Millrock Provides Corporate Update for 2018 and Yearly Review for 2017

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

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

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

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

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

2017: A Year in Review

Generation, Partnerships, & Exploration

Alaska

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

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

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

 

Mexico

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

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

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

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

 

British Columbia

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

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

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

Corporate Advancements:

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

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

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

 

2018 Corporate Update

Growth Plans and Potential Catalysts

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

Some key milestones Millrock intends to execute on are:

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

 

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

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

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

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

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

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

 

Millrock Amends Option Agreement For Todd Creek Project, Corrects Prior Disclosure, Stewart, British Columbia

VANCOUVER, BRITISH COLUMBIA, December 22, 2017 – Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") reports an amendment to the option agreement covering the Todd Creek claims, Skeena Mining District, British Columbia, whereby Millrock will issue 550,000 common shares to 802213 Alberta Ltd. (100% owned by Kelly B. Funk). This all-share payment is made in lieu of a combination cash/share payment with a value of $135,000, or an all-cash payment of $90,000. The shares will bear a legend that restricts trading until April 23, 2018.

Also, Millrock wishes to make a correction to its press release on December 18, 2017. The heading for gold in the table of results incorrectly indicated parts per billion (ppb) gold instead of parts per million (ppm) gold. The corrected table appears below.

Todd Creek Stream Samples

Todd Creek Stream Samples

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. All samples were collected by Equity Engineering Consultants Ltd. (“Equity”) personnel under contract to Millrock and securely stored until delivery to the ALS Minerals prep lab in Terrace, British Columbia. After preparation, the samples were sent for analysis at the ALS Minerals Ltd. North Vancouver, BC laboratory, a 17025:2005 certified facility. Equity implemented a QA/QC program utilizing duplicate sampling and blanks at an average rate of one duplicate or blank per 15 samples. No QA/QC anomalies were noted in the analyses.  All results from blanks, standards, and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

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

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

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

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

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

Millrock Reports on Stream Sediment Sampling Program at Todd Creek Project, Golden Triangle District, British Columbia

VANCOUVER, BRITISH COLUMBIA, December 18, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report results from a stream sediment sampling program carried out on its Todd Creek project. The survey covered an area measuring 6 kilometers by 16 kilometers.

Multi-element anomalies were returned in areas of known base and precious metal mineralization which extend for 10 kilometers along the Todd Creek valley. The valley reflects a major faults system that appears to control and localize base and precious metal mineralization. The area around the previously documented Falls Creek, Orange Mountain and Yellow Bowl occurrences were found to be anomalous in gold, silver, copper, lead and zinc over an area measuring approximately 1.5 kilometers in diameter. Pathfinder elements of cadmium, barium, phosphorous and antimony were strong, and tellurium, a mineral frequently found in association with gold, was particularly anomalous in seven samples collected in a one-kilometer diameter area.

Additionally, two new prospect areas were also highlighted.  These have been named Surveyor and MJ. The map included as Figure 1 shows the location of the Todd Creek property in relation to the adjacent claim blocks held by Pretivm and Seabridge, upon which are situated the Brucejack high-grade gold mine and the KSM porphyry copper-gold deposit, respectively. Figure 2 shows the new anomalous areas and other surface mineral occurrences that had been documented by prior workers.

The Surveyor area is anomalous in gold, silver, copper, molybdenum, lead, zinc, and pathfinder elements cadmium, antimony, tungsten, sulfur and phosphorous. Of particular note is strong nickel anomalism. The area is primarily underlain by Lower to Middle Jurassic volcanic and rocks of the Hazelton Group, a stratigraphic level known to be productive for mineral deposits in the Golden Triangle District. Previously in 2011 geophysical surveys were compiled and processed by an earlier property owner. A Versatile Time Domain Electro Magnetics (“VTEM”) survey and magnetic survey were examined. Several conductive zones with a strong magnetic disruption response were noted in the vicinity of the Surveyor geochemical anomaly, and are potentially indicative of porphyry-style mineralization. These coincident VTEM, mag and multi-element stream sediment anomalies that comprise the Surveyor prospect will be a priority for follow up in 2018.

The second new area of interest identified by the stream sediment program has been named MJ and is anomalous in gold, copper, molybdenum, lead, zinc, and pathfinder elements barium, germanium, tellurium, tungsten, uranium, and niobium. Geophysical surveys also indicate possible porphyry style mineralization. Millrock consultants familiar with historic work on the Todd Creek project report that this valley was filled with snow and ice in 2008, the last time which exploration crews were active on this project. This portion of the project is largely covered by the Todd Icefield. The MJ area will also be a high priority for follow up in 2018.

A total of 238 stream sediment samples was collected in the 2017 program. The sampling work was done under contract by Equity Exploration Consultants Limited (“Equity”) in September 2017. The following table summarizes the results.

Screen Shot 2017-12-21 at 6.55.02 PM.png

The Todd Creek project is favourably situated about 30 kilometers southeast of the high-grade Brucejack gold mine and 30 kilometers northeast of the town of Stewart. Highway 37A passes through the property. The property is prospective for precious-metals-enriched polymetallic volcanogenic massive sulfide deposits and porphyry copper-gold deposits.

There are numerous, known occurrences and small deposits documented on the property and large alteration zones indicating significant mineralizing systems. The Todd Creek project is described in more detail on Millrock’s website at this link.

