5 million in exploration expenditures, making payments totaling US$330,000, and the issuance of an aggregate of two million Brixton shares and two million Brixton share purchase warrants. Each warrant has an exercise price of $1.00 is valid for a four-year term.

The Cristo claims are subject to a 2% net smelter royalty (NSR) on gold and a 1% NSR on all other metals production in favour of Altius Minerals Corp., Millrock's partner in a strategic alliance of regional prospecting in Alaska. Upon full exercise of the option, Brixton will grant a further royalty interest to Millrock comprising an NSR of 1.0% on gold and 0.5% on all other metals.

The Kahiltna Terrane, where the Millrock-Altius prospecting alliance has been most active, is a geologic region of south-central to southwest Alaska which also hosts the giant Pebble deposit of Anglo-American and Northern Dynasty. The area also hosts Kiska Metals' Whistler copper-gold deposit which is adjacent to Millrock's Estelle gold property being explored in joint venture with Teck American Incorporated. The project is in mountainous terrain hosting receding glaciers.  As the glaciers recede, new mineral occurrences are being revealed.  Early stage exploration by Millrock has identified the geological setting as being prospective for porphyry copper-gold and intrusion-related gold deposits.  Interesting surface geochemical anomalies and alteration systems have been identified.  Brixton will be the exploration operator during the earn-in period.

Gold and copper mineralization at the St. Eugene prospect occurs in three separate zones hosted by hornfels adjacent to a diorite intrusion. The largest zone has a 700 m strike length, defined by rock and soils samples, with rock samples up to 1% copper and 2.1 g/t gold.

Gold mineralization at the Monte Cristo prospect is hosted in highly altered volcaniclastic and intrusive rocks. Mineralized zones occur on two parallel ridge-backs separated by ~300 m of shallow glacial debris cover. Rock samples assayed up to 4.2 g/t gold and soil samples (talus fines) assayed up to 3.0 g/t gold. The zone between the two ridges is untested.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $7.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164                    
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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."N

"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."

EITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."

Millrock Signs Definitive Agreement with Crescent Resources for Uncle Sam Gold Property, Alaska


VANCOUVER, BRITISH COLUMBIA, January 7, 2011 – Millrock Resources Inc. (MRO – TSX:V) (“Millrock” or the “Company”) announced today a definitive agreement has been signed with Crescent Resources Corporation (“Crescent”) for the exploration of Millrock’s Uncle Sam property (“Uncle Sam”) located 75 kilometers southeast of Fairbanks, Alaska in the Tintina Gold Belt. The agreement follows on from a Letter of Intent signed between the companies in October of 2010.

The agreement gives Crescent the exclusive option to earn a 100% interest in the Uncle Sam claim group in return for a cumulative US$2.5 million in exploration expenditures, US$300,000 in cash payments and Crescent share issuances to Millrock. If the earn-in agreement proceeds to December 31, 2011, Millrock will be issued that number of shares to give the Company 18% of the issued and outstanding shares of Crescent on that date.

Additionally, Crescent will issue to Millrock additional common shares in connection with independently verified gold resources defined on the Property as measured or indicated resources under National Instrument 43-101 in the following amounts:

Ounces of Gold Resources defined under
NI 43-101:
Common Shares of Crescent to be Issued to
Millrock:
1,000,000 ounces 1,500,000 common shares
2,000,000 ounces and greater 1,000,000 common shares for every additional 1,000,000 ounces

The Uncle Sam gold project targets intrusion-related gold deposits hosted in a similar age of intrusive rocks to those which host the Pogo Gold Mine in east-central Alaska approximately 60 kilometers to the east of Uncle Sam. The Pogo Mine was discovered in the mid 1990's and hosts over five million ounces of gold. Prior exploration data indicates extensive anomalous surface gold geochemistry. Previous drilling shows highly anomalous gold intersections over substantial drilled widths as shown in the following table:



The intersections were calculated using a 0.2 g/t of cutoff. True width of the historic intersections has not been accurately ascertained.

The Uncle Sam property was previously explored in the 1990s by Kennecott, Geoinformatics (a predecessor to Kiska Metals) and Midas Gold. Geophysical surveys have identified two intrusive bodies with associated gold mineralization. As a result of the prior exploration work, numerous drill-ready targets exist on the Uncle Sam claim block. The companies plan further geochemical surveys, airborne high-resolution magnetic surveys, and drilling in 2011.

Millrock will be the operator of the Uncle Sam program until November 1, 2011; thereafter, Crescent will be operator of the Uncle Sam exploration program. While the Option Agreement is in effect, Crescent will assume the underlying cash payment obligations to Kiska Metals Corporation (“Kiska”). Details of the option agreement with Kiska were announced in November 2009 here.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has twelve active exploration projects, nine gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting approximately $7.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164                    
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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 Grants Stock Options


NR #10-35

Millrock Grants Stock Options

VANCOUVER, BRITISH COLUMBIA, December 17, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") has granted a total of 200,000 stock options under the Company’s stock option plan to employees and consultants.  The options are exercisable at $0.89 per share for a period of five years.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $7.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Valdez Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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


Millrock Commences Drilling at Galiuro Project, Arizona


VANCOUVER, BRITISH COLUMBIA, December 3, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today that it has begun a second round of drilling at its Galiuro porphyry copper-gold property in southeastern Arizona. The property is the subject of an earn-in agreement with Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. ("VALE"). VEC is funding work on the property with Millrock operating exploration operations. A program of approximately 4,000 m in four holes is planned.

The target at the Galiuro property is a large porphyry copper +/- gold deposit hidden beneath alluvium and Tertiary volcanic cover. The property is situated at the intersection of the Resolution and San Manuel / Kalamazoo porphyry copper trends. Because of the Tertiary volcanic cover, little exploration work has been previously done by other companies. Through careful geological mapping in combination with airborne magnetic and ZTEM geophysical surveys, Millrock has identified numerous targets that may represent porphyry deposits.

Drilling by Millrock and VEC in spring 2010 resulted in the discovery of porphyry copper mineralization and alteration in Cretaceous – aged rocks hidden beneath Tertiary volcanic cover rocks. The current drilling program will further test these targets as well as others in the area. Two of the holes will test the Fourmile target. This circular magnetic feature is ringed by a strong conductive zone as identified by a ZTEM airborne geophysical survey. Intense argillic alteration is known from rock exposures and prior drilling on the west side of the structure.

VEC has the option to earn a 60% interest in the project through exploration expenditures totaling US$3.5 million and payments totaling US$850,000. The earn-in agreement is in its second year, and VEC has expended approximately US$1.5 million on the property to date. VEC may earn an additional 10% interest, for a total of 70%, by funding a feasibility study.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has twelve active exploration projects, nine gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting approximately $7.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Valdez Gold, Brixton Metals and Crescent Resources.

About Vale Exploration Canada Inc.

VEC is a wholly-owned subsidiary of VALE, the world's second largest metals and mining company by market capitalization with its headquarters in Brazil. VALE reported operating revenues of US$23.9 billion and net earnings of US$5.3 billion as of December 31, 2009. VALE is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164              
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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 Stakes the Humble Property, Southwest Alaska


VANCOUVER, BRITISH COLUMBIA, November 29, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announces that it has staked a block of 266 claims (17,223 hectares) in the Togiak Terrane, southwest Alaska. The staked claims (the "Humble claim group") are located on state land approximately 80 km northeast of Dillingham, Alaska, covering multiple geophysical targets with coincident surface geochemical anomalies. Historical drilling and recent geophysical and geochemical surveys indicate the potential for copper-gold-molybdenum porphyry-style mineralization.

Geological, geochemical and geophysical characteristics bear similarities to the Pebble deposit, a porphyry deposit that is reported to contain a measured and indicated resource of 5.94 billion tonnes grading 0.42% Cu, 0.35 g/t Au, 250 ppm Mo (containing 55 billion lb of copper and 66.9 million oz of gold and 3.3 billion lb molybdenum) and an inferred resource of 4.8 billion tonnes grading 0.24% Cu, 0.26 g/t Au, 215 ppm Mo (containing 25.6 billion lb of copper and 40.4 million oz of gold and 2.3 billion lb molybdenum) (source: www.northerndynastyminerals.com).

Project highlights include:

  • Late Cretaceous aged magmatic complex of similar age to that which hosts the Pebble deposit
  • Magnetite-rich pyroxenite rock overprinted by porphyry-style mineralization adjacent to the target area, similar to Pebble
  • Circular to semi-circular conductive zones detected by airborne geophysical surveys surrounding magnetic anomalies (which at the Pebble deposit, represents the pyrite halo to the deposit)
  • Zoned, multi-element, surface geochemical anomalies overlying geophysical targets commonly indicative of porphyry mineralization

A limited drill program is planned for 2011. Funding for the exploration is provided by a subsidiary of Kinross Gold Corporation (KGC - NYSE) ("Kinross").

A recently finalized agreement with Millrock gives Kinross the exclusive option to earn a 60% joint venture interest in an area of interest which includes the Humble claim group, in return for incurring cumulative US$4 million in exploration expenditures by December 31, 2013, making payments to Millrock totalling US$200,000 and reimbursing the 2010 state or federal claim maintenance fees paid by Millrock. Kinross may earn a further 15% interest in the Humble property by incurring an additional US$6 million in exploration expenditures by December 31, 2016. Millrock will manage exploration on the project. Kinross may elect to take over management of the project at any time. Notwithstanding Kinross’ earned interest, Kinross agrees to carry Millrock’s equity position and funding participation in the joint venture until Kinross provides Millrock with a NI43-101 compliant report stating a minimum of 2.0 million gold-equivalent ounce resource on the Humble property. Kinross shall recoup its carrying expenditures on behalf of Millrock from future proceeds to the joint venture.

A portion of the Humble property is subject to a 2% net smelter returns royalty ("NSR") on gold, and a 1% NSR on other metals production in favour of Altius Resources Inc., Millrock's partner in a strategic alliance of regional prospecting in Alaska which resulted in the staking of the Humble property.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has twelve active exploration projects, nine gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting approximately $7.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Valdez Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

Millrock Grants Stock Options


VANCOUVER, BRITISH COLUMBIA, November 4, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") has granted a total of 1,245,000 stock options under the Company’s stock option plan to directors, officers, employees and consultants.  The options are exercisable at $0.75 per share for a period of five years.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $7.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Valdez Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Finalizes Exploration Agreement with Brixton Metals and Reports on Exploration Results, Cristo Property, Alaska


VANCOUVER, BRITISH COLUMBIA, October 29, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today finalization of an option agreement with Brixton Metals Corp. ("Brixton") for the acquisition and exploration of Millrock’s Cristo Property in the Kahiltna region of south-central Alaska.

The agreement gives Brixton the exclusive option to earn a 100% interest in the Cristo claim group, in return for incurring cumulative US$5 million in exploration expenditures, making payments totalling US$330,000, and the issuance of an aggregate of 2 million Brixton shares (inclusive of shares issued upon execution of the option agreement) and 2 million Brixton share purchase warrants. Each warrant will have an exercise price of $1.00 per share and be exercisable for a four-year term.  The number of securities to be issued the Company as set out in this release presume the successful closing of an amalgamation agreement between Brixton and Marksmen Capital Inc.  If such agreement, is not closed, the number of shares and warrants to be issued to the Company may be lower in accordance with the terms of the option agreement.

The Cristo claim group, and other claims which may be staked in a prescribed Area of Interest, are subject to a 2% net smelter royalty (NSR) on gold and a 1% NSR on all other metals production in favour of Altius Minerals Corp., Millrock's partner in a strategic alliance of regional prospecting in Alaska which resulted in the staking of the Cristo property in 2009 with additional claims in 2010. Upon full exercise of the option, Brixton will grant a further royalty interest to Millrock comprising a 0.5% gross royalty on uranium and an NSR of 1.0% on gold and 0.5% on all other metals.

Millrock is presently the operator of the Cristo program and plans to deliver an exploration NI-43-101 report by December 31, 2010; thereafter, Brixton will be operator of the Cristo exploration program beginning January 1, 2011. 

Eighty (80) rock samples and 213 soil samples were taken by Millrock in 2009 and 2010 resulting in the discovery of two distinct mineral systems; coincident gold-copper mineralization at the St. Eugene prospect and gold-only mineralization at the Monte Cristo prospect. The targets are porphyry copper-gold and intrusion-related gold deposits respectively.

Gold and copper mineralization at St. Eugene occurs in three separate zones hosted by hornfels adjacent to a diorite intrusion. The largest zone has a 700m strike length, defined by rock and soils samples, with rock samples up to 1% copper and 2.1 g/t gold.

Gold mineralization at Monte Cristo is hosted in highly altered volcaniclastic and intrusive rocks. Mineralized zones occur on two parallel ridge-backs separated by ~300 m of shallow glacial debris cover. Rock samples assayed up to 4.2 g/t gold and soil samples (talus fines) assayed up to 3.0 g/t gold.  The zone between the two ridges is untested. 

The Kahiltna Terrane, where the Millrock-Altius prospecting alliance has been most active, is a geologic region of south-central to southwest Alaska which also hosts the giant Pebble deposit of Anglo-American and Northern Dynasty. The area also hosts Kiska Metals' Whistler copper-gold deposit which is adjacent to Millrock's Estelle gold property being explored in joint venture with Teck American Incorporated. The project is in mountainous terrain hosting receding glaciers.  As the glaciers recede, new mineral occurrences are being revealed.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $7.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Valdez Gold, Brixton Metals and Crescent Resources.

About Brixton Metals Corp.

Brixton's mission is to create wealth through exploration by advancing large scale metal deposits to feasibility.  Assuming the successful completion of Brixton becoming a TSX.V listed public company through a Qualifying Transaction with Marksmen Capital Inc., Brixton expects to trade under the symbol BBB.v.  Brixton has 3 properties, Thorn (Au-Ag-Cu) located in BC, Stawell (Au) located in Australia, and now Cristo (Au, Cu) located in Alaska.  Brixton intends to capitalize on strong macro trends that it expects will see the demand for its projects increase along with the value created for Brixton shareholders. For more information about Brixton please contact its CEO, Mr. Mac Bell at (604) 612-2281 or .(JavaScript must be enabled to view this email address)

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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 and Kinross Report Results From Drill Program and Surface Geochemical Surveys at Council Gold Project, Alaska


VANCOUVER, BRITISH COLUMBIA, October 22, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") released today results of a drilling program and regional geochemical survey on their Council gold project in western Alaska, a joint venture with Kinross Gold Corporation (NYSE: KGC, “Kinross”).

The Council District, located on the Seward Peninsula of western Alaska, is an extensive area of past placer production where over 300,000 ounces of placer gold have been produced.  The exploration agreement with Kinross covers a 900 sq km area of interest in which Kinross can earn up to 75% interest.  Millrock’s current interests consist of a 295 sq km landholding, in which they are able to secure 100% interest in all mineral rights. Details of the land agreement with Kinross are detailed in the June 23, 2010 news release (here).

The 2010 program was designed to 1) drill test coincident gold arsenic anomalies in the uplands of a historic placer region at the Albion prospect, 2) conduct detailed soil surveys as infill programs between existing anomalous regions and 3) to begin testing the largely under-explored land package with a reconnaissance geochemical survey.  Millrock is the operator for exploration activities on the project with funding provided by earn-in partner, Kinross.

Bedrock geologic units in the Council area are primarily part of the Precambrian to Paleozoic, blueschist-facies metamorphosed Nome Group.  Gold mineralization is preferentially hosted in the more siliceous schist and quartzite units of the Mixed Unit with larger deposits occurring in shear structures and in brittle rocks. The contact with an overlying marble unit is a favorable deposition site.

Initial drill testing, at the Albion prospect, consisted of short (~120 m) holes drilled by Millrock.  In total, 2,062 m of reverse circulation drilling in 17 holes was completed.  Two holes, CNL1013 and CNL1014, intersected > 1 g/t Au mineralization, confirming bedrock mineralization at the Albion Prospect.  Holes were collared in, and ended in, calcareous schist suggesting that drilling failed to test the anticipated structural and stratigraphic targets.

The results of the program are listed in the table below.  Widths are reported as drill widths, not true widths, due to limited geological information in the area.

