Early Warning News Release

FOR IMMEDIATE RELEASE

VANCOUVER, BRITISH COLUMBIA, September 14, 2018 – Millrock Resources Inc. (“Millrock” or the “Company”) announces that it acquired ownership of and control over 7,823,417 common shares (each, a “Sojourn Share”) in the capital of Sojourn Exploration Inc. (“Sojourn”) of Suite 2300 – 1177 West Hastings Street, Vancouver, British Columbia, V6E 2K3.  Sojourn issued 7,823,417 Sojourn Shares to the Company in consideration for the sale by the Company to Sojourn of the Company’s Todd Creek, Willoughby and Oweegee Dome projects (the “Projects”) pursuant to the terms of a mineral property purchase agreement dated August 8, 2018 between the Company and Sojourn. Each of the Sojourn Shares was issued by Sojourn to Millrock at a deemed price of $0.10 for an aggregate deemed price of $782,341.70. Millrock currently owns a total of 9,623,417 shares in the capital of Sojourn, representing 16.12% of the total issued and outstanding common shares in the capital of Sojourn, based on 59,692,212 outstanding common shares. The Company acquired the securities of Sojourn as partial consideration for the sale of the Projects. Depending on market conditions and other factors, the Company may from time to time acquire and/or dispose of securities of Sojourn or continue to hold its current position.

Once filed, a copy of the early warning report filed pursuant to National Instrument 62-103 can be downloaded from Sojourn’s SEDAR profile (www.sedar.com).

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, Kinross, First Quantum, Teck, 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)

Millrock Announces Cancelation of Agreement on Lithium Brine Project, New Mexico, USA

VANCOUVER, BRITISH COLUMBIA, September 14th, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") announces that the purchase and sale agreement concerning the company’s Lordsburg lithium project has been canceled. The transaction was described in the Company’s prior press release dated June 21, 2018. The agreement with Nevada-registered Xinda International Corp (OTC: XNDA, “Xinda”) required that Xinda make a cash payment to Millrock and maintain the claims in good standing. Xinda was unable to raise needed financing and the agreement was therefore canceled. Millrock has retained the claims.

The Lordsburg lithium brine project is located in southern New Mexico and consists of 54 federal mining claims covering 1,080 acres surrounded by a large Area of Interest (“AOI”), which measures in excess of 2,200 square miles. The objective of the exploration project is to discover large volumes of lithium-bearing brine from which lithium metal can be economically extracted. The project covers a large, closed, sedimentary basin that is of adequate catchment area for the accumulation and recharge of lithium-bearing brines. The basin is surrounded by young, lithium-bearing volcanic rocks from which lithium may have been leached over time and migrated to depositional sites within the basin as brine. The claims are situated over a central playa or salar, and cover the deepest portions of the sedimentary basin, where brine would be most likely to accumulate. As evidenced by local, active hot springs, there is a high regional heat flow to drive fluid movement. Structures, interpreted from geophysical surveys, provide fluid pathways and potentially form boundaries that create brine pool traps. The arid climate of southern New Mexico allows for brine formation, and geological age relationships demonstrate that sufficient accumulation time was available in this long-lived basin to develop sustainable brines. This is an early-stage conceptual target. No prior exploration is known to have occurred for lithium at this location. 

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

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

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 Completes Transaction With Sojourn Exploration Concerning Three Projects In The Golden Triangle District, British Columbia

VANCOUVER, BRITISH COLUMBIA, September 14, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that the TSX Venture Exchange has given final acceptance of the previously announced transaction with Sojourn Exploration Inc. (“Sojourn”, TSX-V: SOJ) concerning Millrock’s exploration projects in the Golden Triangle District of British Columbia: Oweegee Dome, Willoughby and Todd Creek.

Under the purchase agreement, existing option agreements with Sojourn on Millrock’s Oweegee Dome and Willoughby projects have been terminated. Through a private placement transaction Sojourn has raised $2.8 million. Millrock now owns 9,623,417 Sojourn shares, representing a 16.1% interest in the company. The shares will be held for a minimum of twelve months under a voluntary pooling agreement. Millrock will retain a royalty on the properties and receive reimbursement of $250,000 from Sojourn for exploration costs incurred in 2017.