Figure 1 - Todd Creek - Relationship To Deposits

Figure 1 - Todd Creek - Relationship To Deposits

Figure 2 - New Anomalous Areas And Other Surface Mineral Occurrences

Figure 2 - New Anomalous Areas And Other Surface Mineral Occurrences

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. All samples were collected by Equity Engineering Consultants Ltd. (“Equity”) personnel under contract to Millrock and securely stored until delivery to the ALS Minerals prep lab in Terrace, British Columbia. After preparation, the samples were sent for analysis at the ALS Minerals Ltd. North Vancouver, BC laboratory, a 17025:2005 certified facility. Equity implemented a QA/QC program utilizing duplicate sampling and blanks at an average rate of one duplicate or blank per 15 samples. No QA/QC anomalies were noted in the analyses.  All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

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

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

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

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

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

Millrock Closes Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA, December 15, 2017 – Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") reports that the non-brokered private placement announced on November 28, 2017 has closed and a total of 6,970,000 Units (the “Units”) at a price of $0.25 per Unit were issued for gross proceeds of $1,742,500.

Each Unit consisted of one common share and one share purchase warrant (a “Warrant”) entitling the holder to purchase one additional common share for $0.35 per Share until December 15, 2018, thereafter for $0.45 per Share until December 15, 2019 and thereafter for $0.55 per Share until December 15, 2020. 

Finder’s fees were paid as follows: $600 to Sprott Private Wealth LP, $41,325 to Sprott Global Resource Investments, Ltd., $10,500 to Red Plug Capital Corp, $3,000 to Canaccord Genuity Corp., $4,200 to Haywood Securities Inc. and $600 to Leede Jones Gable.

The common shares, Warrants and all common shares issuable upon exercise of Warrants are subject to a four month hold period and may not be traded until April 16, 2018.

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

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

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

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

Millrock Partner Sojourn Reports Stream Sediment and Soil Sampling Results From Oweegee Dome Project, Golden Triangle District, British Columbia

VANCOUVER, BRITISH COLUMBIA, December 7, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that sampling results for a comprehensive stream sediment sampling program and a targeted soil sampling program have been reported by partner Sojourn Exploration Inc., (TSX-V:SOJ) (“Sojourn”). The work program was recommended by Millrock as a logical follow-on step from the airborne geophysical survey and data compilation exercise that it had completed in 2016 – before Sojourn optioned the property. The geophysical surveys had identified a series of thirteen porphyry copper-gold targets, as well as five targets thought to represent possible volcanogenic sulfide mineralization.

The work was funded by Sojourn and indicates strongly anomalous metal concentrations in the immediate vicinity of several of the high-potential geophysical targets.

Phil St. George, Millrock’s Chief Exploration Officer, stated: “There is potential for both porphyry copper-gold deposits and volcanogenic massive sulfide deposits on this large land holding. Millrock and Sojourn have identified numerous high-priority drill targets through systematic, property-wide exploration; an approach that had been previously lacking. The targets are situated at the same stratigraphic level that has produced many other mines and deposits known to exist in the Golden Triangle District, and will be well worth drill testing.”

A total of 464 stream sediments and 324 soils were collected. Sojourn indicates in their press release the following summary of results:

Sojourn is earning a 100% interest in the Oweegee Dome property from Millrock by making share issuances totaling 2,300,000 common shares and completing $2,000,000 in exploration over the next three years.

Millrock holds a production royalty on the large claim block, which exceeds 300 square kilometers in area. It is located 75 kilometers northwest of Stewart, British Columbia, and is bisected by Highway 37 and the Northwest Transmission Line.

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. All samples were collected by Equity Engineering Consultants Ltd. (“Equity”) personnel under contract to Millrock and securely stored until delivery to the ALS Minerals prep lab in Terrace, British Columbia. After preparation the samples were sent for analysis at the ALS Minerals Ltd. North Vancouver, BC laboratory, a 17025:2005 certified facility. Equity implemented a QA/QC program utilizing duplicate sampling and blanks at an average rate of one duplicate or blank per 15 samples. No QA/QC anomalies were noted in the analyses. All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

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

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

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

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

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

Millrock Partner Polarx Reports Further Drill Results From Zackly Copper-Gold Deposit, Alaska Range Project, Alaska

VANCOUVER, BRITISH COLUMBIA, December 6, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that PolarX (ASX: PXX) (“PolarX”) has issued a press release announcing results for two further drill holes that intersected the Zackly high-grade copper-gold deposit situated on the Alaska Range Project. Drilling was completed in late September of 2017.

The work was executed by Millrock on behalf of PolarX. Millrock presently owns 10.74% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project. 

Assay results from the first five holes drilled into the zone intersected copper and gold mineralization from near-surface, as were reported in an earlier press release. The two additional holes now reported by PolarX further confirm the grade and thickness of the deposit.

The highlights of the results are:

 
Screen Shot 2017-12-05 at 5.11.18 PM.png
 

Note: The mineralized intervals reported are down-hole, measured thickness. There is insufficient interpretation of the mineralization to confidently report “true widths”. However, it is noted that the mineralized lenses appear to be relatively steeply dipping. As such, “true widths”, depending on hole dip angle, will be 50% to 60% of the reported down-hole, measured thickness.

 The detailed PolarX press release can be read here.

Additional assay results from the remaining holes of the drill program will be available in January.