Hole From (ft) To (ft) Width (ft) Width (m) Au (g/t)
CNL1003 0 15 15 4.6 0.48
           
CNL1006 135 155 20 6.1 0.43
  170 180 10 3.1 0.41
  225 230 5 1.5 0.95
           
CNL1008 135 165 30 9.1 0.58
           
CNL1013 275 290 15 4.6 1.42
           
CNL1014 65 95 30 9.1 1.02
* 200 ppb cut off used for composite calculations, reporting only average grades > 0.4 g/t

Surface geochemical survey results were encouraging. A total of 1990 soil samples were taken in the region with the best result of 344 ppb coming from an infill survey testing the ground between the northwest-striking, 900 m by 2000 m, Albion geochemical anomaly and an even larger, parallel anomaly to the northeast.  The new survey results join the Albion and northern anomaly areas along a previously undefined, northeast trend consisting of anomalous gold and pathfinder elements.  The total length of this new trend is 3800 m.

The reconnaissance geochemical survey identified two new areas with anomalous gold (up to 150 ppb gold in soils) and associated pathfinder elements. The areas are over 12 km apart with limited geochemical sampling between them.

Drill cuttings and geochemical samples from the Council program were collected on site, sealed in bags and shipped to Fairbanks, Alaska for assay at Alaska Assay Laboratories, a subsidiary of the Alfred H. Knight Group, an international laboratory with stringent quality control and quality assurance programs.  Millrock also had its own quality control / quality assurance programs in place.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $7.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Valdez Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164              
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

 

Millrock and Valdez Gold Drill 32.0 M of 3.8 G/T Gold and Extend Daniel’s Creek Zone by 625 M at Bluff Gold Project, Alaska


VANCOUVER, BRITISH COLUMBIA, October 20, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company"), along with its partner Valdez Gold Inc. (VAZ – TSX:V) (“Valdez Gold”), released today results of a drilling program at their Bluff gold project on the Seward Peninsula of western Alaska.

At Bluff, structurally controlled gold mineralization occurs within a 6.4 km long, arcuate band of schistose rocks near a contact with marble. Drilling by BHP Billiton Ltd. in the late 1980s identified three zones of mineralization. The Daniel’s Creek zone, which was known to contain interesting intercepts drilled by prior workers, was the main focus of this year’s efforts.

Fences of short (~130 m) holes were drilled by Millrock with funding provided by earn-in partner Valdez Gold. In total 2,800 m of reverse circulation drilling in 24 holes was completed. The Daniel’s Creek zone mineralization was confirmed, and extended in a westerly direction by 375 m and in an easterly direction by 250 m. The mineralized zone now has a known strike extent of 940 m.

The best intersection of the program was in hole BLF2021, which consisted of 32.0 m grading 3.8 g/t Au including a section grading 9.0 g/t Au over 12.2 m. This intersection appears to be from a previously undiscovered, parallel zone situated at a lower stratigraphic level than the known Daniel’s Creek zone. In addition, drill hole BLF2015 intersected 32 m at 1.93 g/t Au including 18.3 m at 3.03 m. Further drilling will be required to define the known zone and expand the newly discovered zone. The results of the program are listed in the table below. The intersections reported below are thought to be approximate true widths. However, since there is little geologic control on the intersection reported with BLF2021 the true width is not known.


Hole
From (ft) To (ft) Width (ft) Width (m) Au (g/t)
BLF2002 130 145 15 4.6 0.48
  265 290 25 7.6 0.54
  340 350 10 3.1 2.69
  495 515 20 6.1 0.88
           
BLF2003 50 60 10 3.1 0.42
  150 190 40 12.2 0.88
  230 240 10 3.1 0.67
  315 325 10 3.1 0.82
  470 495 25 7.6 2.02
           
BLF2005 150 165 15 4.6 0.60
  375 395 20 6.1 1.78
  430 440 10 3.1 0.54
           
BLF2006 10 35 25 7.6 0.95
  130 140 10 3.1 2.54
           
BLF2007 25 40 15 4.6 1.62
  45 55 10 3.1 0.44
  335 345 10 3.1 0.54
  350 360 10 3.1 0.48
  500 510 10 3.1 2.31
           
BLF2008 10 50 45 13.7 0.81
  75 85 10 3.1 0.95
  115 140 25 7.6 0.43
  165 175 10 3.1 0.42
  195 210 15 4.6 0.39
           
BLF2009 155 165 10 3.1 1.22
           
BLF2012 95 115 20 6.1 0.74
           
BLF2013 110 120 10 3.1 0.39
           
BLF2014 50 85 35 10.7 1.44
Including 50 60 10 3.0 4.32
           
BLF2015 30 45 15 4.6 1.95
  165 270 105 32.0 1.93
Including 165 225 60 18.3 3.03
  275 225 50 15.2 0.44
           
BLF2017 5 20 15 4.6 0.54
  65 85 20 6.10 1.84
Including 65 75 10 3.1 3.30
  495 505 10 3.1 0.38
  515 525 10 3.1 4.08
           
BLF2018 30 45 15 4.6 1.51
  115 125 10 3.1 0.31
           
BLF2019 80 105 25 7.6 0.76
           
BLF2020 5 20 15 4.6 1.84
  130 150 20 6.1 0.49
           
BLF2021 0 30 30 9.1 1.66
  40 145 105 32.0 3.81
Including 40 80 40 12.2 9.00
* 200 ppb cut off used for composite calculations

The Bluff property is comprised of a land tract covering a total 142 sq km approximately 80 km east of the town of Nome and 24 km east of the Big Hurrah gold deposit, which NovaGold is considering for production and processing at the Rock Creek Mine. The land is owned by the Bering Straits Native Corporation and the White Mountain Native Corporation. Millrock has an option to lease the lands for mining. Valdez Gold is funding exploration work on the property to earn up to a 75% interest in the project under the terms of an agreement announced originally on April 30, 2010 (for details see here). Millrock is presently the operator for exploration activities on the project.

Drill cutting samples from the Bluff drilling program were collected at the drill site, sealed in bags and shipped to Fairbanks, Alaska for assay at ALS Chemex, an international laboratory with stringent quality control and quality assurance programs. Millrock also had its own quality control / quality assurance programs in place.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $7.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Valdez Gold, Brixton Metals and Crescent Resources.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164              
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

Millrock Signs Letter of Intent for an Agreement with Crescent Resources for Uncle Sam Gold Property, Alaska


VANCOUVER, BRITISH COLUMBIA, October 13, 2010 – Millrock Resources Inc. (MRO – TSX:V) (“Millrock” or the “Company”) announced today an agreement has been reached with Crescent Resources Corporation (“Crescent”) for the exploration of Millrock’s Uncle Sam property (“Uncle Sam”) located 75 kilometers southeast of Fairbanks, Alaska in the Tintina Gold Belt.

A letter of intent signed between the parties gives Crescent the exclusive option to earn a 100% interest in the Uncle Sam claim group in return for a cumulative US$2.5 million in exploration expenditures, US$300,000 in cash payments and Crescent share issuances to Millrock. If the earn-in agreement proceeds to December 31, 2011, Millrock will be issued that number of shares to give the Company 18% of the issued and outstanding shares of Crescent on that date.

Additionally, Crescent will issue to Millrock additional common shares in connection with independently verified gold resources defined on the Property as measured or indicated resources under National Instrument 43-101 in the following amounts:

Ounces of Gold Resources defined under NI 43-101: Common Shares of Crescent to be Issued to Millrock:
1,000,000 ounces 1,500,000 common shares
2,000,000 ounces and greater 1,000,000 common shares for every additional 1,000,000 ounces

The Uncle Sam gold project targets intrusion-related gold deposits hosted in a similar age of intrusive rocks to those which host the Pogo Gold Mine in east-central Alaska approximately 60 kilometers to the east of Uncle Sam. The Pogo Mine was discovered in the mid 1990's and hosts over five million ounces of gold. Prior exploration data indicates extensive anomalous surface gold geochemistry. Previous drilling shows a highlight intersection of 10.6 meters averaging 6.1g/t gold and a total of 18 individual drill intersections of greater than 1.0 g/t gold over drilled widths ranging from 3 to 12 m.

The Uncle Sam property was previously explored in the 1990s by Kennecott, Geoinformatics (a predecessor to Kiska Metals) and Midas Gold. Geophysical surveys have identified two intrusive bodies with associated gold mineralization. As a result of the prior exploration work, numerous drill-ready targets exist on the Uncle Sam claim block. Millrock has carried out further geochemical sampling in areas of thick overburden using innovative methods. Results of this work are pending.

Millrock will be the operator of the Uncle Sam program until November 1, 2011; thereafter, Crescent will be operator of the Uncle Sam exploration program. While the Option Agreement is in effect, Crescent will assume the underlying cash payment obligations to Kiska Metals Corporation (“Kiska”). Details of the option agreement with Kiska were announced in November 2009 here.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting an estimated $7.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross and Teck in Alaska, Vale and Inmet in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

Millrock Samples 9.1 Grams Per Tonne Gold Over 27.4 Meters At Estelle Project, Alaska


VANCOUVER, BRITISH COLUMBIA, September 23, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") today released results of exploration work carried out at its Estelle Project in south-central Alaska.

Chip sampling of mineralized outcrops at the Shoeshine prospect in the southern portion of the claim block returned the following anomalous intervals:

Chip Sample Grade Au Width
  Traverse #   (g/t)   (m)
     
SH_2010_042 9.10 27.43
SH_2010_003 1.40  7.62
SH_2010_031 5.88 15.24
SH_2010_038 1.13  4.57
SH_2010_040 1.58  3.05
SH_2010_043 1.48  3.05
     

At the Oxide Ridge prospect, 20 km to the north, two more anomalous intervals were sampled:

Chip Sample Grade Au Width
  Traverse #   (g/t)   (m)
     
OR_2010_001            1.63 3.05
OR_2010_007            1.83 3.05
     

Additionally, discovery of a new mineralized zone with disseminated arsenopyrite and tourmaline returned anomalous values in talus fines sampling. This zone, named Oxide North, is located approximately 2.5 km north of the original Oxide Ridge showing. Millrock is currently conducting induced polarization geophysical surveys to test for disseminated sulfides in the valley separating the two gold occurrences. Soil geochemical surveys in the valley have returned widespread arsenic anomalies with gold.

Millrock has expended approximately US$500,000 on the Estelle property in 2010 using funds raised from Teck Resources Limited (“Teck”) in a private placement financing completed in May, 2010. Teck's subsidiary, Teck American Incorporated ("TAI"), upon completion of the initial exploration program now being carried out by Millrock, has the right to elect to enter into an earn-in agreement. TAI can earn an initial 55% interest in the property by incurring US$3.6 million in expenditures over two years, and then a further 10% interest by sole funding an additional US$5 million in exploration expenditures on the property and making cash payments to Millrock totaling US$400,000 prior to the end of 2014.

The Estelle property, located 160 km northwest of Anchorage Alaska, was purchased by Millrock in 2009 from Hidefield Gold plc., (HIF - AIM), and Mines Trust Co. a privately held Alaska-based company. Presently, Millrock owns a 100% interest in the property which is subject to a 3.0% royalty. Consisting of 214 claims covering 13,157 hectares, the property is adjacent to Kiska Metals' Whistler copper-gold deposit, with a resource totaling over five million ounces of gold equivalent (Indicated resource: 30 million tonnes grading 0.87 g/t gold, 2.46 g/t silver and 0.24% copper [1.31Moz Gold Equivalent] and an 134 million tonnes grading 0.64 g/t gold, 2.18 g/t silver and 0.20% copper [4.44Moz Gold Equivalent], as reported on Kiska's website). Estelle is in the Kahiltna Terrane, an assemblage of rocks that hosts Northern Dynasty/Anglo American's giant Pebble copper-gold-molybdenum-silver deposit, with a resource totaling 107.4 million ounces of gold, 80.6 billion pounds of copper and 5.6 billion pounds of molybdenum (Measured & Indicated 5.942 billion tonnes at 0.42% copper, and 0.35 g/t gold and 250 ppb molybdenum using a 0.3% cutoff plus 4.835 billion tonnes at 0.24% copper and 0.26 g/t Au and 215 ppb molybdenum using a 0.3% cutoff, as reported on Northern Dynasty's website).

Previous work by Millrock at Estelle has identified high-grade gold veins spanning the property which measures approximately 5 km by 20 km. These gold-bearing veins are significant targets, but at the Shoeshine and Oxide Ridge prospects the veins are spatially associated with porphyritic intrusive rocks, quartz stockworks and hydrothermal breccias. These features, and extensive surface geochemical anomalies, indicate the potential for large, bulk minable, intrusive-related or porphyry style deposits.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $5.8 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, VEC, Inmet and Altius.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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."

 

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

Millrock Appoints Dr. Adrienne Ross as Vice President Operations


VANCOUVER, BRITISH COLUMBIA, September 14, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") today announced that is has appointed Dr. Adrienne Ross as Vice President Operations.

With more than 15 years global experience in the mineral industry, Dr. Ross brings a combined exploration, mining, and research perspective to this newly created corporate position in Millrock. Dr. Ross will be responsible for technical and administrative oversight of the exploration projects Millrock operates on behalf of its joint venture partners.

Gregory Beischer, Millrock President & CEO, stated, "Adrienne Ross is a great addition to Millrock’s executive team. Dr. Ross’ contribution will ensure that as the Company grows, Millrock will continue to deliver excellent exploration programs. Her work will allow Vice President of Exploration Philip St. George to devote even more time to the crucial function of generating exploration projects to further expand the Company’s portfolio. Millrock has established itself as a sustainable, cash-flow positive, premier Project Generator exploration company focused on Alaska and Arizona. The addition of Dr. Ross fits well with the Company’s strategic growth plan and ultimately increases the chance that Millrock will make ore body discoveries."

Dr. Ross has worked for both junior and major exploration companies including Homestake and Placer Dome in Canada and Tanami Gold NL in Australia. She has also worked for the Geological Survey of Western Australia as a regional geoscientist.

Dr. Ross obtained her doctorate at the University of Western Australia and is noted for her thesis on the 6 million ounce Kanowna Belle Gold Deposit. The results of her research influenced exploration models in the area and she was commended for ending a ten-year controversy on the origin of the deposit. More recently, Dr. Ross worked with the Discovery Group, initially as a Senior Geologist for Committee Bay Resources, then later as Vice President Exploration for Cedar Mountain Exploration, before she was promoted to President of Cedar Mountain Exploration.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier Project Generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eight active exploration projects in Alaska, and three porphyry copper projects in Arizona. Its joint venture partners, underwriting some $5.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

Millrock Reports on Drilling Results, Expanded Drilling Program and Property Acquisition at Galiuro


Millrock Reports on Drilling Results, Expanded Drilling Program and Property Acquisition at Galiuro Project, Arizona

VANCOUVER, BRITISH COLUMBIA, September 7, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") released results of exploration work carried out at its Galiuro porphyry copper-gold project in southeastern Arizona. Also, the Company has reported that the funding partner, Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. ("VALE"), has approved a supplemental program and budget of $1 million for further drilling in fall 2010. Additionally, in conjunction with VEC, Millrock has more than tripled the size of the property by acquiring additional mineral rights to cover a second porphyry system to the east.

Recent drilling by Millrock resulted in the discovery of porphyry copper mineralization and alteration in Cretaceous – aged rocks hidden beneath Tertiary volcanic cover rocks. While no ore grade intersections were obtained, Millrock geologists are strongly encouraged by the results.

Philip St George, Millrock VP of Exploration stated: "The drilling results are very exciting. We’ve intercepted copper porphyry alteration and mineralization. As we suspected from our mapping, Tertiary volcanic cover is quite thin. The rocks we have drilled are indicative of higher levels and/or proximal alteration assemblages in a porphyry system. Further drilling to depth, and in interpreted upthrown fault blocks to locate the ore shell of this porphyry system is warranted and will be carried out as soon as possible."

The drilling and other exploration work done by Millrock and VEC allows the companies to conclude that:

  • The ZTEM airborne geophysical system has been successful in identifying areas of increased conductivity in Laramide-aged rocks below Tertiary cover due to disseminated sulfides, clay alteration and structures.
  • As indicated by diatreme breccia-style mineralization, silicification and advanced argillic alteration, the level of paleo-exposure in the sub-Tertiary cover rocks is shallow, probably within 500 m of the paleosurface.
  • A porphyry environment with favourable host rocks and potential for high grade deposits is indicated by the presence of bornite mineralization and diabase host rock.