As part of the transaction, Sojourn also purchased four other British Columbia projects from a private company, Seven Devils Exploration Ltd. (“SDE”), for shares. As announced by Sojourn, the SDE team will take over executive and technical management of Sojourn.

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

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

Gregory A. Beischer, President, CEO and a director of Millrock Resources, is also a director of Sojourn.

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

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

Millrock Partner Reports Drill Results

VANCOUVER, BRITISH COLUMBIA, August 16, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") announces that PolarX Mining Inc. (“PolarX”) (ASX: PXX) has reported the first assay results for 2018 from drilling at the Zackly copper-gold deposit within its Alaska Range Project.

Results from hole ZX-18020 are presented below:

  * These intersections include an uncut assay grading 27.3% Cu over a narrow interval of 0.3 meters between 56.7 meters and 57.0 meters The drill intersection reported is apparent thickness. Due to the structural complexity in this area, in which several conjugate faults have been inferred, the true thicknesses of the mineralization cannot be ascertained until further drilling has been undertaken.

* These intersections include an uncut assay grading 27.3% Cu over a narrow interval of 0.3 meters between 56.7 meters and 57.0 meters The drill intersection reported is apparent thickness. Due to the structural complexity in this area, in which several conjugate faults have been inferred, the true thicknesses of the mineralization cannot be ascertained until further drilling has been undertaken.

The drill intersection includes a 0.3 meter down-hole thickness from 56.7 meters which assayed 27.3% copper, 2.5 grams per tonne (“g/t”) gold and 82.5 g/t silver. The gold and copper mineralization in ZX-18020 occurs in garnet-bearing skarn alteration located above a fault. Visible copper mineralization occurs in veins, fractures, and interstitial to grains, as native copper flecks and silicified chalcocite with variation in intensity throughout each mineralized zone. Gold is also present throughout this zone, although no visible gold was observed in this hole. Further information, maps and cross sections are available of the PolarX website.

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

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

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

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

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

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

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

Millrock Sells Three Exploration Projects In The Golden Triangle District, British Columbia

VANCOUVER, BRITISH COLUMBIA, August 9, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that it has executed a definitive agreement for a transaction in which its three exploration projects in the Golden Triangle District of British Columbia - Oweegee Dome, Willoughby and Todd Creek - have been sold to Sojourn Exploration Inc. (“Sojourn”, TSX-V: SOJ). The agreement to sell the properties was previously announced here when Millrock entered into a Letter of Intent to complete the transaction in February of this year.

The existing option agreements with Sojourn concerning Millrock’s Oweegee Dome and Willoughby projects have been terminated. Sojourn has announced a financing of $2.5 million, concurrent with the closing of the transaction. Millrock presently owns 1,800,000 Sojourn common shares and will be issued 7,823,417 additional common shares of Sojourn for a total of 9,623,417 Sojourn common shares. The shares will be held for 12 months under a voluntary pooling agreement. Upon closing of the financing, if $2.5 million is raised, Millrock will be a 19.9% owner of Sojourn (inclusive of the Sojourn shares issued to SDE for the acquisition mentioned below). Millrock will retain a royalty on the properties and receive reimbursement of $250,000 from Sojourn for exploration costs incurred in 2017.

As part of the transaction, Sojourn also purchased four other British Columbia projects from a private company Seven Devils Exploration Ltd. (“SDE”) for shares. The SDE team will take over executive and technical management of Sojourn.

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

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

The agreement will require the approval of the TSX Venture Exchange, and consent of some underlying claim owners. Gregory A. Beischer, President, CEO and a director of Millrock Resources, is also a director of Sojourn.

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

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

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

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

Some statements in this news release contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the receipt of TSX Venture Exchange approval to the agreements described in this news release and the satisfaction or waiver of the conditions set out in those agreements including Sojourn’s completion of a private placement to raise at least $2.5 million.