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. Drill core samples are kept in a secure location at all times. Representative quarter-core samples were collected and assayed at ALS Chemex laboratories in Vancouver, Canada and Reno, Nevada, USA. Gold was analyzed by Fire Assay (specifically ALS code Au-AA25 - Au by fire assay and AAS using a 30g nominal sample weight). Other elements (33 in total including copper) were analyzed using ALS method code ME-ICP61 which involves a four-acid digest and an ICP-MS finish. Over range (Cu >= 1%) was analyzed using ALS method code ME-OG62 which involves a four-acid digest and an ICP-AES or AAS finish. The following QA/QC protocols have been adopted for this program: 1) Duplicates were created as coarse crush duplicates on every 20th sample in the sample preparation process at the laboratory, and 2) Blanks every 20th sample, and 3) Standards – Certified Reference Material (CRM’s) every 20th sample plus additional random insertions at supervising geologist’s discretion. All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

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

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

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

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

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

Millrock Announces Private Placement Financing

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

VANCOUVER, BRITISH COLUMBIA, November 28, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") announces that it plans to raise gross proceeds of up to $1,600,000 through a non-brokered private placement of up to 6,400,000 units (the “Units”) priced at $0.25 per Unit. Each Unit will consist of one common share and one share purchase warrant (the “Warrants”). Each Warrant will entitle the holder to purchase one additional common share at an escalating exercise price over a period of three years from the closing date as follows:

  • During the first year from the closing date the warrants will be exercisable at $0.35 per share;
  • Thereafter, during the second year from the closing date, $0.45 per share; and
  • Thereafter during the third year from the closing date, $0.55 per share.

Finder’s fees of 6% cash or the equivalent in Units may be paid in connection with this financing.

The securities issued under this financing will be subject to a hold period of four months from the closing date. Millrock intends to use the proceeds for exploration and development of its properties and for general corporate purposes.

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

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

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

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

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

"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 Partner Sojourn Reports Rock Sampling Results From Willoughby Project, Golden Triangle District, British Columbia

VANCOUVER, BRITISH COLUMBIA, November 27, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that sampling results have been reported by partner Sojourn Exploration Inc., (TSX-V:SOJ) (“Sojourn”). Sojourn indicates in their press release that it has discovered important new zones of mineralization at the Willoughby Project, located in the Golden Triangle district of British Columbia, during the Company’s recent surface prospecting program. The new zones of bedrock mineralization are located in some of the freshly exposed bedrock revealed by recent retreat of glaciers and snowfields.

Sojourn reports that of the 60 bedrock and float random grab samples collected across the Willoughby property, 16 returned values in excess of 1 gram per tonne (g/t) gold, three of which returned values in excess of 5 g/t with a maximum value of 8.15 g/t. A shallowly west dipping, one-meter thick quartz sulfosalt shear vein was discovered and mapped over a 250-meter strike length. The vein lies below the historic Main Zone drill collars roughly parallel to the Main Zone. One-meter chip samples across the vein returned values of:

  • 3.88 g/t Au and 2.42 g/t Ag;
  • 1.93 g/t Au and 4.81 g/t Ag;
  • 2.76 g/t Au and 92.1 g/t Ag;
  • 1.87 g/t Au and 2.13 g/t Ag; and
  • 0.56 g/t Au and 1.24 g/t Ag. 

A grab sample of locally derived sulfide talus down slope from the exposure returned 6.18 g/t Au and 206 g/t Ag. The shear vein pinches out to the south and is open to the north underneath the North Willoughby Icefall.

Sojourn also noted that there are indications of possible massive sulfide mineralization within limestone located in the northern section of the claim block. A talus grab sample of very angular, locally derived gossanous vuggy limestone returned a result of 17.25% zinc. This sample was collected from rubble crop on a ridge above the glaciers and very close to the summit.  It is coincident with a significant color anomaly around the summit. Investors are cautioned that this sample is a selective sample and is not necessarily representative of the mineralization hosted on the property.

Sojourn is earning a 100% interest in the Willoughby property from Millrock by making share issuances totaling 1,840,000 common shares and completing $2,000,000 in exploration over the next three years. Millrock holds a production royalty and certain milestone payments may be payable to a third party that vended the Willoughby claim to Millrock. Millrock managed the recent exploration program on behalf of Sojourn.

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. All samples were sent to the ALS Minerals Ltd. prep lab in Terrace, British Columbia for subsequent shipment and analysis at the ALS Minerals Ltd. North Vancouver, BC laboratory, a 17025:2005 certified facility. All samples were collected by Alaska Earth Sciences personnel under contract to Millrock and securely stored until delivery to ALS Minerals Terrace. At this early stage of exploration, Millrock and Sojourn is relying on the certified standards utilized by ALS Minerals as part of it analysis protocols. No QA/QC anomalies were noted in the analyses. 

All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

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

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

ON BEHALF OF THE BOARD

 “Gregory Beischer”

 Gregory Beischer, President & CEO

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

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

Millrock Partner PolarX Reports Drill Results From Zackly Copper-Gold Deposit, Alaska Range Project, Alaska

VANCOUVER, BRITISH COLUMBIA, November 23, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that PolarX (ASX: PXX) (“PolarX”) has issued a press release concerning the recently completed drilling program at the Alaska Range Project in Alaska. Results from the first five holes of the program are reported. The Alaska Range Project is a new name given to the combined Stellar and Caribou Dome projects.

The work was executed by Millrock on behalf of PolarX. Millrock presently owns 10.74% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project. 

Assay results from the first five holes drilled into the deposit confirm the presence of high-grade copper and gold from near surface.
 

PolarX reported the following highlights drill intervals:

  • 14.5m @ 2.5% Cu and 2.0 g/t Au from 34.9m in hole ZM-17007
  • 5.3m @ 2.0% Cu and 2.7 g/t Au from 9.7m in hole ZM-17006
  • 3.5m @ 3.9% Cu and 2.2 g/t Au from 99.1m in hole ZM-17002
  • 2.8m @ 2.6% Cu and 0.5 g/t Au from 227.4m in hole ZM-17005

Note: The mineralized intervals reported are down-hole, measured thickness. There is insufficient interpretation of the mineralization to confidently report “true widths”. However, it is noted that the mineralized lenses appear to be relatively steeply dipping. As such, “true widths”, depending on hole dip angle, will be 50% to 60% of the reported down-hole, measured thickness.
 