Hole GAL_1001, drilled to 1,591 ft intersected hematite and goethite rich leach cap and phyllic altered (quartz-sericite-pyrite) rocks with pyrite content of 1% to 2%. Copper oxides and fine disseminated chalcocite replacing pyrite was observed. The intersection from 1,314.5 ft to 1,338.8 ft graded 0.2% Cu over 24.3 ft. Diatreme breccia was also intersected in the hole.

In Hole GAL_1002, a hole drilled to 2,229 ft, a porphyry system was indicated by acid leached diorite porphyry intersected below Tertiary volcanics at 786 ft. Near the bottom of the hole phyllic alteration (quartz-sericite-pyrite) with 3-4% pyrite and minor chalcopyrite and chalcocite was intersected, as was intrusive breccia with bornite. The sulfides in these two holes explain the ZTEM conductive zones. Two anomalous intersections were obtained in GAL_1002. The first intersection is form 919.0 ft to 929.5' for 10.5 ft grading 0.12% Cu. The second intersection is from 1,924.5 ft to 1,979 ft for 54.5 ft grading 0.06% Cu. The presence of bornite is quite encouraging, as it typically occurs only in unusually high grade porphyry systems such as at the Resolution deposit located 80 km to the northeast of the Galiuro project.

Hole GAL_1003 was drilled to a depth of 1,979.0 ft in a porphyry system after cutting below late, post-mineral Tertiary basalt from the collar down to 720 ft. Pre-mineral rocks to the bottom of the hole include a mix of Laramide diorite and andesite with Precambrian sediments and diabase. The presence of diabase is encouraging as it can create a chemical trap for high grade mineralization. The higher-grade portions of the nearby Resolution and Ray deposits are hosted by diabase, The diabase is cut by numerous magnetite veinlets that may be related to potassic alteration. No significant copper results were obtained from laboratory analysis of the drill core.

The following table provides information on each hole drilled:

HoleID From To Interval Cu_ppm Mo_ppm Zn_ppm Pb_ppm Au_ppb
gal_1001 1314.50 1338.80 24.3 2012.32 1.28 116.50 694.25 7.47
gal_1001 1495.00 1515.00 20 15.75 1.29 696.25 237.47 0.50

HoleID From To Interval Cu_ppm Mo_ppm Zn_ppm Pb_ppm Au_ppb
gal_1002 919.00 929.50 10.5 1233.56 7.81 117.29 1465.78 21.81
gal_1002 1224.00 1339.00 115 114.73 1.79 472.10 102.09 27.85
gal_1002 1538.00 1547.00 9 46.40 3.80 17.00 40.60 301.00
gal_1002 1924.50 1979.00 54.5 598.49 1.62 321.16 344.97 14.31
gal_1002 2063.50 2099.50 36 108.04 1.14 907.42 69.93 6.76
gal_1002 2159.00 2229.00 70 36.52 1.93 491.16 39.49 1.79

HoleID From To Interval Cu_ppm Mo_ppm Zn_ppm Pb_ppm Au_ppb
gal_1003     No Significant Results      

The target at the Galiuro project is a large porphyry copper +/- gold deposit hidden beneath alluvium and Tertiary volcanic cover. The property is situated at the intersection of the Resolution and San Manuel / Kalamazoo porphyry copper trends. Because of the Tertiary volcanic cover, little exploration work has been previously done by other companies. Through careful geological mapping in combination with airborne magnetic and ZTEM geophysical surveys, Millrock has identified numerous targets that may represent porphyry deposits. Additional drilling has been approved by Millrock’s funding partner VEC. VEC has the option to earn a 60% interest in the project through exploration expenditures totaling US$3.5 million and payments totaling US$850,000. The earn-in agreement is in its second year, and VEC has expended approximatelyUS$1.5 million on the property to date. Millrock is the exploration operator. VEC may earn an additional 10% interest, for a total of 70%, by funding a feasibility study.

Given the success of this drilling program, Millrock and Vale have significantly expanded their land position to the south and west. Additionally, a very large block of claims was staked to the east to cover the Fourmile target. This circular magnetic feature is ringed by a strong ZTEM conductive zone. Intense argillic alteration is known from rock exposures and prior drilling on the west side of the structure. In total, an area of over 11,000 acres was staked, bringing the total area covered to approximately 16,800 acres. Millrock and VEC will further advance both targets later in 2010 and throughout 2011.

For the current drilling program, samples of drill core were obtained by splitting core at Millrock’s Mammoth, Arizona facility. In total, 495 samples were collected, and sealed in bags for shipping to Skyline Labs in Tucson, Arizona where the samples were prepared, then sent to Assayers Canada in Vancouver, British Columbia for both Au Fire Assay/AA and ICPMS/AR. A quality assurance and quality control ("QAQC") program was in place for the drilling program. A total of 65 standards, blanks and field duplicates were submitted along with core samples. The lab returned acceptable results for all QAQC samples. A small population of core sample pulps was sent to a third independent lab, and the values obtained were consistent with original assays.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $5.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, VEC, Inmet and Altius.

About Vale Exploration Canada Inc.

VEC is a wholly-owned subsidiary of VALE, the world's second largest mining company by market capitalization with its headquarters in Brazil. VALE reported operating revenues of US$23.9 billion and net earnings of US$5.3 billion as of December 31, VALE is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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"

Millrock Closes Non-Brokered Private Placement


Millrock Closes Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA, August 19, 2010 - Millrock Resources Inc. (MRO - TSX:V) announces it has closed the non-brokered private placement announced August 11, 2010.  The Company issued 2,500,000 units for gross proceeds of $1,000,000, with each unit consisting of one common share and one share purchase warrant.  Each share purchase warrant entitles the holder thereof to purchase one additional common share at a price of $0.55 until August 19, 2012. 

Finder's fees of 7% were paid on a portion of the financing as follows:  $63,000 in cash, 17,500 finder's warrants and 140,000 finder's options.  Each finder's warrant is exercisable into one common share at a price of $0.55 until August 19, 2012.  Each finder's option is exercisable into one unit at $0.40 per unit.  Each unit under the finder's options has the same terms as the units under the private placement.

All of the securities issued hereunder are subject to a four month hold period and may not be traded until December 20, 2010.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight active exploration projects in Alaska, and three in Arizona.  Six of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects.  Drilling is planned on at least four of the Company's projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place
Vancouver, BC V6C 3E1

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

Millrock Resources Announces Financing


VANCOUVER, BRITISH COLUMBIA, August 11, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") announces a private placement of C$1,000,000 to purchase 2,500,000 units at a price of $0.40 per unit. Each unit consists of one common share of Millrock and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.55 for a period of two years from the closing date. Finder's fees of 7% cash and 7% finder's warrants may be paid on a portion of the financing. The financing is subject to TSX-V approval.

The proceeds from this financing with a small group of long term strategic investors will be used to generate new exploration projects and provide funds for general corporate purposes.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight active exploration projects in Alaska, and three in Arizona. Six of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects. Drilling is planned on at least four of the Company's projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Signs Exploration Agreement With Brixton Metals For Monte Cristo And St. Eugene Properties, Alaska


VANCOUVER, BRITISH COLUMBIA, July 22, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today an agreement has been reached with Brixton Metals Corporation ("Brixton") for the exploration of Millrock's Monte Cristo and St. Eugene properties ("Cristo claim group") in the Kahiltna region of southern Alaska.

A letter of intent has been signed between the parties which gives Brixton the exclusive option to earn a 100% interest in the Cristo claim group in return for a cumulative US$5 million in exploration expenditures, US$350,000 in cash payments, 1.5 million Brixton shares, and 1.5 million Brixton share purchase warrants with an exercise price of $1.00 per share over a four-year term.

The target at Cristo is a large Intrusion-Related gold or porphyry copper-gold deposit. Numerous rusty zones indicative of sulfide mineralization were sampled by Millrock in 2009. Extensive alteration zones with strongly anomalous gold and copper values were detected. Additional work is presently underway to further characterize the alteration and better define the new mineral discoveries. The project is in mountainous terrain hosting receding glaciers. As the glaciers recede, new mineral occurrences are being revealed.

Millrock will be the operator of the Cristo program during the first part of the 3.5 year earn-in period and will deliver an exploration NI-43-101 report by December 31, 2010; thereafter, Brixton will be operator of the Cristo exploration program beginning January 1, 2011.

The Cristo claim group, and other claims which may be staked in a prescribed Area of Interest, are subject to a 2% net smelter royalty (NSR) on gold and 1% NSR on all other metals production in favor of Altius Minerals Corp. ("Altius"), Millrock's partner in a strategic alliance of regional prospecting in Alaska which resulted in the staking of the Cristo property in early 2010. Upon full exercise of the option, Brixton will grant a further royalty interest to Millrock, an NSR of 1.0% on gold and 0.5% on all other metals.

The Kahiltna Terrane, where the Millrock-Altius prospecting alliance has been most active, is a geologic region of south-central Alaska which also hosts the giant Pebble deposit of Anglo-American and Northern Dynasty, as well as Kiska Metals' Whistler copper-gold deposit which is adjacent to Millrock's Estelle gold property being explored in joint venture with Teck American Incorporated ("Teck").

"With our recent exploration agreement with Teck at Estelle, and now the participation of Brixton at Cristo, the Kahiltna Terrane has the look of a regional gold play in the making," said Millrock President Gregory Beischer. "Through its project generation activities Millrock is revealing the tremendous potential of this largely unexplored portion of Alaska's Kahiltna Terrane."

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting a minimum $3.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross and Teck in Alaska, Vale and Inmet in Arizona.

About Brixton Metals Corporation

Brixton's mission is to create wealth through exploration by acquiring large scale metal deposits and advancing exploration to feasibility.  Brixton is in the process of becoming a TSX.V listed public company.  Brixton has 3 properties, Thorn (Au-Ag-Cu) located in BC, Stawell (Au) located in Australia, and now Cristo (Au, Cu) located in Alaska.  Brixton intends to capitalize on strong macro trends that will see the demand for its projects increase along with the value created for Brixton shareholders.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

Millrock Provides Drilling Update from Council & Bluff Gold Projects in Alaska


VANCOUVER, BRITISH COLUMBIA, July 21, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") released today an update on its drilling of two gold projects in the Seward Peninsula of western Alaska, Council and Bluff.

At the Council gold project, a joint venture with Kinross Gold Corporation ("Kinross"), with Millrock as operator, completed 2,062 metres of reverse circulation drilling to test for hardrock deposits in the historical placer mining region east of Nome, Alaska. The Millrock-Kinross joint venture at Council (for details see here) entails a large land package where over 300,000 ounces of past placer gold production have been recorded. Drilling was done at the Albion prospect, and on a large geochemical anomaly located on lands owned by the Bering Straits Native Corporation and Council Native Corporation.

Samples from the 17-hole Council drilling program have been shipped to Fairbanks Alaska for assay; preliminary XRF analysis indicated numerous intercepts with anomalous gold pathfinder elements of arsenic and antimony. A supplemental geological mapping, prospecting and geochemical program designed to identify additional targets for 2011 drilling has been authorized by Kinross. Rock chip samples collected during the reverse circulation drilling program will be compiled as they are received from the laboratory over the coming weeks. It is anticipated that all results will be in hand and ready for publication in late August or early September.

At the Bluff gold project, a joint venture with Valdez Gold Inc. ("Valdez"), initial drilling by the partners, with Millrock as operator, is scheduled to begin July 23rd. Approximately 4,500 metres of reverse circulation drilling is planned as part of a US$1.2 million 2010 exploration budget. Valdez can earn up to a maximum 75% interest in Bluff with expenditures of US$6 million in exploration, US$900,000 in option payments and share issuance of two million Valdez shares. (For details see here.)

The Bluff property is comprised of a land tract covering a total 142 sq km approximately 80 km east of the town of Nome and 24 km east of the Big Hurrah gold deposit, which NovaGold is considering for production and processing at the Rock Creek Mine. The land is owned by the Bering Straits Native Corporation and the White Mountain Native Corporation. Millrock and Valdez have an option to lease the lands for mining.

At Bluff, structurally controlled gold mineralization occurs within a 6.4 km long, arcuate band of schistose rocks near a contact with marble. Drilling by BHP Billiton Ltd. ("BHP") in the late 1980s identified three zones of mineralization. The zones contain several significant intersections including 5.48 g/t gold over 10.9 meters, 4.19 g/t gold over 4.5 meters, and 1.93 g/t gold over 16.3 meters.

Millrock explored the property in 2008 with geological mapping and soil sampling identifying new zones of mineralization and high priority drill targets. Drilling and resampling of BHP core confirmed the presence of gold mineralization. Significant drilling is required on all zones to establish and delineate gold resources. There are numerous drill targets adjacent and down-dip from known gold zones and untested surface geochemical anomalies.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $3.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

Millrock Announces Appointment of New Director


VANCOUVER, BRITISH COLUMBIA, July 19, 2010 - VANCOUVER, BRITISH COLUMBIA, Millrock Resources Inc. (MRO - TSX:V) ("Millrock", or the "Company") announces the appointment of Mr. Roland Butler to the Board of Directors.

Mr. Butler graduated from Memorial University in Newfoundland and Labrador (B.Sc., Geology) in 1996 and was the co-founder of Altius Minerals Corporation (ALS:TSX). He served as Vice President and Director of Altius from listing in October 1997 through to March 2010 and also served as CFO until 2003 and COO from 2007. During that time, he played an integral part in a successful business model of generating mineral exploration projects and pursuing joint venture and royalty agreements or creating new companies with third parties. He was also co-recipient of the Entrepreneur of the Year Award 2008 by the Faculty of Business Administration, Memorial University on behalf of Altius Minerals Corporation.

Millrock's President and CEO Gregory Beischer stated: "Millrock is very pleased to have Roland Butler as a director as we build a leading company through the prospect generation and joint venture business model."

Pursuant to the terms of the Company's stock option plan, Mr. Butler has been granted 200,000 incentive stock options exercisable at $0.40 per share for a period of five years. Mr. Butler was a participant in the recent private placement financing completed by Millrock.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $3.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Gregory A. Beischer
(604) 638-3164

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

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

Millrock Resources Closes Financing with Altius Minerals


VANCOUVER, BRITISH COLUMBIA, July 8, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") announced today that the financing announced on June 29, 2010 has closed for gross proceeds of $131,250. Millrock has issued 375,000 units to Altius Minerals Corp., with each unit consisting of one common share of Millrock and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share of Millrock at a price of $0.50 for a period of two years from the closing date.

The securities issued hereunder may not be traded until November 8, 2010.

Proceeds from the financing will be used for exploration work under the strategic alliance between Millrock and Altius.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed Company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight active exploration projects in Alaska, and three in Arizona.  Six of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects.  Drilling is planned on at least four of the Company's projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Resources Announces Financing with Altius Minerals


VANCOUVER, BRITISH COLUMBIA, June 29, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") announced today that, under an anti-dilution clause in a subscription agreement dated June 14, 2009 between Millrock and Altius Minerals Corp. ("Altius"), Altius is participating in a private placement of C$131,250 to purchase 375,000 units at a price of $0.35 per unit. Each unit consists of one common share of Millrock and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.50 for a period of two years from the closing date. The financing is subject to TSX-V approval. With the completion of this financing Altius will own 8,307,046 Millrock shares, representing approximately 14.16% of the total issued and outstanding shares of the Company.

Proceeds from the financing will be used for exploration work under the strategic alliance between Millrock and Altius.

About Millrock Resources Inc.
Millrock is a TSX Venture Exchange listed Company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight active exploration projects in Alaska, and three in Arizona.  Six of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects.  Drilling is planned on at least four of the Company's projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Commences Drilling at Council Joint Venture With Kinross Gold


VANCOUVER, BRITISH COLUMBIA, June 23, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today drilling has begun at the Council gold project in Alaska, a joint venture with Kinross Gold Corporation (NYSE: KGC, "Kinross"). Details of the final agreement with Kinross on Council were announced on December 15th 2009 (here).

The Council District, located, on the Seward Peninsula of western Alaska, is an area of extensive past placer gold production. The US$800,000 2010 exploration program, with Millrock as operator, will include approximately 2,500 metres of reverse circulation drilling to test for hard-rock gold deposits in the uplands surrounding the historic placer workings.

"Our goal with Kinross on the Council project is to locate the bedrock source of this alluvial gold," said Gregory Beischer, President and CEO of Millrock. "We are targeting sediment-hosted vein deposits and there are strong indications of such deposits from historic data and from geological and geochemical surveys we conducted over the past two years."