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

VANCOUVER, BRITISH COLUMBIA, August 9, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that the second phase of core drilling on the La Navidad gold project has been completed. The program was designed to test geological targets identified through soil and rock sampling, geophysical surveys and trenching. The drill holes targeted the Crossover and Cobre prospects. The Navidad project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic gold deposits and is being funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”). In total, 2,969 meters in 14 holes were drilled. Additionally, Hole NV-010 initially drilled in the first drilling campaign was deepened. The table following on the next page indicates significant and anomalous drill intersections for gold in grams per metric tonne (“g/t”). Highlights of the program with two different cutoff grades are shown on the table immediately below:

NR18-14 - Phase 2  Navidad Drill Results - 01.png

Millrock President & CEO Gregory Beischer commented: “Some strong results were obtained in this program from the Crossover and Cobre prospects with anomalous gold over significant core intervals. More drilling will be necessary to determine whether there is continuity between the discrete zones of mineralization intersected.”

Note: The mineralized intervals reported in the two table in this disclosure are down-hole, measured thickness. Based on initial interpretations it appears the mineralized zones intersected dip shallowly to the north at 15 degrees. However, there is not enough geologic control at this point to verify the interpretation and therefore to make an accurate estimate of true width with confidence. In particular, it is noted that hole NV-021 may have been drilled sub-parallel down the dip of several gold-mineralized structures. For the composited values reported, a 0.1 gram per tonne gold cut-off was used, and a maximum allowable internal dilution thickness of 3.0 meters was used. See note below concerning quality control – quality assurance.

 
NR18-14 - Phase 2  Navidad Drill Results - 02.png
 

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

Corporate Developments
Darryl Cardey has tendered his resignation as a Director of Millrock for personal reasons. The Company thanks Mr. Cardey for eleven years of service and guidance since the inception of Millrock in 2007.

Millrock has sold 6,450,000 shares of PolarX Mining Ltd at AUD$0.105 for gross proceeds of AUD$677,350.

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

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

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

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

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

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

Millrock Provides Update of Exploration Activity

VANCOUVER, BRITISH COLUMBIA, July 18, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to provide the following exploration update. Active partner-funded projects and projects that are under evaluation by potential partners are reviewed below. Anticipated partner-funded exploration for 2018 is valued at approximately US$5 million. The approved exploration budgets include approximately 10,000 meters of drilling at three different projects.

Gregory Beischer, Millrock President & CEO commented: “We have plenty of potential catalysts to improve the Millrock share price through the discovery of valuable resources. Millrock continues to be a prolific generator of new projects that attract funding of major and junior companies alike.”

 

EXPLORATION UPDATE: MID-POINT 2018

ALASKA

Alaska Range Project (copper-gold-silver skarn, copper-gold porphyry). In 2017, Millrock sold its Stellar Project to ASX listed PolarX Mining Ltd. (ASX: PXX) (“PolarX”). PolarX owned adjacent lands, and combined, the two blocks of claims form what is now called the Alaska Range Project. The claims protect over 35 kilometers of copper anomalism with skarn, porphyry-style and volcanogenic mineralization indicated. PolarX has recently raised ~AUD $2.4 million and authorized a budget of US$2.5 million for further drilling. As recently announced here, 23 holes are planned in the current program. Millrock continues as the exploration operator. The drilling program is well underway. Millrock owns 9.76% of the issued and outstanding shares of PolarX, which at recent market prices has a value of approximately AUD$2.2 million. Millrock also holds a royalty on portions of the property and is entitled to certain milestone payments.

Liberty Bell Project (gold). This gold project is under option to joint venture with Kinross, whereby Kinross can earn a 70% interest. Millrock is the exploration operator and is entitled to management fees, advanced minimum royalty payments, and a net smelter royalty. A program consisting of an induced polarization geophysical survey and geological mapping is planned for August-September. Drilling is anticipated in 2019. 

Goodpaster Project (intrusion related vein gold). Millrock owns (or has an option on) seven individual claim blocks in this district of Alaska near and adjacent to the Pogo Mine – a successful gold mine operated by Sumitomo. The Company has developed a compelling target at the West Pogo portion of this project. Sumitomo has recently announced a gold discovery to the east of the Millrock – Sumitomo claim boundary. Two major gold companies and a junior are considering a partnership on the Millrock claims.