PolarX also reported that the results indicate:

  • mineralization is over wider intervals than previously expected (in comparison to historic drilling in two of the first holes);
  • the deposit extends further along strike than previously thought; and
  • it remains open along strike and at depth.


The detailed PolarX press release can be read here.


Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. Drill core and samples are kept in a secure location at all times. Representative quarter-core samples were collected and assayed at ALS Chemex laboratories in Vancouver, Canada and Reno, Nevada, USA. Gold was analyzed by Fire Assay (specifically ALS code Au-AA25 - Au by fire assay and AAS using a 30g nominal sample weight). Other elements (33 in total including copper) were analyzed using ALS method code ME-ICP61 which involves a four-acid digest and an ICP-MS finish. Over range (Cu >= 1%) was analyzed using ALS method code ME-OG62 which involves a four-acid digest and an ICP-AES or AAS finish. The following QA/QC protocols have been adopted for this program: 1) Duplicates were created as coarse crush duplicates on every 20th sample in the sample preparation process at the laboratory, and 2) Blanks every 20th sample, and 3) Standards – Certified Reference Material (CRM’s) every 20th sample plus additional random insertions at supervising geologist’s discretion. All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

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

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

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO
 

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

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

Millrock Commences Drilling Program at La Navidad Gold Project, Sonora State, Mexico

VANCOUVER, BRITISH COLUMBIA, November 9, 2016 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that the first phase of surface exploration on the La Navidad gold project is near completion, and a drilling program has begun. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic gold deposits. Highlights of a rock sampling program include:

  • 24 meters grading 0.9 grams per tonne gold;
  • 12 meters grading 1.1 grams per tonne gold;
  • 14 meters grading 0.8 grams per tonne gold.

A drilling program consisting of approximately 2,000 meters in nine drill holes is in progress and is planned for completion in December.

Since forming an option to purchase agreement with the underlying mineral right owner in June 2017, and a simultaneous option to joint venture agreement with Centerra Gold Inc. (“Centerra”), Centerra and Millrock have collaborated to execute a comprehensive exploration program. Centerra is funding the exploration work to earn an interest in the project.

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

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

Alio Gold’s San Francisco Mine is a prime example of the type of deposit sought by Millrock and Centerra. On their website, Alio Gold reports:

  • Measured & Indicated Resources (inclusive of Reserves) –74.8 million tonnes grading 0.541 grams per tonne gold, containing 1.3 million ounces of gold
  • Proven & Probable Reserves – 54.8 million tonnes grading 0.527 grams per tonne gold containing 0.9 million ounces of gold.


Exploration Program and Summary Results

Soil sampling across the entire property was successfully completed. In total, 1,082 samples were collected and 886 samples have been analyzed. Results are still pending for 196 samples. Of the samples that have results, multiple zones of anomalous gold in soil were identified, with 248 of the 886 analyzed samples containing in excess of 50 parts per billion gold.

Three main prospect areas have been identified – Anchor, Horseshoe, and Cobre and these are described in more detail below.

Magnetic geophysical surveys (82 kilometers) and dipole-dipole induced polarization (“IP”) geophysical surveys (20 kilometers) were carried out to image bedrock features beneath surface. Magnetics helped map the lithological units. IP identified zones of strong chargeability and supports an interpretation of gently-dipping rock units. Known gold mineralization is hosted in low to moderately resistive rock units, enclosed above and below by moderately resistive rocks.

Geological mapping was carried out across the entire property. The geology is complex and contains multiple deformed rock types. Biotite gneiss and metasediments are intruded by granodiorite, diorite and granite. Hydrothermal alteration is widespread in these rocks and corresponds to northwest trending and northeast trending structural zones. Mineralization appears to be associated with iron carbonate minerals (siderite predominantly), fine disseminated pyrite, with sericitization and silicification of the metasedimentary and gneissic host rocks.

The numerous roads and trails present on the property were upgraded and refurbished with a bulldozer, creating continuous rock exposures in altered and mineralized zones. Detailed mapping was done along rock exposures in road cuts. Continuous chip-channel rock sampling was also done along the road cuts and strongly anomalous gold was detected over significant widths, as outlined under the prospect descriptions below. A total of 575 rock samples were collected. Of these, 83 samples contained gold grades above 0.5 parts per million (ppm) and 49 of the samples contained more than 1.0 ppm.
 

Anchor Prospect

A strong gold anomaly (with silver, lead, zinc, arsenic, antimony, tellurium and bismuth – a suite typical of orogenic deposits) was detected at the Anchor prospect. The anomaly is strongest in the vicinity of prior drilling but extends northward for a distance of 800 meters. Prior workers reported reverse circulation drill holes with significant gold grades and intervals, as indicated in an earlier press release. These drill holes were drilled in the southernmost portion of the 800 meter long gold-in-soil anomaly that has been recently delineated.

Gold mineralization is predominately controlled by low angle structures containing siderite-quartz-calcite veinlets, striking in a northwesterly direction. Alteration is controlled by structures and lithology. In the areas containing biotite gneiss, the predominant alteration is sericite, iron carbonate and weak chloritization. In quartz feldspar gneiss, the predominant alteration is weak to moderate sericitization. These rocks also contain iron carbonates (predominantly siderite) and sulfide box works. The altered zones are oxidized.

While some sample results are pending, some of the better chip-channel intervals include:

Figure 1 - Anchor Chip-Channel Intervals.jpg

The intervals reported represent apparent width. True width cannot be confidently determined at present.
 