The exploration agreement with Kinross, which was executed late in 2009, covers a 900 sq km area of interest located approximately 100 km by road to the east of Nome, Alaska, where over 300,000 ounces of placer gold have been produced. Kinross can earn a 55% joint venture interest in Millrock's Council properties, and any other properties secured by the companies in the Area of Interest, by incurring exploration expenditures of US$3 million and paying Millrock a total of US$260,000. Kinross may earn a further 20% interest, for a total 75% interest, by expending another US$3 million and by assuming obligations of two underlying agreements on the Council project's area of interest.

One of the underlying agreements concerns the Albion block, consisting of 51 State of Alaska claims covering 2,231 hectares, purchased by Millrock for 500 ounces of gold bullion in annual installments and a minimum US$250,000 in exploration expenditures. The second underlying agreement is with the Bering Straits Native Corporation ("BSNC") concerning leasehold rights Millrock acquired for the Council project, as part of a comprehensive agreement on BSNC's 395 sq km of lands on the Seward Peninsula which calls for certain exploration expenditures, cash payments and royalties as detailed in a 2008 news release (here). Large gold-arsenic soil geochemical anomalies in geologically favourable host rocks with structural controls have been identified on these two land blocks. These anomalies will be the focus of the initial drilling program that has just commenced. Approximately 20 shallow reverse circulation holes will be drilled in the first pass program.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, 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. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross and Teck in Alaska, Vale and Inmet in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

Millrock Closes Non-Brokered Private Placement


VANCOUVER, BRITISH COLUMBIA, June 9, 2010 - Millrock Resources Inc. (MRO - TSX:V) announces it has closed the non-brokered private placement announced June 1, 2010. The financing was over-subscribed. The Company raised gross proceeds of $1,656,900 and issued 4,784,000 units, with each unit consisting of one common share and one share purchase warrant. Each share purchase warrant entitles the holder thereof to purchase one additional common share at a price of $0.50 until June 9, 2012.

Finder's fees of 7% were paid on a portion of the financing as follows: $82,075 in cash, 21,000 finder's warrants and 210,000 finder's options. Each finder's warrant is exercisable into one common share at a price of $0.50 until June 9, 2012. Each finder's option is exercisable into one unit at $0.35 per unit. Each unit under the finder's options has the same terms as the units under the private placement.

All of the securities issued hereunder are subject to a four month hold period and may not be traded until October 10, 2010.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed Company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight active exploration projects in Alaska, and three in Arizona.  Six of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects.  Drilling is planned on at least four of the Company's projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place
Vancouver, BC V6C 3E1

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

Millrock Announces Amended Alaskan Exploration Alliance with Altius Minerals


VANCOUVER, BRITISH COLUMBIA, June 4, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced today amendments to its strategic alliance with Altius Minerals Corp. ("Altius"). The alliance, launched a year ago, provided for Altius to finance and Millrock to conduct regional reconnaissance in certain areas of interest of Alaska.  The goal of the alliance is to identify and stake prospective mineral properties suitable for earn-in joint venture agreements with third parties. The initiative produced several new projects.  The alliance has been amended to streamline the joint venturing process and raise new capital through accelerated warrant exercise.

Amendments that Millrock and Altius have agreed to include:

  • Prior to June 10, 2010, Altius will exercise all of the Millrock warrants it holds for the purchase of 4,227,223 common shares at a price of $0.30 per share
  • Millrock to issue Altius new warrants for the purchase of 3,450,000 common shares at a price of $0.45 per share for a period of five years
  • Altius to withdraw from planned joint venture agreements on the Monte Cristo and St. Eugene properties
  • The NSR royalty paid to Altius increased to 2% on gold and 1% on other commodities and pertains to all properties staked in the area of interest from the date of the amendment, plus the Monte Cristo, St. Eugene and Kemuk claim blocks

Millrock is still required to expend all funds from Altius' exercise of warrants, and from its original private placement, on the alliance's area of interest.

"Our grassroots exploration alliance with Altius has been very effective thus far in identifying some exciting new gold and copper-gold prospects in Alaska," said Gregory Beischer, president of Millrock. "The revised agreement is designed to simplify the joint venturing process as we attract other mining companies to our areas of interest to help finance exploration. The amended agreement also calls for an early exercise of warrants by our partner Altius which provides a substantial cash injection to fund ongoing reconnaissance and staking," he added.

The amendments to the Altius alliance are subject to TSX Venture Exchange approval.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in the mineral rich frontiers of Alaska and Arizona, Millrock identifies and packages large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. As operator, Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $3.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck and Altius in Alaska, and Vale and Inmet in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

 

Millrock Announces Non-Brokered Private Placement


VANCOUVER, BRITISH COLUMBIA, June 1, 2010 - Millrock Resources Inc. (MRO - TSX:V) intends to complete a non-brokered private placement consisting of up to 4,300,000 units at a price of $0.35 per unit for gross proceeds of up to $1,500,000.  Each unit shall consist of one common share of Millrock and one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of $0.50 for a period of two years from the closing date. 

Finder’s fees may become payable in connection with this private placement.

Proceeds from the financing will be used for staking and acquisition of gold projects in Alaska, reconnaissance surveys and claim maintenance costs, marketing to potential partners and general corporate purposes. The financing is subject to approval from the TSX Venture Exchange.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed Company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight active exploration projects in Alaska, and three in Arizona.  Six of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock’s projects.  Drilling is planned on at least four of the Company’s projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Gregory A. Beischer
(604) 638-3164

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

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

Millrock Closes Financing


VANCOUVER, BRITISH COLUMBIA, May 26, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") announces that it has closed the private placement with Teck Resources Limited ("Teck"), details of which can be found in the Company’s news release dated May 4, 2010. 

Millrock has issued 1,363,636 units at $0.44 per unit to Teck.  Each unit is comprised of one common share and one share purchase warrant.  Each share purchase warrant is exercisable at $0.53 per share until May 27, 2011 and thereafter at $0.62 per share until May 27, 2012.

All of the securities issued hereunder are subject to a four month hold period and may not be traded until September 27, 2010.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight (8) active exploration projects in Alaska, and three (3) in Arizona.  Six of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock’s projects.  Drilling is planned on at least four (4) of the Company’s projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Provides Corporate Update


VANCOUVER, BRITISH COLUMBIA, May 12, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company"), following a very active run-up to the beginning of our 2010 field season, is pleased to provide a summary update of the Company’s recent project and financing activity, and the exploration planned for 2010:

  • Eleven Gold/Copper Projects Generated in Alaska and Arizona
  • Five Working Partners Secured to Finance Exploration
  • Kinross, Teck and Altius Take Substantial Equity Positions
  • Drilling Begins at Galiuro Porphyry Copper Prospect in Arizona
  • Major Drilling Programs on Gold Projects Planned for Summer 2010 in Alaska 

Robust Project Generation

Millrock has established itself as a premier "Project Generator" company. In its goal to discover and develop gold and copper deposits in North America, the Company generated eleven large-scale projects in Alaska and Arizona, seven new projects in the last year alone. In Alaska, focus has been on three emerging gold districts, the Kahiltna Terrane, the Seward Peninsula and the Tintina Gold Belt. In Arizona, our projects are within the proven San Manuel/Copper Creek and Safford/Morenci porphyry copper producing districts in the southeast portion of the state.

Kahiltna Terrane, Alaska

Millrock has four projects in this area of south-central Alaska in what appears to be a northern extension of the system that hosts the giant Pebble deposit. The principal project is the 13,157 hectare Estelle property, which has been optioned by Teck American Incorporated. In the agreement (see here) announced May 4, 2010, Teck is investing $600,000 in Millrock for the exclusive right to earn a 65% interest in Estelle with the expenditure of $8.6 million over four years and payment of US$400,000.

Estelle has some excellent surface indications of a large-scale gold deposit. Millrock and Teck will do further surface exploration in summer 2010 to define and develop drill targets for an aggressive program in 2011. Estelle is just west of Kiska Metals’ advanced Whistler project.

In alliance with Altius Resources, Millrock accelerated its regional reconnaissance in the past year resulting in the staking of three other properties in the Kahiltna Terrane. The 1,878 hectare Monte Cristo and the 1,683 hectare St. Eugene properties were both designated for joint venture by Altius. The third, the 2,331 hectare Revelation property, about 50 km further northwest, is in proximity to International Tower Hill’s Terra property. Following our project generator model, all three properties are available for option in this emerging area gold play.

Seward Peninsula, Alaska

In this historical placer mining region of western Alaska, Millrock has packaged two large projects, predominantly land leased from the Bering Straits Native Corporation. The aim of this innovative partnership (see here) is to unlock the mineral wealth of this rich but underexplored region of Alaska.

The Bluff project covers 142 sq km about 80 km east of Nome, ground previously worked by BHP Minerals in the 1980s. A limited drilling program by Millrock in 2008, confirmed the gold resource potential of the property and in 2009 an option agreement was reached with Valdez Gold Inc. to underwrite further exploration. A drilling program of approximately 5,000 m is planned to start in July 2010.

The Council project, comprising three land tracts (Council, Albion and Warm Creek) and a surrounding area of interest covering over 900 sq km, is under option to Kinross Gold Corporation. Drilling is planned to begin in June with Millrock as operator. The overall aim of the Kinross-Millrock joint venture is to locate the bedrock source of the alluvial gold which has been placer mined in the past, some 300,000 to 500,000 ounces.

Tintina Gold Belt, Alaska

This prolific belt, source of historical placer gold production and host to the Pogo and Fort Knox gold mines and the Donlin Creek deposit, spans east-west from BC/Yukon to western Alaska, and has seen burgeoning exploration activity in recent years. Most notable has been the gold discovery in the western Yukon of Underworld Resources, recently acquired by Kinross, and the Livengood project of International Tower Hill Mines. Millrock’s two properties are located in eastern Alaska.

The Uncle Sam property, covering 3,131 hectares 75 km southeast of Fairbanks, was acquired from Kiska Metals in 2009. With abundant local infrastructure supporting exploration and several attractive drill targets, Uncle Sam is currently the subject of joint venture negotiations that could potentially fund drilling on this highly prospective gold property this field season.

The Fortymile property covers a 100%-owned 9,107 hectare claim package in east-central Alaska near the Yukon border, a historic mining region where over 300,000 ounces of placer gold production has been recorded. Data acquired from Kennecott in 2009 points to a number of targets that warrant drilling. Millrock is currently seeking a joint venture partner.

Galiuro Project, Arizona

The project, covering 2,553 hectares staked in 2008, is located 80 km southeast of the Resolution deposit in southeast Arizona, currently being drilled by Resolution Copper Mining, a joint effort of Rio Tinto and BHP Billiton. Resolution is reported to contain an Inferred Resource of 1.34 billion tonnes containing 1.51% copper and 0.04% molybdenum. The Galiuro claim block is situated on the San Manuel-Copper Creek porphyry copper trend, with the Copper Creek property just west of the claim block and a very large, intense alteration zone to the east.

In spring 2009, Galiuro was optioned by Vale Exploration Canada Inc. which may expend up to US$3.5 million and make cash payments totaling US$850,000 prior to December 31, 2012 to earn a 60% participating interest in the property. With Millrock as operator, Vale has agreed to a $600,000 drilling program for 2010 which has just begun.

San Jose & Dry Mountain Project, Arizona

These two properties, which cover a total 4,172 hectares, are located on the highly prolific Safford and Morenci porphyry copper trends in southeastern Arizona. The series of deposits in this region account for some 10 billion tons of past copper ore production.

In 2009 the properties were optioned to Inmet Mining Corporation which may expend US$4.0 million and make cash payments totaling US$300,000 to earn a 70% interest. Millrock will operate the 2010 field program that will entail a $500,000 spring program of geophysical surveys designed to refine drill targets, with drilling to follow as early as fall.

Major Working Partners Secured

A significant achievement of our Company in the last year was establishing Millrock as a premier project generator to the mining industry. Representative of the value we offer in that role is the quality of working partners we have attracted. Teck, among our industry’s leaders and an experienced operator in Alaska, chose our Estelle project to renew its Alaskan gold exploration and development initiatives.

As a project generator, we identify and package mineral properties for exploration, and enlist partners to underwrite the costs. The search for major new mineral deposits is an expensive business, and sharing the risk/reward with Millrock we are fortunate to also count as partners such leading industry names as Vale, Inmet and Kinross, as well as another successful project generator – Altius Resources Inc. Our strategic alliance with them, forged early in 2009, afforded the financial means necessary to continue our regional reconnaissance when the markets for exploration financing were still very tight.

Financings Raised Over $3 Million

As markets improved throughout 2009 and into 2010, Millrock succeeded in raising over $3 million via private placement. Most gratifying is that three of our working partners -- Teck (2.8%), Kinross (6.4%) and Altius (8.9%) – took significant equity stakes in our Company.

2010 Exploration Budgeted at $3.5 Million; Drilling Begun

The 2010 field season, with expenditures budgeted at $3.5 million, has begun. Among four planned drilling programs, Galiuro is the first to commence and we began pulling core on May 4th. Drilling at Bluff and Council is scheduled to begin in June/July and drilling at San Jose/Dry Mountain is anticipated to commence in the fall.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed Company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight active exploration projects in Alaska, and three in Arizona.  Six of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock’s projects.  Drilling is planned on at least four of the Company’s projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

Millrock Announces Financing and Agreement for Exploration of Estelle Gold Property in Alaska


VANCOUVER, BRITISH COLUMBIA, May 4, 2010 (MRO - TSX:V) ("Millrock" or "The Company") announced today it has signed a letter agreement with Teck American Incorporated ("TAI"), a subsidiary of Teck Resources Limited ("Teck") for a private placement financing for further exploration of Millrock's Estelle gold property northwest of Anchorage, Alaska.

"Millrock is pleased to have Teck as a shareholder, and we look forward to working with them on the Estelle project," said Gregory Beischer, President & CEO of the Company. "We will be initiating a well-funded, comprehensive, systematic exploration program that the project deserves."

Teck will invest C$600,000 in Millrock through the purchase of 1,363,636 units at $0.44, a 25% premium on the prior 20-day weighted average price (WAP) of the Company's shares. The financing is to occur within ten days of approval of the agreement by the TSX Venture Exchange. The units consist of one common share and one share purchase warrant. The warrants will be exercisable within 12 months at a price of WAP plus 50% and for an additional 12 months at WAP plus 75%. The initial share purchase will result in Teck owning approximately 2.8% of Millrock's current outstanding shares.

Millrock will advance the property in summer 2010 by conducting a comprehensive geological, geochemical and geophysical program that will be designed in consultation with TAI. Upon completion of the initial exploration program, TAI can earn an initial 55% interest in the property by incurring US$3.6 million in expenditures over two years ("First Option"). TAI can then earn an additional 10% interest by sole funding an additional US$5 million in optional Expenditures on the Property and making optional cash payments to Millrock totaling US$400,000 prior to the end of 2014 ("Second Option").

The Estelle property, located 160 km northwest of Anchorage Alaska, was purchased by Millrock in 2009 from Hidefield Gold plc., (HIF - AIM), and Mines Trust Co. a privately held Alaska-based company. Presently, Millrock owns a 100% interest in the property which is subject to a 3.0% royalty. Consisting of 214 claims covering 13,157 hectares, the property is adjacent to Kiska Metals' Whistler copper-gold deposit, with a resource totaling over five million ounces of gold equivalent (Indicated resource: 30 million tonnes grading 0.87 g/t gold, 2.46 g/t silver and 0.24% copper [1.31Moz Gold Equivalent] and an 134 million tonnes grading 0.64 g/t gold, 2.18 g/t silver and 0.20% copper [4.44Moz Gold Equivalent], as reported on Kiska's website). Estelle is in the Kahiltna Terrane, an assemblage of rocks that hosts Northern Dynasty/Anglo American's giant Pebble copper-gold-molybdenum-silver deposit, with a resource totaling 107.4 million ounces of gold, 80.6 billion pounds of copper and 5.6 billion pounds of molybdenum (Measured & Indicated 5.942 billion tonnes at 0.42% copper, and 0.35 g/t gold and 250 ppb molybdenum using a 0.3% cutoff plus 4.835 billion tonnes at 0.24% copper and 0.26 g/t Au and 215 ppb molybdenum using a 0.3% cutoff, as reported on Northern Dynasty's website).