Horseshoe Prospect

A strong gold anomaly (with silver, lead, bismuth arsenic, and zinc) was detected at the Horseshoe prospect. This is in an area which appears not to have been previously identified as prospective. The anomaly measures approximately 500 meters long by 450 meters wide. The Horseshoe area is underlain by medium grained biotite gneiss and fine grained quartz feldspar gneiss and metasediments. To the north these rocks are in contact with hornblende gabbro. Gold mineralization is associated with quartz - sericite - pyrite alteration and occurs in quartz – calcite - siderite veins and veinlets.

While some sample results are pending, some of the better chip-channel intervals include:

Figure 2 - North Horshoe Chip-Channel Intervals.jpg

The intervals reported represent apparent width. True width cannot be confidently determined at present.
 

Cobre Prospect

A large, strong, gold and copper anomaly was also detected at the Cobre prospect. The anomaly measures approximately 2,000 meters by 1,000 meters. Rock types include gneiss with limestone and metasediment lenses. An east-west trending quartz - sericite alteration zone contains copper showings. Chip channel samples have been collected in select areas and results are pending. Systematic trenching and road cut sampling is in progress.


Quality Control – Quality Assurance:

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

Millrock adheres to stringent Quality Control – Quality Assurance standards. Rock samples were delivered from the project site by Millrock personnel to Bureau Veritas lab in Hermosillo, Mexico for analysis. Samples were kept in a secure location prior to delivery to the laboratory.  Analysis methods used include FA430 (30 gr/Fire Assay/AAS) and AQ-200 (Aqua Regia – ICP/MS). For every 20 rock samples, a blank sample known to contain no gold and a standard sample of known gold concentration were also analyzed. Three different standards were utilized including MEG-Au 11.15 (3.4 ppm Au), MEG-Au 12.11 (1.5 ppm Au) MEG-Au 13.01 (0.31 ppm Au).  All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

 

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

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

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

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

"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."

Induced Polarization Survey Confirms Potential For Porphyry Copper-Gold, Mars Prospect, Stellar Project, Alaska

VANCOUVER, BRITISH COLUMBIA, October 25, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that PolarX (ASX: PXX) (“PolarX”) has issued a press release concerning the recently completed Induced Polarization (“IP”) survey at the Stellar copper-gold project in Alaska. The work was executed by Millrock on behalf of PolarX.

The results from the IP survey conducted at the Mars Prospect are summarized in PolarX press release, which can be viewed here.

Millrock sold the Stellar project to PolarX in August 2017 in a transaction announced here. Millrock presently owns 10.74% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments.

As part of the recent exploration program, drilling was done to establish a modern resource for the high-grade copper-gold Zackly deposit, also on the Stellar claim block. Assay results from the first five holes are anticipated in November 2017.

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

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

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

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

"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 Completes Drill Program on Behalf of PolarX at Stellar Copper-Gold Project, Alaska

VANCOUVER, BRITISH COLUMBIA, October 4, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that it has successfully completed a late-season drilling program on the Stellar copper-gold project in Alaska. The work was executed by Millrock on behalf of PolarX (ASX: PXX) (“PolarX”) (previously Coventry Resources ASX: CYY).

Millrock sold the Stellar project to Coventry in August 2017 in a transaction announced here, and Coventry subsequently changed its name to PolarX. Millrock presently owns approximately 10.7% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments.

The drilling program’s primary objective was to establish a modern resource for the Zackly deposit that meets the standards of the Australian Joint Ore Reserves Committee for mineral resource reporting. A historic high-grade copper-gold resource had been previously reported by prior workers at Zackly, which is situated on the Stellar claim block and is detailed in this summary description.

The results of visual observations of drill core samples are summarized in the PolarX press release which can be viewed at this link.

Drill core recovery techniques and samples acquisition, handling and assay methods are clearly stated in the PolarX press release and it is anticipated that initial assay results will be received in October.

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

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

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

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

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

 "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 Sojourn Commence Field Work on Two Golden Triangle Projects, British Columbia, Canada

VANCOUVER, BRITISH COLUMBIA, August 30, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock" or “the Company”) is pleased to announce that work has begun on the Willoughby and Oweegee Dome projects in the Golden Triangle district of British Columbia. The work is being executed by Millrock, funded by Sojourn Exploration Inc. (TSX-V: SOJ) ("Sojourn"), and should be completed by the end of September.

At the Willoughby project, the primary focus will be prospecting present-day glacier margins for newly exposed surface mineralization. It has been close to a decade since geologists have visited the site and during this period glaciers have been rapidly retreating. The field crew will search for mineralized zones, and if located, collect rock samples and create geological maps. Additionally, structural geology will be mapped to help understand the gold mineralizing controls. The work will be done from Millrock’s exploration facility in Stewart, BC. Meanwhile, historic paper exploration drilling records will be digitized and brought into a modern digital database and a three-dimensional model formed. Past drilling results indicate high-grade gold results over significant core lengths as further described in an earlier Millrock press release.

For the Oweegee Dome project, which is prospective for porphyry copper-gold deposits and volcanogenic zinc-lead deposits, planned work will consist of the following:

  • Stream silt sampling over the entire claim block (approximately 240 samples), and
  • Prospecting, mapping, and soil sampling at each of ten high priority geophysical targets that were previously identified by the VTEM and ZTEM / Mag surveys conducted in prior years.

The Oweegee Dome project is described in more detail here.

Sojourn has the option to earn a 100% interest in the Willoughby and Oweegee Dome projects by making payments to Millrock in the form of Sojourn shares and by funding exploration in accordance with a set minimum schedule. Millrock is also entitled to a 2% Net Smelter Returns royalty.

Millrock presently owns 12.6% of the issued and outstanding shares of Sojourn.

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

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

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

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

Some statements in this news release contain forward-looking information. 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 Coventry Commence Drilling Program at the High-Grade Copper-Gold Deposit, Stellar Project, Alaska

VANCOUVER, BRITISH COLUMBIA, August 28, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock" or “the Company”) is pleased to announce that drilling has commenced at the Stellar Project. The program will focus on the high-grade copper-gold deposit called Zackly. A program consisting of approximately 25 holes totaling 3,000 meters is planned. Two drills have been mobilized to complete the work. Millrock is executing the work on behalf of Coventry Resources (ASX: CYY, “Coventry”). Millrock recently sold its interest in the Stellar Project for an equity stake in Coventry. The Company presently owns 10.6% of the issued and outstanding Coventry shares.

The drilling program’s primary objective is to bring the historic, high-grade, copper-gold resource at the Zackly skarn deposit to meet the standards of the Australian Joint Ore Reserves Committee (JORC) for mineral resource reporting. To accomplish this objective one drill will be used to drill approximately twelve holes through the known, historic deposit. For a description of the Stellar Project, and the Zackly copper-gold deposit, click here. A second drill will test for extensions of the deposit, both to the east and west, where induced polarization surveys indicate possible additional mineralization.

Coventry also owns the nearby Caribou Dome (“CD”) copper deposit, which is reported by Coventry to have a high-grade resource that is described in this Coventry press release. A description of the CD project can be found at this link. Geological mapping and other surface work is currently in progress at CD.

Baseline environmental studies will also be conducted at both Zackly and CD in anticipation of moving the combined project toward a pre-feasibility study in 2018.

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

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

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

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

Some statements in this news release contain forward-looking information. 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 Sojourn Close Transaction on Two Golden Triangle Projects, British Columbia, Canada

VANCOUVER, BRITISH COLUMBIA, August 24, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that the transaction previously announced here on June 14, 2017, has closed. Under two separate agreements, Millrock has granted an option to purchase a 100% interest (subject to a royalty provision) in the Willoughby and Oweegee Dome projects to Sojourn Exploration Inc., (TSX-V: SOJ) ("Sojourn"), previously Sojourn Ventures Inc. The two projects are located in the Golden Triangle mining district, northeast of the Town of Stewart, British Columbia, Canada.

Under the terms of the agreements, Sojourn must make share issuances and incur exploration expenditures over three years in order to exercise the options and take ownership of the properties from Millrock. Millrock has already received the first payment of 1,800,000 Sojourn shares. The transaction also required that Sojourn complete an equity financing of at least $1.0 million. As announced by Sojourn today, the oversubscribed equity financing has been completed and the TSX Venture Exchange has accepted all components of the transaction. Millrock now owns 12.6% of the issued and outstanding Sojourn shares.

Attributes of the Willoughby high-grade gold – silver project are described by Millrock in a press release found here. Exploration progress made by Millrock on the Oweegee Dome porphyry copper-gold project is described in this press release. Summary descriptions of all Millrock’s Golden Triangle district projects can be found at this link. Millrock will be the exploration operator for the 2017 program that is presently being initiated.

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

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

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

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

Some statements in this news release contain forward-looking information. 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."

Early Warning News Release

For Immediate Release

VANCOUVER, BRITISH COLUMBIA, August 24, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF)(the “Shareholder”) issues this early warning news release in respect of its security holdings of Sojourn Exploration Inc. (TSXV: SOJ) (the “Issuer”).

On August 24, 2017, the Issuer delivered 1,800,000 common shares (the “Initial Sojourn Shares”) to the Shareholder under option agreements dated June 9, 2017, made between the Issuer and the Shareholder (the “Option Agreements”), pursuant to which the Issuer has the right to earn a 100% interest in the Shareholder’s Oweegee and Willoughby properties, each located in the “Golden Triangle” east and northeast of the town of Stewart, British Columbia.  The Initial Sojourn Shares represent the first tranche of common shares of the Issuer issuable under the Option Agreements.

As a result of the issuance of the Initial Sojourn Shares, the Shareholder holds a total of 1,800,000 common shares of the Issuer as at the close of business on August 24, 2017, representing 12.6% of the current issued and outstanding shares of the Issuer, based on information provided by the Issuer as to its issued and outstanding share capital.

The Shareholder did not act jointly with any other party in acquiring the Initial Sojourn Shares.

Additional common shares of the Issuer will be issuable to the Shareholder if the Issuer chooses to maintain the Option Agreements in good standing.  The Initial Sojourn Shares are subject to a four month hold period; thereafter, the Shareholder may sell some or all of the Initial Sojourn Shares but has no present intention to do so.

This news release is being disseminated pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”). A copy of the report to be filed with Canadian securities regulators in connection with the acquisition of these securities can be obtained upon its filing under the Issuer’s profile on the SEDAR website (www.SEDAR.com) or by contacting the Shareholder at (604) 638-3164.

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

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

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

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

"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 2017 Exploration Update

VANCOUVER, BRITISH COLUMBIA, August 10, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock" or “the Company”) is pleased to provide an update on its exploration activities in Alaska, British Columbia, and Mexico, as well as its growth plans for 2017 and beyond.

Keeping in line with the Project Generator business model, Millrock has continued to generate numerous high-quality projects over the past four years. Most recently, the Company has added two new projects to its portfolio: the La Navidad and El Picacho gold projects in Sonora State, Mexico.

Presently, Millrock has three partner companies funding work on five different projects. Total 2017 exploration expenditures are estimated to be US$5.1 million, and revenues from management fees are estimated to be US$380,000, with most of the activity, expenditures, and revenues to come in the latter half of 2017.

Reflecting on Millrock’s current exploration activities, President and CEO, Gregory A. Beischer, stated: “During the industry downturn Millrock moved boldly to grow its property portfolio. Now that metal prices and investor sentiment have improved, we are ramping up exploration efforts significantly. With robust drilling budgets now in place, we have a good chance to make a discovery that will benefit all Millrock shareholders.”