Work by Millrock at Estelle has identified high-grade gold veins spanning the property which measures approximately 5 km by 20 km. These gold-bearing veins are significant targets, but at the Shoeshine and Oxide Ridge prospects the veins are spatially associated with porphyritic intrusive rocks, quartz stockworks and hydrothermal breccias. These features, and extensive surface geochemical anomalies, indicate the potential for large, bulk minable, intrusive-related or porphyry style deposits. At Shoeshine, a zone of porphyry-style gold mineralization, made up of stockwork veining, and pervasive alteration, is partially exposed on a steep slope. Chip sampling across the exposed portion of the zone averaged 1.2 g/t over 12.1 metres. At Oxide Ridge, multiple zones of mineralization were located in bedrock. Chip sampling across one of the zones returned assay results averaging 1.0 g/t over 22.86 metres.

The agreement and financing is subject to approval of its filing by the TSX Venture Exchange.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight (8) active exploration projects in Alaska, and three (3) in Arizona.  Six of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects.  Drilling is planned on at least four (4) of the Company's projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

 

Millrock Finalizes Option Agreement with Valdez; Exploration of Bluff Gold Prospect, Western Alaska, Set to Commence in June


VANCOUVER, BRITISH COLUMBIA, April 30, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") announced today finalization of an Option to Joint Venture agreement with Valdez Gold Inc. (TSX-V: VAZ) ("Valdez") to explore the Bluff gold prospect on the Seward Peninsula of western Alaska. Details of the preliminary letter of intent with Valdez were announced in December 2009 (here).

The agreement grants Valdez the opportunity to earn an initial 55% interest in the Bluff project by spending US$3.0 million in exploration, making option payments of US$300,000, and issuing 900,000 shares of Valdez to Millrock prior to December 31, 2012. Valdez can earn an additional 20% for a total 75% interest by making additional exploration expenditures of US$3.0 million, further option payments of US$600,000, issuing 1.1 million additional shares of Valdez to Millrock over three years, and by meeting the obligations of lease agreements with Bering Straits Native Corporation and White Mountain Native Corporation.

With signing of the definitive agreement, the partners are now planning the 2010 exploration program to commence in June. The project will be operated by Millrock in close consultation with Valdez. Plans for the program include 5,000 metres of reverse circulation drilling designed to expand known mineralized zones and test other targets on the property.

Bluff is located approximately 80 km east of the town of Nome, Alaska on the south coast of the Seward Peninsula, on Norton Sound of the Bering Sea. A state-maintained road leads to within 18 km of the property. Bluff is 24 km east of the Big Hurrah gold deposit, which NovaGold is considering for production and processing at the Rock Creek Mine near Nome, Alaska. While there is no certainty that a similar deposit will be discovered at Bluff, Novagold reports a Probable Reserve of 1,193,000 t grading 4.82 g/t gold (185,000 ounces of gold) and an Indicated Resource of 887,000 t at 2.68 g/t gold (76,400 ounces of gold) (NovaGold Technical Report - Rock Creek and Big Hurrah Project, February 1, 2008:

http://www.novagold.com/upload/technical_reports/RockCreekFeb2008TechReport.pdf

At Bluff, structurally controlled gold mineralization occurs within a 6.4 km long, arcuate band of schistose rocks near a contact with marble. Drilling by BHP in the late 1980s identified three zones of mineralization occurring in low-angle structures interpreted to be thrust faults. The zones contain several significant intersections including 5.48 g/t gold over 10.9 meters, 4.19 g/t gold over 4.5 meters, and 1.93 g/t gold over 16.3 meters. Located at tidewater, a placer deposit that is thought to have produced over 100,000 ounces of gold in the early 1900s is located just downstream from the known lode mineralization in the shallow marine environment.

Millrock carried out exploration in 2008. Geological mapping and soil sampling identified new zones of mineralization, and identified high priority drill targets. Drilling and resampling of BHP core confirmed the presence of gold mineralization. Significant drilling is required on all zones to establish and delineate gold resources. There are numerous drill targets adjacent and down-dip from known gold zones and untested surface geochemical anomalies. A complete report documenting prior exploration work was prepared for Millrock by independent geologist Donald Stevens of Anchorage, Alaska and has been filed on SEDAR: Bluff Gold Prospect, National Instrument 43-101Technical Report June 5, 2009 Prepared by Donald L. Stevens Ph.D., and is also available by following the link immediately below:

http://www.millrockresources.com/presentations/NI43-101%20Bluff20090605-opt2.pdf

The lands upon which Bluff is located are owned by the Bering Straits Native Corporation and are leased to its wholly owned subsidiary Golden Glacier Inc. Millrock has an option to earn a 100% leasehold interest in the lands from Golden Glacier.

Completion of the transaction contemplated in this news release is subject to certain conditions including, without limitation, the receipt of all necessary regulatory and third party approvals including that of the Bering Straits Native Corporation and Golden Glacier Inc.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight (8) active exploration projects in Alaska, and three (3) in Arizona. Four of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects. Drilling is planned on at least four (4) of the Company's projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

 

Millrock Resources Announces that Kinross Increases its Stake in the Company


VANCOUVER, BRITISH COLUMBIA, April 6, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") announced today that Kinross Gold Corporation (K - TSX; KGC - NYSE) ("Kinross") has made a private placement financing of C$250,000 in which Kinross has purchased 841,042 shares of the Company at C$0.29725. The price reflects the 20-day moving average of Millrock's share price as of March 31, 2010. The financing is subject to TSX-V approval. With the completion of this financing Kinross now owns 3,028,542 Millrock shares, representing approximately 6.4% of the total issued and outstanding shares of the Company. The financing is in connection with the recently announced option to joint venture agreement between the two companies, concerning the Council gold property in western Alaska. By the terms of the option agreement Kinross had 60 days within which to make the private placement, but elected to move immediately to make the share purchase. From a prior financing arrangement Kinross holds 1,093,750 share purchase warrants at C$0.21 that may be exercised prior to June 4, 2011 and an anti-dilution right to participate in future financings.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight (8) active exploration projects in Alaska, and three (3) in Arizona.  Four of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects.  Drilling is planned on at least four (4) of the Company's projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

Millrock Finalizes Alaskan Exploration Agreement with Kinross; Drill Program to Commence at Council Gold District Alaska in July


VANCOUVER, BRITISH COLUMBIA, April 5, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") announced today finalization of an agreement with Kinross Gold Corporation (K - TSX; KGC - NYSE) ("Kinross") to explore the Council District on the Seward Peninsula of western Alaska, an area of extensive past placer gold production. Details of the preliminary agreement with Kinross were first announced on December 15th 2009 (here).

With the signing of the definitive agreement, the property exploration partners are now planning an initial exploration program for 2010, scheduled to begin early July. The program will include approximately 2,500 m of drilling to test for hard-rock gold deposits in the uplands surrounding the historic placer workings.

The exploration agreement with Kinross covers a 900 sq km area of interest. The project is in western Alaska, approximately 100 km by road to the east of Nome in the Council Mining District, where over 300,000 ounces of placer gold have been produced. Millrock and Kinross are targeting sediment-hosted vein deposits in the project area and have discovered strong indications of such deposits through historic data compilation, and recent geological and geochemical surveys.

Kinross can earn a 55% joint venture interest in Millrock’s Council properties, and any other properties secured by the companies in the Area of Interest by incurring exploration expenditures of US$3 million and paying Millrock a total of US$260,000. The initial cash payment is US$65,000 and the minimum 2010 exploration expenditure is US$500,000. Kinross may elect to increase its interest in the project to 75% by making a further US$3 million exploration expenditure. Millrock will be the project operator for 2010. The agreement includes provision for a private placement financing of C$250,000 in which Kinross will purchase shares of the Company based on a 20-day average of Millrock’s market price. This share purchase is to be completed within 60 days subject to receipt of TSX Venture Exchange approval.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight (8) active exploration projects in Alaska, and three (3) in Arizona.  Four of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock’s projects.  Drilling is planned on at least four (4) of the Company’s projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

Millrock Finalizes Option Agreement with Inmet for Exploration of San Jose and Dry Mountain Porphyry Copper Prospects in Arizona


VANCOUVER, BRITISH COLUMBIA, March 11, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company") announced today it has signed an option agreement with Inmet Mining Corporation (IMN - TSX) for the exploration of the San Jose and Dry Mountain porphyry-copper prospects in Arizona. Details of the agreement were first announced January 8, 2010 (here) upon signing of a letter of intent, and now with execution of the definitive agreement the partners are preparing to begin work. Geophysical surveys to refine drill targets are planned for spring 2010 with drilling to follow.

The San Jose and Dry Mountain properties are located on the highly prolific Safford and Morenci porphyry copper deposit trends which account for some 10 billion tons of past copper ore production. At San Jose, drilling by Noranda in the early 1990s identified a porphyry cell. Geochemical surveys indicate potential for a larger deposit nearby. At Dry Mountain, a strong copper-molybdenum geochemical anomaly 10 km in diameter has been outlined. Both properties are covered with overburden but bedrock is relatively near-surface.

The Option to Joint Venture agreement, which is subject to TSX Venture Exchange approval, gives Inmet the opportunity to earn a 70% interest in the two claim blocks by spending US$4.0 million on exploration and making option payments of US$300,000. The 2010 exploration expenditure commitment is US$500,000 and the initial payment is US$50,000. Millrock will be the operator in the first year of exploration and thereafter at Inmet's discretion.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight (8) active exploration projects in Alaska, and three (3) in Arizona.  Four of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects.  Drilling is planned on at least four (4) of the Company's projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

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

Millrock Stakes First Properties in Alaskan Alliance with Altius


VANCOUVER, BRITISH COLUMBIA, February 16, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or "the Company") announced today that it has staked two claim blocks in the Kahiltna Terrane of Alaska that will form the basis of two 50% - 50% joint ventures with Altius Resources Inc., a wholly-owned subsidiary of Altius Minerals Corporation ("Altius", TSX: ALS). The prospects, which have been named St. Eugene and Monte Cristo, were identified through the activities of the Millrock – Altius strategic alliance (for details of this agreement see Millrock press release dated June 11, 2009 here). The Kahiltna Terrane is emerging as a prolific mineral belt that hosts the giant Pebble copper-gold-molybdenum-silver deposit, the Whistler copper-gold deposit, and the Terra gold deposit, as well as Millrock's Estelle gold prospect.

Gregory Beischer, President & CEO of Millrock stated: "Millrock continues to make great early-stage surface discoveries of gold and copper mineralization in the Kahiltna Terrane of Alaska. True to our business model, we will continue to generate projects such as these, and advance them with funding from joint venture partners."

The Monte Cristo project, located 130 km (81 miles) northwest of Anchorage, consists of 29 claims covering 1,878 hectares (7.25 square miles). The claims target a large tonnage, intrusive-related gold-rich porphyry deposit. Millrock's field team identified porphyritic intrusive rocks containing anomalous gold values in rock and soil over a distance of 1.5 km. Soil samples ranged up to 400 ppb gold and averaged 86 ppb gold in a population of 22 samples. Rock assays ranged up to 4.2 g/t gold and averaged 0.493 g/t gold in a population of 17 samples. An associated alteration assemblage of carbonate - quartz – sericite typical of many Alaska gold porphyry systems occurs over a broad area of the property. For a summary description of the Monte Cristo property click here.

The St. Eugene project, located 150 km (93 miles) northwest of Anchorage, consists of 26 claims covering 1,683 hectares (6.5 square miles). The claims are situated on a copper-gold-molybdenum porphyry system initially discovered in the 1970s. Millrock's field team identified an extensive zone of strong silica, sericite and chlorite-epidote alteration. Sulfide mineralization including chalcopyrite and copper oxide minerals, plus molybdenite, pyrite and pyrrhotite was found over the extent of sampling and traversing done by the Company. Rock samples with values of over 2.2 g/t gold and 1.0% copper were found in talus on both sides of a glacier-filled valley spanning 1.2 km. The average of 13 samples was 0.54 g/t gold and 0.27% copper. Soil samples ranged up to 200 ppb gold and averaged 67 ppb gold in a population of 20 samples. For a summary description of the St. Eugene property click here.

The primary objective of the Millrock-Altius alliance and joint venture is to identify and explore highly prospective areas in the Kahiltna Terrane for large copper-gold deposits and to attract other exploration and development companies to partner in their advancement.

The technical information in this news release was reviewed by Gregory Beischer, Millrock’s President and CEO, a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator-joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has eight active exploration projects in Alaska, and three in Arizona. Six of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects. Drilling is planned on at least four of the Company's projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Announces Investor Communications Contract


VANCOUVER, BRITISH COLUMBIA, February 9, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or "the Company") announced today it has signed a six-month contract with Glen Phillips, of Vancouver, B.C, to provide investor relations and corporate communications services to the company for a monthly fee of $5,000, effective February 1, 2010. Payments will be made from general working capital. Under terms of the contract, the Company has also granted to Mr. Phillips 100,000 share purchase options pursuant to its stock option plan, exercisable at a price of $0.25 per share for a period of five years. Mr. Phillips is a Millrock shareholder and may acquire more shares through purchases on the open market.

For over thirty years Mr. Phillips has been engaged in communications, media and shareholder relations for many prominent senior and junior mining companies, among them HudBay and Cominco early in his career, and most recently MAG Silver and West Timmins Mining.

Dwane Brosseau and UP Communications will continue to provide ongoing corporate and investor relations advisory services to Millrock.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of large, high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator/joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has six active exploration projects in Alaska, and three in Arizona.  Four of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock’s projects. 

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Stakes the Revelation Project in the Kahiltna Terrane, Alaska


VANCOUVER, BRITISH COLUMBIA, January 22, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or “the Company”) is pleased to announce that it has staked a block of 36 claims (2,331 hectares) covering a pluton-hosted gold target in the Kahiltna Terrane northwest of Anchorage, Alaska.  The property is located west of Millrock’s Estelle property, west of Kiska Metals Corporation (TSX-V: KSK) Whistler copper-gold property, and northwest of the Terra gold property owned by International Tower Hill Mines (TSX: ITH).  The Kahiltna Terrane hosts the Pebble deposit, a porphyry deposit that is reported to contain an estimated 72 billion pounds of copper and 94 million ounces of gold (measured and indicated mineral resource of 3.09 billion tonnes @ 0.96% CuEq and inferred mineral resource of 1.16 billion tonnes @ 0.93 CuEq using 0.6% CuEq cutoff grade) (Northern Dynasty Minerals Limited website).

A very large multi-element stream sediment anomaly measuring approximately 177 square kilometers surrounds the Revelation property.  Porphyritic diorite and altered sedimentary rocks are present on the claims.  Alteration and oxidized sulfide minerals occur over a broad area.  Initial rock and soil sampling returned encouraging results.  A 600 metre long soil anomaly consisting of 10 samples with values ranging between 95 and 1,200 ppb gold was identified in a first pass reconnaissance program.  Strong quartz stockworks were noted in talus

Philip St. George, Millrock VP of Exploration noted “This is exciting country to prospect.  Glaciers are receding and the melting has been spurred by ash fall from Mount Redoubt volcano which erupted last spring.  In some cases we are the first geologists to ever see the mineral occurrences that are emerging from beneath the ice.  The mineralization and alteration observed indicates a porphyry system.”

Millrock staked the claims following the purchase of maps, data and other information from consulting geologist Gerald Booth.  Mr. Booth provided data that was proprietary and not in the public domain which led the Millrock team directly to the mineralized site.  The purchase agreement consists of payments of US$45,000 made over four years and issue of 40,000 Millrock shares (provided the claims are held for those four years).  In the event that an ore body is discovered, a payment of US$2.0 million will be made to Mr. Booth upon commencement of commercial production.

The technical information in this news release was reviewed by Gregory Beischer, Millrock’s President and CEO, a Qualified Person as defined in NI 43-101. 

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has five active exploration projects in Alaska, and three in Arizona.  Four of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock’s projects.  Drilling is planned on at least four of the Company’s projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Grants Stock Options


VANCOUVER, BRITISH COLUMBIA, January 15, 2010 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") has granted a total of 50,000 stock options under the Company’s stock option plan to a consultant. The options are exercisable at $0.29 per share for a period of five years.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a Project Generator – Joint Venture business model that capitalizes on Millrock’s knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has five active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer, President & CEO
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place
Vancouver, BC V6C 3E1

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

Millrock and Inmet Mining Corporation Sign Letter of Intent to Enter Into an Option to Joint Venture Agreement on San Jose and Dry Mountain Projects, Arizona


VANCOUVER, BRITISH COLUMBIA, January 8, 2010 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or "the Company") is pleased to announce that it has signed a letter of intent to enter into an Option to Joint Venture Agreement with Inmet Mining Corporation (IMN - TSX) concerning Millrock's San Jose and Dry Mountain claims south of the town of Safford and southwest of Morenci, Arizona, USA.

The agreement will give Inmet the opportunity to earn a 70% interest in the two claim blocks by spending US$4.0 million in exploration expenditures and making option payments of US$300,000. The 2010 exploration expenditure commitment is US$500,000 and the initial payment is US$50,000. Millrock will be the exploration operator for the first year of exploration and thereafter at Inmet's option.

Millrock's Vice President of Exploration, Phil St. George, stated: "There is every indication of porphyry copper deposits under shallow cover beneath Millrock's claims. A modern geophysical approach and an aggressive drilling campaign will determine whether another large porphyry system exists."

Millrock's San Jose project occurs right at the intersection of the exceptionally prolific Safford and Morenci porphyry trends. The Safford deposits, now apparently becoming the flagship mines of Freeport McMoran Copper & Gold in the United States, form a linear northeast striking trend. The San Jose project is located approximately six km from the Sanchez deposit at the southwest end of the Safford trend. Morenci is located approximately 30 km to the northeast. Together, Safford and Morenci account for approximately 10 billion tons of past copper production and future reserves and resources. A porphyry cell located on Millrock's claims was discovered by drilling done by Noranda Inc. in the early 1990s. Geochemical, geophysical and geological vectors indicate that a large porphyry deposit may exist just to the northeast of the area previously drilled.

At the Dry Mountain claim block, which is located 20 km to the southeast of San Jose on the Morenci Trend, a geochemical anomaly measuring approximately 10 km in diameter is present. The multi-element anomaly is strong in copper and molybdenum. The area is completely covered in overburden, but depth to bedrock is thought to be less than 200 m. No drilling has previously been done.

In early 2010 Millrock and Inmet plan to carry out a ZTEM airborne survey with follow-up induced polarization at both claim blocks to refine drill targets for future drilling.

The property consists of federal mining claims managed by the US Bureau of Land Management, and State of Arizona Prospecting Permits. The land is the subject of a purchase agreement. Millrock owns the land 100% provided that it continues to make annual payments of US$20,000 and share issuances of 20,000 Millrock shares to the Tucson geologist Michael Schaefer. Mr. Schaefer will be entitled to a cash payment of US$2.0 million if a mine is put into production on the claims. Inmet will be responsible for the cash payments during the option period.

Completion of the transaction contemplated in this news release is subject to certain conditions including, without limitation, the signing of a definitive agreement and the receipt of all necessary regulatory and third party approvals.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has five active exploration projects in Alaska, and three in Arizona. Four of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects. Drilling is planned on at least four of the Company's projects in 2010.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Grants Stock Options, Engages Vantagewire


VANCOUVER, BRITISH COLUMBIA, December 29, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") has granted a total of 975,000 stock options under the Company's stock option plan to officers, directors, employees and consultants exercisable at $0.25 per share for a period of five years.

The Company has agreed to a web marketing service agreement with Vantage Communication Ltd. ("Vantage"). The firm, based in Vancouver, British Columbia, will provide a market awareness campaign over the coming 24 months using its website, which attracts subscribers by offering free real-time stock quotes. Additionally the services will include dissemination of news by email, and other advertising. Vantage is owned equally by Mark Chadwick and Kyle Johnston. Vantage will be granted 150,000 options to purchase Millrock stock at 25 cents per share and these options are included in the total above. A further 150,000 options will be granted 12 months from the effective date of the service agreement at the prevailing market price.Vantage has informed Millrock that, aside from the stock options, Vantage does not hold any interest in securities of Millrock or have any right or intent to acquire such an interest.

About Millrock Resources Inc.
Millrock is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a Project Generator - Joint Venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has five active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Gregory A. Beischer, President & CEO
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place
Vancouver, BC V6C 3E1

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

Millrock and Valdez Gold Sign Letter of Intent to Enter into an Option To Joint Venture Agreement on Bluff Project, Alaska


VANCOUVER, BRITISH COLUMBIA, December 22, 2009 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or "the Company") is pleased to announce that it has signed a letter of intent to enter into an Option to Joint Venture Agreement with Valdez Gold Inc. (TSX-V: VAZ) concerning Millrock's Bluff Project ("Bluff) east of Nome, on the Seward Peninsula in western Alaska, USA.

The agreement will give Valdez the opportunity to earn an initial 55% interest in the Bluff project by spending US$3.0 million in exploration expenditures, making option payments of US$300,000, and issuing 900,000 shares of Valdez to Millrock prior to December 31, 2012. The 2010 exploration expenditures commitment is US$500,000 and initial payments are US$50,000 and 300,000 shares. Valdez is able to opt out of the agreement at any time once it has made US$500,000 in exploration expenditures. Millrock will be the exploration operator for the first year of exploration and thereafter at Valdez's option.

Once Valdez has earned a 55% interest, it may elect to earn an additional 20% for a total 75% interest by making additional exploration expenditures of US$3.0 million, further option payments of US$600,000, issuing 1.1 million additional shares of Valdez to Millrock over three years and meeting the obligations of lease agreements with Bering Straits Native Corporation.

Upon Valdez having earned a 75% interest, Millrock will have the opportunity to earn back a 25% interest, so that both Valdez and Millrock hold a 50% interest, by expending two times the amount Valdez expended on exploration and property payments at that time, or by expending the amount necessary to define an NI 43-101 compliant resource of greater than two million ounces of gold, whichever is less.

Millrock's President and CEO, Gregory Beischer, stated: "Millrock is pleased to have found Valdez as a partner for Bluff. Their technical team is strong and the companies share similar views on exploration approach, social responsibility and sustainable development. We look forward to drilling the targets developed by Millrock in a collaborative effort with Valdez Gold starting in summer, 2010".

Bluff is located approximately 80 km east of the town of Nome, Alaska on the south coast of the Seward Peninsula, on Norton Sound of the Bering Sea. A state-maintained road leads to within 18 km of the property. Bluff is 24 km east of the Big Hurrah gold deposit, which NovaGold is considering for production and processing at the Rock Creek Mine near Nome, Alaska.

While there is no certainty that a similar deposit will be discovered at Bluff, Novagold reports a Probable Reserve of 1,193,000 t grading 4.82 g/t gold (185,000 ounces of gold) and an Indicated Resource of 887,000 t at 2.68 g/t gold (76,400 ounces of gold) (NovaGold Technical Report - Rock Creek and Big Hurrah Project, February 1, 2008 -

http://www.novagold.com/upload/technical_reports/RockCreekFeb2008TechReport.pdf

At Bluff, structurally controlled gold mineralization occurs within a 6.4 km long, arcuate band of schistose rocks near a contact with marble. Drilling by BHP in the late 1980s identified three zones of mineralization occurring in low-angle structures interpreted to be thrust faults. The zones contain several significant intersections including 5.48 g/t gold over 10.9 meters, 4.19 g/t gold over 4.5 meters, and 1.93 g/t gold over 16.3 meters. Located at tidewater, a placer deposit that is thought to have produced over 100,000 ounces of gold in the early 1900s is located just downstream from the known lode mineralization in the shallow marine environment.

Millrock carried out exploration in 2008. Geological mapping and soil sampling identified new zones of mineralization, and identified high priority drill targets. Drilling and resampling of BHP core confirmed the presence of gold mineralization. Significant drilling is required on all zones to establish and delineate gold resources. There are numerous drill targets adjacent and down-dip from known gold zones and untested surface geochemical anomalies. A complete report documenting prior exploration work was prepared for Millrock by independent geologist Donald Stevens of Anchorage, Alaska and has been filed on SEDAR: Bluff Gold Prospect, National Instrument 43-101Technical Report June 5, 2009 Prepared by Donald L. Stevens Ph.D., and is also available by following the link immediately below. The report recommends a program consisting of 4,500 metres of reverse circulation drilling and 1,500 metres of core drilling.

http://www.millrockresources.com/presentations/NI43-101%20Bluff20090605-opt2.pdf

The lands upon which Bluff is located are owned by the Bering Straits Native Corporation and are leased to its wholly owned subsidiary Golden Glacier Inc. Millrock has an option to earn a 100% leasehold interest in the lands from Golden Glacier.

Completion of the transaction contemplated in this news release is subject to certain conditions including, without limitation, the signing of a definitive agreement and the receipt of all necessary regulatory and third party approvals including that of the Bering Straits Native Corporation and Golden Glacier Inc.

The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has five active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Announces Exploration Agreement with Kinross for Council Mining District Properties, Alaska


VANCOUVER, BRITISH COLUMBIA, December 15, 2009 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company"), is pleased to announce that it will enter an exploration agreement with Kinross Gold Corporation (K - TSX; KGC - NYSE) ("Kinross"). The agreement pertains to a 900+ square kilometre Area of Interest that includes Millrock’s Albion and Council properties, and other mining claims. The area is on the Seward Peninsula in western Alaska, approximately100 kilometres by road to the east of Nome, in the Council Mining District.

Millrock President & CEO Gregory Beischer stated: "Millrock is pleased to expand its business relationship with Kinross. Excellent gold targets exist on the properties and we look forward to an initial drilling program in 2010."

Millrock has an agreement on the Council land block with the Bering Straits Native Corporation. The Company can earn a 100% leasehold interest in the property. The agreement is entering its third year. The Albion property is the subject of a separate option agreement announced concurrently by Millrock today. The Company can purchase a 100% interest in the claims. Surrounding lands have been staked by Millrock to form a large, comprehensive land package covering the upland lode source areas from which the prolific gold placers of the Council Mining District must have been derived.

With this exploration agreement, Kinross can earn a 55% joint venture interest in Millrock’s properties, and any other properties secured by the companies in the Area of Interest, by incurring exploration expenditures of US$3 million and paying Millrock a total of US$260,000. The initial cash payment is US$65,000 and the minimum 2010 exploration expenditure is US$500,000. The agreement includes provision for a private placement financing of C$250,000 in which Kinross will purchase shares of the Company based on a 20-day moving average of Millrock’s market price. Kinross may elect to increase its interest in the project to 75% by making a further US$3 million exploration expenditure. Millrock will be the project operator for 2010 and thereafter at Kinross’ discretion.

Ophir Creek and the surrounding tributary creeks which comprise the Council Mining District have produced in excess of half a million ounces of placer gold. A placer operation on Albion Creek historically mined what appears to be a residual lode deposit. A large soil geochemical anomaly surrounds the old workings and traverses the property striking in a northwest direction along a structure. The Albion geochemical anomaly measures 900 metres by 2,000 metres and contains strong gold and pathfinder elements. A parallel structure and soil geochemical anomaly of even larger proportion exists to the northeast on the Bering Straits Native Corporation Council land block.

Millrock and Kinross plan to do an initial drill test of the geochemical anomalies in summer of 2010.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has five active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Announces Option To Purchase Albion Property, Alaska


VANCOUVER, BRITISH COLUMBIA, December 15, 2009 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company"), is pleased to announce that it has secured an option to purchase a 100% interest in the Albion property. The project is located in the historic Council Mining District on the Seward Peninsula, 100 kilometres by road northeast of Nome, Alaska. The claims are immediately adjacent to the Council land block upon which Millrock has an existing agreement with the Bering Straits Native Corporation (BSNC). This claim block, along with other mineral right held by Millrock will be the focus of an Exploration Agreement with Kinross Gold Corporation (K - TSX; KGC - NYSE), as also announced today in a separate press release.

Gregory Beischer, Millrock President and CEO stated, "The Council Mining District has historically produced a great deal of placer gold. With the addition of this claim block, Millrock controls the mineral rights that cover the most probable lode source areas for this placer gold. A large, strong soil geochemical anomaly is situated at the headwaters of Albion Creek immediately upslope from a historic placer mine. Drilling to test the targets is planned for 2010."

Ophir Creek and the surrounding tributary creeks that comprise the Council Mining District have produced in excess of half a million ounces of placer gold. A placer operation at the head of Albion Creek historically mined what appears to be a residual lode deposit. A large soil geochemical anomaly surrounds the old placer workings and is centred on a northwest trending structure. The gold-arsenic anomaly measures 900 metres by 2,000 metres.

Mineralization on the Seward Peninsula typically occurs as low-sulfide, gold-bearing quartz-arsenopyrite veins preferentially hosted by graphitic and locally calcareous and pyritic schist. Larger deposits occur in shear structures and in brittle rocks. The contact with an overlying marble unit is a favourable gold deposition site. The dimensions of the geochemical anomaly and favourable geological setting at the Albion property indicate potential for a large deposit.

The Albion block consists of 51 State of Alaska claims covering 2,231 hectares. Millrock may purchase the claims by paying the owners 500 ounces of gold bullion in annual installments and by making a minimum of US$250,000 in exploration expenditures by the end of 2012. The option payment schedule is:

Due Date Amount (Gold Bullion)
Upon Execution 20 ounces
January 1, 2011 30 ounces
January 1, 2012 40 ounces
January 1, 2013 50 ounces
January 1, 2014 60 ounces
January 1, 2015 100 ounces
January 1, 2016 100 ounces
January 1, 2017 100 ounces

A 2.5% NSR royalty on gold and silver is payable from production. The royalty may be reduced to 1.0% by paying the owner 2,000 ounces of gold bullion. After the purchase option has been exercised, an advanced minimum royalty of 100 ounces of gold bullion is payable annually until commercial production occurs. The advanced royalty can be credited against the production royalty.

The technical information in this news release was reviewed by Gregory Beischer, Millrock’s President and CEO, a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has five active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

 

Millrock Reports Chip Sampling Results from Estelle Project, Alaska


VANCOUVER, BRITISH COLUMBIA, December 3, 2009 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or the "Company"), is pleased to announce results of its summer 2009 sampling program at its Estelle property. The Company is targeting bulk tonnage intrusive-related gold deposits at the project located160 kilometres northwest of Anchorage, Alaska.

In 2008 Millrock outlined two large zones highly anomalous in gold by sampling talus fines along mountain slopes at the Estelle property. At the Shoeshine occurrence, a gold-arsenic anomaly over one kilometre in length was defined. Within the anomaly, talus boulders exhibiting stockwork and breccia style mineralization were found to contain gold in amounts ranging from 1.0 to 5.0 g/t gold. Similar anomalous conditions and mineralization in talus were discovered at the Oxide Ridge occurrence 25 kilometres to the north. (see Millrock November 13, 2008 press release).

Prospecting and sampling in July 2009 resulted in the discovery of porphyry-style gold mineralization in bedrock at both the Shoeshine and Oxide Ridge occurrences. Subsequently, chip sampling was done across portions of the mineralized zones.

At Shoeshine, a zone of porphyry-style gold mineralization, made up of stockwork veining, and pervasive alteration, is partially exposed on a steep slope. Chip sampling across the exposed portion of the zone averaged 1.2 g/t over 12.1 metres. A nearby zone of sheeted quartz veinlets was chip sampled in two separate locations 30 metres apart. At the first location the zone grades 11.7 g/t over 1.5 metres and at the second location the grade is 9.9 g/t over 1.5 metres. The mineralization occurs in a highly altered granite. Pathfinder elements show a clear zonation pattern with a base metal halo surrounding the area of strongest gold mineralization discovered so far.

At Oxide Ridge, multiple zones of mineralization were located in bedrock. Chip sampling done across one of the zones returned assay results averaging 1.0 g/t over 22.86 metres. The zones appear to be structurally controlled and consist of quartz stockwork with arsenopyrite.

"These results are encouraging." stated VP of Exploration Philip St. George. "We have observed a porphyry geochemical pattern centered on porphyry-style alteration and mineralization. Gold values exceeding one gram per tonne over significant lengths have been defined by chip samples in bedrock. The surrounding soil anomalies indicate a large mineralizing system in what is interpreted as the upper portions of a gold porphyry system. An aggressive drilling program is warranted."