The following highlights the company’s current exploration activities:

Alaska:

Liberty Bell Project – Gold
In July, Millrock executed a geochemical exploration program on its Liberty Bell Project. More than 1,600 soil samples were collected from the property as well as stream sediment and rock samples. Results should be received in August and compiled with existing project data to select drill targets for 2018.

A subsidiary of Kinross Gold Corporation is the funding partner at Liberty Bell. They can earn a 70% interest in the project by making exploration expenditures of US$5.0 million over four years. Millrock is entitled to receive advanced minimum royalty payments and management fees as the project operator. A full project description can be found here.

Stellar Project – Copper and Gold
On July 26th, 2017, Millrock announced that it had closed the sale of the Stellar copper-gold project to Coventry Resources (ASX: CYY, “Coventry”) for a 10.6% stake in the company. Coventry owns the nearby Caribou Dome (“CD”) copper deposit, which is reported by Coventry, to have a high-grade resource that is described in this Coventry press release.

Upon closing of the transaction, Coventry announced that it had successfully raised AUS$5.5 million. Coventry will fund a major drilling campaign on the Stellar Project this year, as well as surface exploration work at CD. The program, which will be operated by Millrock on behalf of Coventry, will see two drill rigs working at the high-grade Zackly copper-gold skarn deposit. The program’s primary objective is to bring the historic, high-grade, copper-gold resource at the Zackly skarn deposit to meet the standards of the Australian Joint Ore Reserves Committee resource. Approximately 3,000 meters are planned in 20 holes. Additionally, baseline environmental studies will be conducted at both Zackly and CD in anticipation of moving the combined project toward a pre-feasibility study in 2018.

For a description of the Stellar Project, click here. A detailed outline of the program can be found on Coventry’s website here. A description of the CD project can be found at this link.

Mexico:

La Navidad Project, Sonora State – Gold
On June 13th, 2017, Millrock announced that it had entered into an option to purchase agreement on the La Navidad gold project. The concessions under option are adjacent to surrounding concessions already held by Millrock. The district-scale land package covers more than 25,000 hectares (some titles still pending) in the Magdalena di Kino Mining area of Sonora State, Mexico. Immediately following the property acquisition, Millrock entered an option to joint venture agreement with Centerra Gold Inc. (“Centerra”), in which Centerra can earn an 80% interest in the project.

Past work has shown gold mineralization over significant drill intervals with good grade, as indicated in Millrock’s press release which can be accessed at this link.

A surface program of soil sampling, geological mapping, induced polarization and magnetic surveys is presently underway. Pending confirmation by Centerra, it is anticipated that drilling will be done on the project in the fall of 2017. 

El Picacho Project, Sonora State – Gold
On June 8th, 2017, Millrock announced it had entered an option agreement to purchase the El Picacho project. The concessions cover approximately 6,300 hectares, located in Sonora State, Mexico. Numerous gold occurrences are known to exist on the concessions, which are thought to have the potential for an orogenic gold deposit of similar nature to the nearby San Francisco Gold Mine operated by Alio Gold Inc.

The project has been made a “designated project” under the terms of a strategic alliance agreement in place between Centerra and Millrock. 

Millrock is currently conducting a surface program of soil sampling, geological mapping, induced polarization surveys, and mag surveys in anticipation of a winter 2017 drilling campaign. A full project description can be found here.

Los Chinos and Los Cuarentas Projects, Sonora State – Gold
These projects had been the subject of an option to joint venture agreement with Centerra. Recently, Centerra elected to terminate the option. Millrock is working to secure new partners for the projects.

British Columbia:

Oweegee Dome Project – Copper-Gold Porphyry and Volcanogenic Massive Sulfide
On June 14th, Millrock formed an option to purchase agreement with TSX-V company Sojourn Ventures (TSX-V: SOJ, “Sojourn”). Sojourn is in the midst of raising an initial $1.0 million to fund the first stage of work on the Oweegee Dome project this summer and bring the property to full drill readiness for summer 2018. Stream sediment surveys, mapping, and prospecting in the areas of conductive zones identified by geophysical surveys are planned. An amount of $300,000 is budgeted for the project. Millrock would operate and be entitled to a 10% management fee. Upon completion of the financing, the transaction will close and Millrock will be a significant shareholder of Sojourn. A more detailed description of the project can be found here.

Willoughby Project – High-Grade Gold
In addition to the Oweegee Dome project, Sojourn will also fund a $200,000 exploration program on the Willoughby high-grade gold project, located south of Oweegee Dome. The program will start by prospecting the margins of glaciers which have receded substantially since the last exploration effort in 2008. The project, which is known to host some very high-grade gold mineralization over significant drill intervals, is described further here.

Exploration on both Oweegee Dome and Willoughby is expected to start in mid-August.

–––

Millrock’s President and CEO, Gregory A. Beischer, stated: “With a number of exploration programs in place for the second half of 2017, we are excited and encouraged to see that the work and determination we had put in throughout the downturn is paying off. We look forward to executing on the numerous programs in place and are well-positioned to create shareholder value through discovery in the coming months and years.”
 

Stock Option Grant:

A new employee of Millrock has been granted 75,000 incentive stock options. The options to purchase Millrock shares can be exercised at a price of $0.37 for a period of five years from today’s date.