Results of the 2009 chip sampling program exceeding 0.5 g/t are tabulated below:

Prospect Traverse Length(m) Au g/t
Shoeshine SSA 10.7 0.8
Shoeshine SSB 12.2 0.6
Shoeshine SSC 12.2 0.6
Shoeshine SSD 22.9 0.8
including   1.5 9.4
Shoeshine SSE 12.2 1.2
Shoeshine SSF 27.4 0.6
including   3.0 3.4
Shoeshine SSG 1.5 11.7
Shoeshine SSH 1.5 9.9
       
Oxide Ridge ORA 22.9 1.0
Oxide Ridge ORB 27.4 0.6

The style, age and geological setting of the Estelle mineralization appears similar to that of Donlin Creek, a western Alaska gold deposit estimated to contain (according to a NovaGold press release dated April 28, 2009) proven and probable reserves of 29.3 million ounces of gold and an additional 10 million ounces of gold resources of various categories. A summary description of the Estelle project can be viewed at http://millrockresources.com/index.php/projects/estelle/.

The exploration work reported in this press release was supervised by Gregory Beischer the Company’s President and Chief Executive Officer and a Qualified Person as defined by NI 43-101, who also prepared and approved the information contained in this release. Chip samples, each weighing approximately 2.5 kilograms, were collected and placed in sealed bags and delivered to ALS Chemex in Fairbanks, Alaska for analysis. Gold was analyzed by atomic absorption with a gravimetric finish. The samples were also analyzed for a suite of 41 elements by the ICP-MS method. A sample quality control/quality assurance program was conducted. The Company randomly inserted blank samples and standard samples with known gold content within the submitted chip samples and verified the results obtained. ALS Chemex is an ISO 9001:2000 certified lab, and as such, has its own stringent quality control/quality assurance program.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Terminates Option on Divide Property, Seward Peninsula, Alaska


VANCOUVER, BRITISH COLUMBIA, December 2, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announces that it has terminated its exploration agreement with Alix Resources Corp. (AIX - TSX:V) with respect to the Divide Property, near Nome, Alaska.

Previously, the Company could have earned a 50% interest in the Divide project by sharing costs of exploration with Alix. Drilling by the partners in 2007 and 2008 identified zones of high grade gold mineralization in quartz veins, and lower grade, flat-lying structural zones.

Millrock President & CEO Gregory Beischer stated: "While our exploration team made some significant discoveries at Divide, we have concluded that there is limited potential for a multi-million ounce gold deposit. Given the escalating property holding costs the Company has elected to deploy its resources elsewhere."

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

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

Millrock Options “Uncle Sam” Gold Property in Alaska from Kiska


VANCOUVER, BRITISH COLUMBIA, November 3, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce that it has executed an option agreement with Kiska Metals Corporation (KSK - TSX:V) pertaining to the Uncle Sam property located approximately 75 kilometres southeast of Fairbanks, Alaska in the Tintina Gold Belt.

The Uncle Sam gold project is an Intrusion Related gold target hosted in a similar age of intrusive rocks to those which host the Pogo Gold Mine in east-central Alaska approximately 60 kilometres to the east of Uncle Sam. The Pogo Mine was discovered in the mid 1990's and hosts over 5 million ounces of gold. An extensive exploration data package provided to Millrock by Kiska Metals indicates that the Uncle Sam project consists of extensive anomalous surface gold geochemistry and a highlight drill intersection of 10.6 metres averaging 6.1g/t gold and a total of 18 individual drill intersections of greater than 1.0 g/t gold over drilled widths ranging from 3 to 12 m.

The Uncle Sam property was previously explored in the 1990s by Kennecott, Geoinformatics (a predecessor to Kiska Metals) and Midas Gold. Geophysical surveys have identified two intrusive bodies with associated gold mineralization. As a result of the prior exploration work, numerous drill-ready targets exist on the Uncle Sam claim block.

"This property has an exceptionally large gold geochemical anomaly overlaying magmatic rocks of favourable age and chemistry. Numerous anomalous drill intersections indicate a robust gold mineralizing system. All the signs of an Intrusive Related gold deposit are present," noted Millrock VP of Exploration, Philip St. George.

Gregory Beischer, Millrock President & CEO stated: "This property fits well into Millrock's portfolio of Intrusive Related gold targets in Alaska's Tintina Gold Belt. With a rising gold price, now is the time for Project Generator companies such as Millrock to acquire top quality projects. We will invite other companies to fund exploration in order to earn an interest in this project. Since the claims are near road access in moderate terrain and targets are fully delineated by past workers a drilling program in winter 2010 is a possibility."

The agreement grants Millrock the option to purchase a 100% interest in the Uncle Sam property by making cash payments, meeting exploration work commitments and by issuing Millrock shares in accordance with the following schedule:

Share Issuance Cash Payment Work Commitment
30 days after TSX.V acceptance 250,000 US$40,000
November 1, 2010 250,000 US$40,000 US$200,000
November 1, 2011 250,000 $US60,000 US$300,000
November 1, 2012 250,000 $US60,000 US$1,000,000
November 1, 2013 US$1,200,000
Total 1,000,000 US$200,000 US$2,700,000

Millrock may accelerate the purchase at any time prior to November 1, 2013 by making the remaining cash payments and stock issuances otherwise needed to earn the 100% interest plus an additional share issuance of 500,000 shares. Kiska would waive any remaining work commitment if the purchase is accelerated.

Additionally, Millrock will make 1.0 million share issuances to Kiska at each of the following milestones:

  1. Filing of a NI 43-101 compliant technical report disclosing a gold resource exceeding 1.0 million ounces; and
  2. Commencement of commercial production

A royalty of 2% NSR is payable to International Royalties Corporation.

An extensive exploration data package was provided to Millrock by Kiska. This data was reviewed by Millrock President and CEO, Gregory Beischer, a Qualified Person as defined by NI 43-101, who prepared and approved the information contained in this release, but the data has not been independently verified.

The option agreement is subject to acceptance of its filing by the TSX Venture Exchange.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has five active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

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


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

Millrock Corporate Update


The past twelve months have been exceptionally challenging for junior mining exploration and development companies. Many have not survived. Millrock, through strict fiscal restraint and creative financing under favorable terms from Kinross Gold Corporation and Altius Resources Inc., has not only survived, but taken advantage of the opportunities created by adverse conditions. Millrock has realized significant corporate growth without unduly diluting the company's capital structure. We have recently completed an additional financing; current cash position is $2.5 million.

Millrock has firmly adopted the Project Generator business model. Our technical team generates exploration targets, performs early stage exploration to prove potential, acquires the mineral rights, then markets the properties to other companies that will fund exploration to earn an interest in the claims. The model shares exploration risk and significantly increases the chances of ore body discovery by exploring multiple properties, while maintaining the potential for a major increase in shareholder value.

Millrock exploration crews spent much of the Alaska field season doing reconnaissance exploration surveys to generate more gold projects in the state. This work was done in favor of drilling, which would have quickly depleted our precious cash resources or necessitated raising large cash sums at highly dilutive share prices. Rather, the company elected to carry out relatively low-cost surface exploration, systematically advancing its existing projects, performing generative exploration work, building its property portfolio and biding its time for better market conditions. Millrock has built itself a very strong foundation resting on an excellent array of mineral properties in stable jurisdictions, superior technical and management team, and a sound business model that will result in a sustainable company with maximum potential for discovery of valuable ore deposits.

Market conditions have improved remarkably in the past 60 days. Now is the time for Project Generator companies to act swiftly and decisively. Millrock is adding significantly to its property portfolio. Claim staking and third party acquisitions are being made as this update is written. Negotiations with earn-in partners are underway. We anticipate a very active year of drilling in 2010 starting in the winter months in Arizona. The goal is to have a minimum of four drilling projects next year; three of which will be funded by partners. Millrock will retain a 100% interest in its Estelle gold project in Alaska and fund its own drilling program at this exceptionally exciting project.
Expected events over the remainder of 2009 include:

  • Reporting of surface exploration results from Estelle project, Alaska
  • Announcement of new gold projects acquired by staking and by agreements with third parties in Alaska
  • Execution of earn-in exploration agreements with other parties that will fund exploration on Millrock properties in Alaska and Arizona
  • Announcement of surface exploration results and drilling plans for Galiuro project, Arizona in conjunction with partner Vale Exploration Canada

With major drilling programs beginning soon on high potential gold projects in a booming gold market, with a current low share price, Millrock is poised to increase shareholder value significantly.

Details on activities follow:

Project Generation Activity and the Altius Strategic Alliance, Alaska

Earlier this year, Altius Minerals made a private placement financing with Millrock. This alliance has provided Millrock with funding for generative exploration work. Millrock crews spent many weeks prospecting in the Kahiltna Terrane northwest of Anchorage, Alaska in the area surrounding Millrock's Estelle gold property and Kiska Metal's Whistler porphyry copper-gold property. Millrock's crews have made some excellent discoveries of additional porphyry and intrusion-related gold occurrences. Watch for announcements of claim staking activity in the near future.

Millrock was also actively carrying out reconnaissance surveys elsewhere in Alaska in areas not subject to the Altius strategic alliance. The main target of this work was intrusive-hosted gold deposits in eastern Alaska. Again, announcements of property acquisition and details on the property merits will be forthcoming in the near future.

Estelle Gold Project, Alaska

Exploration crews identified the source of exceptionally anomalous talus fines and mineralized talus blocks that had been discovered in late 2008. Extensive zones of breccia and stockwork style arsenopyrite mineralization is exposed upslope from the talus, and grab samples confirm gold grades of 3 to 5 grams per ton. Chip sampling has been accomplished (despite steep, challenging terrain) at several locations at the Shoeshine and Oxide Ridge occurrences. Results of the chip sampling work are expected soon.

Bering Straits Project, Alaska

Millrock was not required to expend exploration funds on lands subject to the exploration agreement with the Bering Straits Native Corporation, and given the economic conditions, only a small amount of work was done on the Council block. Some strong soil anomalies were discovered in the uplands upstream from the prolific placer gold deposits of Ophir Creek, which historically account for a minimum of 500,000 ounces of production. Millrock anticipates formulating earn-in joint venture agreements with other companies on both the Council and Bluff lands tracts that form the Bering Straits project. Drilling on both properties is anticipated for 2010.

Fortymile Property, Alaska

In late summer of this year Millrock purchased an extensive exploration data set from Kennecott at a tremendous discount to its original cost. The work Kennecott had done in the 1990's, which included portions of Millrock's holdings, was extensive. Following on analysis of this data, strong drill targets have emerged, and Millrock has increased its property position extensively. The company anticipates making an earn-in joint venture agreement on the project in the near future.

Galiuro Project, Arizona

In spring 2009, Millrock carried out geological mapping and airborne magnetic and ZTEM geophysical surveys. The ZTEM survey is a cutting-edge technology that appears to be an excellent tool for imaging porphyry deposits beneath cover. The work was funded by earn-in partner Vale Exploration Canada. Geophysical data processing is complete. The Millrock and Vale technical team will meet in late October to finalize interpretations, choose additional ground geophysical surveys and identify drill targets. Assuming that compelling drill targets are identified, drilling would proceed in winter 2010.

Marketing

Millrock has been active on the marketing front, working diligently to make the investor and financial communities aware of the Company. We have established solid traction and look forward to meeting expectations we've set with an exceptionally busy upcoming year of drilling.

Conclusion

Other companies such as Altius (ALS), AuEx (XAU), Virginia (VGQ), and Eurasian (EMX) have used the Project Generator business model with great success. Each of these companies, through diligent exploration over time, made significant discoveries that dramatically increased shareholder value and market capitalization. Millrock has built the foundation needed give its shareholders similar returns and many-fold increases in market capitalization. The stage has been set, and the market conditions are now ripening. Millrock will do its utmost in the coming months and years to make the discoveries needed to boost its share price markedly from its current ~20 cent level.

On behalf of Millrock Resources Inc.,

"Gregory Beischer"

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

Final Tranche of Non-Brokered Private Placement Closed


VANCOUVER, BRITISH COLUMBIA, October 21, 2009 - Millrock Resources Inc. (MRO - TSX:V) announces that it has closed the third and final tranche of a non-brokered private placement announced August 31, 2009. The financing was oversubscribed. A total $1,657,500 gross proceeds were raised.

In this third tranche, Millrock issued 1,425,000 units at $0.20 per unit for gross proceeds of $285,000. Each unit is comprised of one common share and one-half of one share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.30 until April 21, 2011.

Finders' fees of 8% were paid on a portion of the financing as follows: $20,000 cash and 100,000 finders' warrants were issued. Each finder warrant is exercisable into one common share at a price of $0.30 until April 21, 2011.

The warrants and the finders' warrants include a provision for an accelerated expiry date in the event that the closing price of the shares on the Exchange exceeds $0.40 for 10 consecutive trading days.

All of the securities issued hereunder are subject to a four month hold period and may not be traded until February 22, 2010.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Gregory A. Beischer
(604) 638-3164

"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."

Change of Auditor


VANCOUVER, BRITISH COLUMBIA October 6, 2009 - Millrock Resources Inc. (MRO - TSX-V) ("the Company") reports that effective October 5, 2009, STS Partners, Chartered Accountants have been appointed as the Company's auditor until the next annual general meeting of the Company. The Board of Directors thanks the firm of BDO Dunwoody LLC, Chartered Accountants for their services.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

 

FOR FURTHER INFORMATION PLEASE CONTACT:
Gregory A. Beischer
(604) 638-3164

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

 

"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."

Tranche Two Of Non-Brokered Private Placement Closed


VANCOUVER, BRITISH COLUMBIA, October 5, 2009 - Millrock Resources Inc. (MRO - TSX:V) announces that it has closed the second tranche of a non-brokered private placement announced August 31, 2009 for gross proceeds of $317,500. 

Millrock issued 1,587,500 units at $0.20 per unit.  Each unit is comprised of one common share and one-half of one share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.30 until April 5, 2011.

Finders' fees of 8% were paid on a portion of the financing as follows: $25,400 cash and 127,000 finders' warrants were issued.  Each finder warrant is exercisable into one common share at a price of $0.30 until April 5, 2011.

The warrants and the finders' warrants include a provision for an accelerated expiry date in the event that the closing price of the shares on the Exchange exceeds $0.40 for 10 consecutive trading days.

All of the securities issued hereunder are subject to a four month hold period and may not be traded until February 6, 2010.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD
"Gregory Beischer"
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Gregory A. Beischer
(604) 638-3164

 "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."

Tranche One of Non-Brokered Private Placement Closed


VANCOUVER, BRITISH COLUMBIA, September 18, 2009 - Millrock Resources Inc. (MRO - TSX:V) announces that it has closed the first tranche of a non-brokered private placement announced August 31, 2009 for gross proceeds of $1,055,000.

Millrock issued 5,275,000 units at $0.20 per unit. Each unit is comprised of one common share and one-half of one share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.30 until March 17, 2011.

Finders' fees of 8% were paid on a portion of the financing as follows: $72,000 cash and 360,000 finders' warrants were issued. Each finder warrant is exercisable into one common share at a price of $0.30 until March 17, 2011.

The warrants and the finders' warrants include a provision for an accelerated expiry date in the event that the closing price of the shares on the Exchange exceeds $0.40 for 10 consecutive trading days.

All of the securities issued hereunder are subject to a four month hold period and may not be traded until January 18, 2010.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Gregory A. Beischer
(604) 638-3164

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

Millrock Announces Non-Brokered Private Placement


VANCOUVER, BRITISH COLUMBIA, August 31, 2009 - Millrock Resources Inc. (MRO - TSX:V) intends to complete a non-brokered private placement consisting of up to 7,500,000 units at a price of $0.20 per unit for gross proceeds of up to $1,500,000.  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 $0.30 for a period of eighteen months from the closing date. The warrant certificates will include a provision for an accelerated expiry date in the event that the closing price of the Shares on the Exchange exceeds $0.40 for 10 consecutive trading days.

Finder's fees of 8% 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 8% 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 $0.30 for a period of eighteen months from the closing date. Broker's Warrants will also have an accelerated expiry date provision.

Proceeds from the financing will be used to advance the Company's Estelle gold project in Alaska, its Safford Arizona district copper-gold properties and for acquisition of other gold projects in Alaska, as well as general corporate purposes.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

 

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT:
Gregory A. Beischer
(604) 638-3164

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

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

Millrock Engages Dwane Brosseau for Investor Communications


VANCOUVER, BRITISH COLUMBIA, August 4, 2009 - Millrock Resources Inc. (MRO - TSX:V) has contracted Dwane Brosseau to assist the company with investor relations and corporate communications. Mr. Brosseau will be retained at a fee of $3,000 per month effective August 1, 2009. The Company has granted 100,000 stock options at an exercise price of $0.22 for a period of five years to Mr. Brosseau under the terms of his contract.

Mr. Brosseau has over 15 years of financing experience in venture capital, institutional investing and wealth management. During that time he has worked closely with private high-net-worth individuals, institutional investors and brokers in North America. Mr. Brosseau holds a bachelor of commerce from St. Mary's University in Halifax.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT

Gregory A. Beischer
(604) 638-3164

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

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

Millrock Exploration Update


VANCOUVER, BRITISH COLUMBIA, July 8, 2009 - Millrock Resources Inc. (MRO - TSX:V) (“Millrock” or the “Company”) is pleased to announce that its exploration crews have initiated activities in Alaska. Work in July will focus on the Company's Estelle project, and on project generation activities to be carried out under the Strategic Alliance with Altius Minerals Corp. (ALS - TSX), through its wholly-owned subsidiary Altius Resources Inc. (“Altius”).

At the Estelle Project, Millrock will follow up on discoveries made in 2008, and define targets in anticipation of a possible September drilling program. Work last year revealed the presence of widespread disseminated arsenopyrite mineralization with strong gold values. The style and geological setting of the mineralization is very similar to that of Donlin Creek a western Alaska gold deposit estimated to contain proven and probable reserves of 29.3 million ounces of contained gold and an additional 10 million ounces of gold resources of various categories (NovaGold press release April 28, 2009). A summary description of the Estelle project can be viewed at http://millrockresources.com/index.php/projects/estelle/.

Elsewhere in the state, Millrock is conducting reconnaissance surveys within one of five Areas of Interest subject to a strategic alliance with Altius. The work will focus on gold targets developed through geological research. The objective is to generate high-potential gold projects that can be successfully marketed to joint venture partners. The partners will fund exploration to earn an interest in the strategic alliance projects.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Patrick De Witt, Manager, Investor Relations
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, BC
V6C 3E1

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

Millrock Closes Financing with Altius


VANCOUVER, BRITISH COLUMBIA, June 17, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announces that the private placement announced June 11, 2009 has closed and the Company reports no further tranches will be completed. Millrock has issued 4,227,273 units at CDN$0.22 per Unit to Altius Resources Inc., a wholly-owned subsidiary of Altius Minerals Corp. (ALS - TSX) ("Altius"). Each unit is comprised of one Millrock common share and one share purchase warrant. Each warrant may be exercised at a price of $0.30 cents until June 15, 2010, and thereafter at $0.40 to June 15, 2011.

All of the securities issued hereunder are subject to a four month hold period and may not be traded until October 16, 2009.

Millrock reports that so long as Altius holds common shares representing at least 5% of the issued and outstanding common shares of Millrock, Altius shall be entitled (but not required) to participate in any future issuances to third parties (except in certain issuances including issuances to Kinross Gold Corporation (K - TSX; KGC - NYSE)) of common shares or any securities convertible into, exchangeable for or exercisable to acquire common shares, such that Altius will, following the completion of any such issuance, hold the same percentage of common shares as Altius held immediately prior to such issuance.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a Project Generator - Joint Venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Patrick De Witt, Manager, Investor Relations
(604) 638-3164

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

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

Millrock Arranges Financing with Altius to Form Strategic Alliance


VANCOUVER, BRITISH COLUMBIA, June 11, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce that Altius Minerals Corp. (ALS - TSX), through its wholly-owned subsidiary Altius Resources Inc. ("Altius"), has agreed to a private placement financing with the Company to initially fund a strategic alliance for exploration of five areas in Alaska.

"Millrock is very pleased to engage in this alliance with Altius." stated Millrock President & CEO Gregory Beischer. "We anticipate a highly productive, collaborative relationship from which several excellent new gold exploration projects are likely to flow. Timing is crucial for project generator companies. We see an imminent surge in gold price, and a strong demand for gold projects. Millrock, by virtue of this alliance, will substantially broaden its array of quality projects that will be explored with funding from third-party companies."

This private placement will raise gross proceeds of Cdn$930,000 from the sale to Altius of 4,227,273 units at a price of Cdn$0.22 cents per unit. The total gross proceeds from this private placement will increase to approximately Cdn$994,243 by the issuance of an additional 292,014 units at a price of Cdn$0.22 cents per unit if Kinross Gold Corporation (K - TSX; KGC - NYSE) fully exercises its anti-dilution rights. The price represents a 33% premium over Millrock's 20 day trading average. Each unit is comprised of one Millrock common share and one share purchase warrant. Each warrant will entitle the holder to purchase one Millrock common share at a price of Cdn$0.30 for the first year after the closing of the private placement and Cdn$0.40 during the second year. The placement will give Altius an approximate 11% interest in the Company and is subject to regulatory approval.

The funds from the private placement and any warrant exercises and participation in future financings by Altius will be used to fund a strategic alliance (the "SA") in five specific Areas of Interest (each an "AI") in Alaska. Millrock will use alliance funds to research each AI and propose an exploration plan for acceptance by Altius. Millrock will be operator of the alliance and will undertake reconnaissance exploration to generate new prospects. Altius will have the opportunity to name any projects proposed within an accepted AOI as a "Designated Project". The costs of staking a Designated Project will be covered by SA funds and will become subject to a 1% net smelter return ("NSR") royalty on gold and a 0.5% NSR royalty on all other metals or minerals in favour of Altius. Designated Projects that are acquired from third parties will not be subject to a royalty and Altius and Millrock will share acquisition costs equally. At this stage, Altius may elect to establish a 50%-50% joint venture arrangement with Millrock.

Millrock reports that so long as Altius holds common shares representing at least 5% of the issued and outstanding common shares of Millrock, Altius shall be entitled (but not required) to participate in any future issuances to third parties (other than certain issuances including issuances pursuant to any stock-based compensation plan of Millrock or issuances related to the acquisition of an interest in mineral properties or other assets) of shares or any securities convertible into, exchangeable for or exercisable to acquire common shares, such that Altius will, following the completion of any such issuance, hold the same percentage of common shares as Altius held prior to such issuance.

Both Millrock and Altius, as companies committed to the project generator business model, will also use SA funds to market properties to potential joint venture partners. The goal is to attract other companies to fund exploration to earn an interest in the Designated Projects.

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

About Altius Minerals Corp.

Altius is focused on the mining sector through prospect generation, investments and the creation and acquisition of royalties. Altius currently has numerous active mineral exploration agreements principally in eastern Canada targeting a variety of mineral commodities. In addition, the Corporation holds investments in junior exploration and development stage companies. Altius also owns an effective 0.3% net smelter return in the producing Voisey's Bay nickel-copper-cobalt mine located in Labrador, Canada. The Company has a strong financial position with approximately C$160 million in cash and liquid investments and no debt. It is a member of the TSX SmallCap index and currently has 28,363,195 shares outstanding.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Patrick De Witt, Manager, Investor Relations
(604) 638-3164

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

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

Millrock Closes Financing with Kinross Gold


VANCOUVER, BRITISH COLUMBIA, June 5, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announces that the private placement announced May 29, 2009 has closed. Millrock has issued 2,187,500 units at CDN$0.16 per Unit to Kinross Gold Corporation (K - TSX; KGC - NYSE) ("Kinross"). Each unit is comprised of one Millrock common share and one-half of one share purchase warrant. Each whole warrant may be exercised at a price of $0.21 cents until June 4, 2011. In the event that the closing price of Millrock's common shares on the TSX Venture Exchange exceeds $0.60 for 10 consecutive trading days, Millrock may give notice to the holders of the Warrants that the Warrants will expire if not exercised within 30 days of such notice.

Millrock reports that so long as Kinross holds common shares representing at least 5% of the issued and outstanding common shares of Millrock, Kinross shall be entitled (but not required) to participate in any future issuances to third parties (other than certain issuances including issuances pursuant to any stock-based compensation plan of Millrock or, except where it would have the effect of diluting Kinross below 5%, issuances related to the acquisition of an interest in mineral properties or other assets) of shares or any securities convertible into, exchangeable for or exercisable to acquire common shares, such that Kinross will, following the completion of any such issuance, hold the same percentage of common shares as Kinross held prior to such issuance.

All of the securities issued hereunder are subject to a four month hold period and may not be traded until October 5, 2009.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a Project Generator - Joint Venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT
Patrick De Witt, Manager, Investor Relations
(604) 638-3164

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

 

"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."

Kinross Gold Invests In Millrock


VANCOUVER, BRITISH COLUMBIA, May 29, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce that Kinross Gold Corporation (K - TSX; KGC - NYSE) ("Kinross") has made a private placement in the Company in the amount of Cdn$350,000. The placement consists of a purchase of 2,187,500 Units at Cdn$0.16 cents per Unit. Each Unit is comprised of one Millrock share and one half share purchase warrant. Each whole warrant may be exercised at a price of $0.21 cents for a period of two years. The placement will give Kinross a 6.46% interest in the Company. The private placement is subject to regulatory approval.

"Millrock continues to march steadily forward, meeting corporate milestones in a timely manner despite challenging market conditions." stated President and CEO Gregory Beischer. "The Company has acquired an excellent project portfolio, built an outstanding technical team, established itself as a strong Project Generator company, and continues to form partnerships with major mining companies. Millrock will use these funds to carry out reconnaissance surveys and property acquisitions in a particular area of mutual interest in Alaska, a state in which Kinross is a premier gold producer and in which Millrock has substantial expertise in the discovery and exploration of gold deposits."

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a Project Generator - Joint Venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"
Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Patrick De Witt, Manager, Investor Relations
(604) 638-3164

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

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

Millrock Announces Management Changes, Grant of Stock Options


VANCOUVER, BRITISH COLUMBIA, May 8, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce changes to its management team.

Effective immediately, the role of Chief Financial Officer ("CFO") will be assumed by Kulwant Sandher, CA. Mr. Sandher is a Chartered Accountant in both Canadian and English jurisdictions, and has established himself as a highly capable executive through eighteen years of industry experience. Previously, he has served as CFO for three other companies - The Stallion Group, Marketrend Interactive Inc. and Serebra Learning Corporation. Mr. Sandher is currently CFO and a member of the board of directors of Delta Oil & Gas Inc., and President and CFO of Turner Valley Oil & Gas Inc.  Mr. Sandher is a principal in Hurricane Corporate Services, which will provide accounting services to Millrock.

Michael Chen, who has served as the Company's CFO since Millrock's inception will step down effective immediately. Millrock thanks Mr. Chen for his service and wishes him well in his efforts to grow his firm DoubleOcean Financial Group, which specializes in helping North American companies expand into China and Chinese firms in their efforts to grow globally.

The Company is also pleased to announce that it has promoted Sarah Whicker to the position of Vice President, Sustainable Development. Ms. Whicker has worked as a business and sustainable development consultant in the mineral exploration industry since 2004. She has been employed by Millrock since March 2008, proven herself to be a highly effective manager, and advanced the Company's interests considerably. The primary objective of her new position is the development and implementation of strategies that maximize community support for mineral exploration and development projects in which the Company is involved. This objective is achieved by ensuring that Company activities are conducted in a manner protective of the environment, and consistent with the values of local stakeholders and laws of the jurisdictions in which the Company operates.
The Company has granted 750,000 stock options to officers, directors and employees exercisable at $0.18 per share for a period of five years.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a Project Generator - Joint Venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Patrick De Witt, Manager, Investor Relations
(604) 638-3164

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

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

Millrock and Vale Exploration Canada Inc., Working at Galiuro Copper-Gold Project, Arizona


VANCOUVER, BRITISH COLUMBIA, April 16, 2009- Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce the Company has successfully collaborated with its’ Galiuro project partner, Vale Exploration Canada Inc. ("VEC"), an affiliate of Vale Inco Limited, each a wholly-owned subsidiary of Companhia Vale do Rio Doce ("VALE") (NYSE: RIO), to complete a March 2009 geological mapping program. An airborne geophysical survey is set to take place in April 2009. These exploration programs are being carried out on the Galiuro property to obtain information required for an initial drilling campaign on the property, which is located in southeastern Arizona.

Field work for the mapping program occurred from March 4 to March 19, 2009 and was based out of Mammoth and Klondyke, Arizona. The exploration team consisted of two crews working from opposite sides of the large property to accomplish the goals of the program. Millrock is the exploration operator with VEC staff seconded to the project. The work was efficiently carried out using handheld computers with internal GPS receivers and pre-loaded digital base maps. Preliminary mapping results highlights include:

  • Estimated thickness of post-mineral Tertiary volcanics of less than 250 meters
  • Existence of porphyry-style alteration in pre-mineral rocks on the property
  • Presence of porphyry copper alteration on both sides of volcanic cover
  • Epithermal copper occurrences cluster near major structures, and may be related to porphyry copper mineralization at depth

Millrock and VEC have chosen to fly an airborne Z-Axis Tipper Electromagnetic (ZTEM) and magnetic survey of the Galiuro property. ZTEM was selected for its ability to achieve unparalleled resolution and depth of investigation beneath volcanic cover. The system is well suited to imaging buried porphyry deposits and magnetics will aid in geological interpretation. The airborne ZTEM and magnetic survey has been contracted to Geotech Ltd. of Aurora, Ontario, Canada and is on-track to occur during April 2009.

The target at the Galiuro project is a giant, high-grade porphyry copper - gold - molybdenum deposit that can be mined by open pit or block caving mining methods. The project is situated 80 kilometers southeast of the Resolution deposit, which is currently being explored by Rio Tinto, and is reported to contain an Inferred Resource of 1.34 billion tonnes containing 1.51% copper and 0.04% molybdenum. The Galiuro claim block is situated on the San Manuel - Copper Creek porphyry copper trend. The Copper Creek mine is situated just to the west of the claim block and a very large, intense alteration zone occurs to the east. The claims are largely underlain by Tertiary-aged post mineralization volcanic rocks. Magnetic data suggests that intrusive complexes occur beneath the volcanic cover. Epithermal copper mineralization occurs along deep seated structures within the volcanic rocks on the property, and may have been related to older Laramide-aged porphyry mineralization at depth.

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

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

About Vale Exploration Canada Inc.

VEC is a wholly-owned subsidiary of VALE, the world's second largest mining company by market capitalization with its headquarters in Brazil. VALE reported revenues of US$38.509 billion and net earnings of US$13.218 billion as of December 31, 2008. VALE is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"
Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Patrick De Witt, Manager, Investor Relations
(604) 638-3164

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

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.

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


VANCOUVER, BRITISH COLUMBIA, March 3, 2009- Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce that it has executed a letter agreement with Vale Exploration Canada Inc. ("VEC"), an affiliate of Vale Inco Limited, each a wholly-owned subsidiary of Companhia Vale do Rio Doce ("VALE") (NYSE: RIO) concerning Millrock's Galiuro project north of Tucson, Arizona. VEC will have the option to earn a 60% joint venture interest in the claim group by making cash payments and exploration expenditures.

"Millrock is very pleased to have made this arrangement with VALE. Under challenging economic conditions, this agreement allows Millrock to create shareholder value without diluting its capital structure. Millrock has the early-stage exploration expertise, but should a discovery be made, VALE will have the financial and technical horsepower to bring a giant copper-gold porphyry to production. It's a good fit for both companies." commented Company President & CEO Gregory Beischer.

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

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

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

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

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

About Vale Exploration Canada Inc.

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

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

"Gregory Beischer"
Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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.

FOR FURTHER INFORMATION PLEASE CONTACT

Patrick De Witt, Manager, Investor Relations
(604) 638-3164

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

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.

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


VANCOUVER, BRITISH COLUMBIA, February 5, 2009- Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce that it has purchased a 100% interest in the Estelle gold claims from underlying property owners, London-based Hidefield Gold plc., (HIF - AIM), and Mines Trust Co. (MT) a privately held Alaska-based company. The purchase agreement supersedes a prior option agreement between the companies by which Millrock had the ability to earn an 80% interest in the project through cash payments and by funding exploration. The consideration paid for the 100% interest is US$125,000 and issuance of 1.25 million Millrock shares. A 2.5% royalty will be payable upon production.

"This is very positive news for Millrock and its shareholders", said Company President & CEO Gregory Beischer. "Our work this past summer demonstrated the tremendous potential for a major gold deposit at Estelle. However, the work commitment and payments to earn 80% were daunting given the prevailing economic conditions. With this transaction, we have eliminated the overhanging US$5 million work commitment and gained the flexibility to bring major gold company partners into the project."

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

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

Gregory Beischer, the Company's President and Chief Executive Officer and a Qualified Person