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

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

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

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

Some statements in this news release contain forward-looking information. 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 Takes Equity Stake In Coventry Resources Through Sale Of Stellar Copper-Gold Project (Alaska) And Begins Drill Program

VANCOUVER, BRITISH COLUMBIA, July 26th, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) (“Millrock” or the “Company”) is pleased to announce that it has closed the sale of Stellar copper-gold project to Vista Minerals Pty Ltd (“Vista”). Upon completion of the deal, as previously announced, Vista successfully merged with Coventry Resources, which owns an option on the adjacent high-grade copper Caribou Dome Project. Coventry simultaneously announced that it had successfully raised AUS$5.5 million to further exploration. Upon closing of the three-way deal, Millrock now owns a 10.6% of Coventry Resources.

With the capital raising and merger complete, Coventry Resources will fund a major drilling campaign on the Stellar Project, as well as surface exploration work at Caribou Dome. The program, which will be operated by Millrock on behalf of Coventry, will see two drill rigs working at the high-grade Zackly copper-gold skarn deposit. Approximately 3,000 meters are planned in 20 holes.

The main objective of the program is to bring the historic, high-grade, copper-gold resource at the Zackly skarn deposit to a point that it meets the standards of the Australian 2012 Edition of the Australasian Code for Reporting of Exploration Results (JORC Code). The secondary objective is to discover strike extensions of the deposit which are inferred to exist from induced polarization geophysical surveys conducted in 2016. Drilling is planned to commence in mid-August. Further induced polarization surveys and geological mapping will be undertaken at Zackly and the nearby Mars copper-gold porphyry target. Field work will also be done at Caribou Dome. Millrock will earn a 10% management fee in expenditures and is entitled to certain milestone payments if a resource of significant size is delineated on the Stellar Project.

A detailed outline of the program can be found on Coventry’s website here.

For a description of the Stellar Project, click here.

For a description of the Caribou Dome project, click here.

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

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

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

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

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

 "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 Kinross Commence Field Program At Liberty Bell Project, Alaska

VANCOUVER, BRITISH COLUMBIA, July 6, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock" or "the Company") is pleased to announce that it has commenced a field program at its Liberty Bell project, located in the Bonnifield Mining District, Alaska. The project is located 115 km (70 mi) southwest of Fairbanks.

Funding for the work is provided by Kinross Gold U.S.A., Inc., a subsidiary of Kinross Gold Corporation ("Kinross") under the terms of an Option to Joint Venture agreement executed in early 2017 and announced here. Millrock will act as the exploration operator on the project.

The project targets distal skarn gold deposits and possibly porphyry copper-gold deposits. Geology and setting of a small known gold deposit at Liberty Bell is similar to the new discovery at the Tetlin Project near Tok, Alaska, which is being explored by a private company Contango Ore, and royalty company Royal Gold.

The field program will consist of 16 sampling days with ten soil samplers and geologists collecting a target of 5,000 soil samples to characterize the surface geochemistry, in addition to mapping and prospecting.

Previous Millrock press releases on the Liberty Bell property can be found here.

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

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

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

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

Some statements in this news release contain forward-looking information. 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 Options Two Golden Triangle Projects To Sojourn Ventures, British Columbia, Canada

VANCOUVER, BRITISH COLUMBIA, June 14th, 2017 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock") announces two separate option agreements whereby it has granted an option to Sojourn Ventures Inc., (TSX-V: SOJ) ("Sojourn"), which may purchase a 100% interest (subject to a royalty provision) in the Willoughby and Oweegee Dome projects in the Golden Triangle mining district northeast of the Town of Stewart, British Columbia, Canada.

Sojourn must make share issuances and incur exploration expenditures over three years in order to exercise the options and take ownership of the properties. The transaction and Sojourn’s plans are more extensively described in their press release here. After the first share issuance and the equity financing contemplated by Sojourn, Millrock will own approximately 15% of the issued and outstanding shares of the company.

Gregory A. Beischer, President & CEO of Millrock commented: “Historically Millrock has made exploration agreements primarily with major mining companies. However, we anticipate that shares of junior gold exploration companies will do well in the coming years. Millrock will become a major shareholder of Sojourn and as a result, our shareholders may realize the best value possible for these assets. Millrock will execute the initial exploration programs on the properties on behalf of Sojourn and in return will be entitled to a management fee. We look forward to advancing these exciting gold and copper projects."

Option Agreements
To exercise the option agreements on the two properties, Sojourn must issue the following common shares of Sojourn to Millrock and incur the following expenditures on the two properties:

At the completion of the share payments and work commitments, Sojourn will have earned a 100% interest in the properties subject to certain Net Smelter Return (NSR) royalties. Upon exercise of the option on the Oweegee Dome project, Millrock will vest with a 2% NSR royalty. On Willoughby, Millrock will vest with a 1.5% NSR royalty.

Attributes of the Willoughby high-grade gold – silver project have been described by Millrock in a press release found here. Exploration progress made by Millrock on the Oweegee Dome porphyry copper-gold project was described in this press release. Summary descriptions of all Millrock’s Golden Triangle district projects can be found at this link.

Investor Rights Agreement
Concurrently with entering into the Option Agreements, Sojourn and Millrock entered into an Investor Rights Agreement which entitles Millrock to participate in future Sojourn Placements to maintain its percentage interest in Sojourn provided Millrock holds at least 7.5% of Sojourn’s issued and outstanding common shares. The Investor Rights Agreement also entitles Millrock to nominate one director to Sojourn’s board of directors as long as it continues to hold at least a 7.5% interest in Sojourn. Millrock has also granted Sojourn a one-year right of first refusal over Millrock’s Todd Property, located near the Willoughby and Oweegee Properties.

The agreements are subject to the approval of the TSX Venture Exchange, approval of an individual from whom most of the Willoughby tenures were purchased previously by Millrock, and upon completion of the equity financing contemplated by Sojourn.

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

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

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

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

Some statements in this news release contain forward-looking information. 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.