 

SONORA, MEXICO

La Navidad (gold). This project targets large-tonnage gold deposits. Centerra Gold is the funding partner and can earn up to an 80% interest. Centerra has funded a comprehensive, systematic geological-geophysical-geochemical exploration program that has been ongoing since 2017. Three main target areas have been delineated. A 2,900-meter drilling program has recently been completed to test the Cobre and Crossover targets. Complete results are anticipated in early August.

El Picacho (gold). The target at this project is an orogenic gold deposit similar to the San Francisco mine, which is approximately 15 kilometers to the east in a very similar geological setting. Centerra Gold is also funding this project and can earn 80% interest. This has been a very active project in the first half of 2018. Drill targets are emerging from the exploration work. Centerra has authorized a drilling program to begin later in the summer.

Guadalcazar (silver-lead, zinc skarn). This project hosts a high-grade silver-zinc-lead skarn deposit with good drill intersections and historic mine workings. There is potential to expand upon the known deposit. Millrock has received an offer to form an option to purchase agreement.

Batamote (copper porphyry). This project targets a porphyry in the Cananea – Caridad trend. There are some good geological signs of a porphyry copper deposit from prior, historic work. A major copper company is currently evaluating the project. 

Los Cuarentas (low sulfidation epithermal gold-silver). Millrock has acquired an option to purchase a key internal claim block called Santa Rosalia. Drill targets have been developed and drilling permits are in place. Numerous potential partner companies are evaluating this project.

 

NEW MEXICO

Lordsburgh (lithium brine). Millrock recently staked claims over a playa in southeastern New Mexico. The claims cover the deepest part of a sedimentary basin that has the potential for the accumulation and entrapment of lithium bearing brines. Millrock has sold the claims to Xinda International Corp. (“Xinda”) (OTC: XNDA). Consideration was US$50,000 (payable upon initial financing) plus 19.9% of the issued and outstanding Xinda shares. In the event that US$5 million is spent on the claims or the surrounding area of interest by Xinda, Millrock will be issued the number of Xinda shares needed to restore 19.9% ownership at that time (assuming that Millrock has not sold any of the initial share payment). Millrock will also be entitled to a 3% Gross Sales Royalty in the event of lithium production. The project was brought to Millrock by a geologist that was entitled to a finder’s fee. The finder agreement has been assumed by Xinda. 

Antelope Pass (Carlin-style or intrusion-related gold). Over the past several months Millrock has staked claims covering an extensive hydrothermal alteration zone intermittently exposed over at least 10 kilometers. Geological features at Antelope Pass have similarities to the highly productive Carlin Trend of Nevada. Potential partner companies are evaluating this project.

Red Basin (roll-front uranium). For several years Millrock has held an option agreement on claims covering a roll-front style uranium deposit discovered in the 1970s by Gulf Minerals. Recently, Millrock converted the option agreement to a finder’s agreement and took possession of the claims. Finder’s fees will be paid to the finder in the event that Millrock secures a funding partner for the project.

 

BRITISH COLUMBIA

Todd Creek, Oweegeee Dome, Willoughby (gold and base metals). Millrock acquired three projects in the Golden Triangle District in late 2015. Two of these projects have been optioned to Sojourn Exploration Inc. (“Sojourn”) (TSX-V: SOJ). A proposed transaction would have Millrock sell all three projects to Sojourn, and a new technical and management team would take over, bringing in four of their own projects. A Letter of Intent has been signed. If the deal is completed, Millrock will own 19.9% of a new top-flight BC project generator and will hold royalties on its three properties.

 

Qualified Person

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

About Millrock Resources Inc.

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

 

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 Agreement Change at Red Basin Uranium Project, New Mexico, USA

VANCOUVER, BRITISH COLUMBIA, July 12, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that it has reconfigured an option agreement and consolidated a land position at the Red Basin uranium project located in the state of New Mexico.

Previously, in an agreement announced in 2014, Millrock made an option agreement to acquire certain claims thought to cover uranium deposits, and staked claims covering areas with exploration potential. Recently, Millrock made an alternate agreement with the owner of the optioned claims. The option agreement was cancelled, and in its place a finder’s agreement was executed. Under the new agreement the finder will be paid a percentage of exploration expenditures in the event that a third party funds exploration programs on the claims or in a surrounding area of interest. The finder would be paid 2.5% of exploration expenditures with an annual US$25,000 minimum, and the finder’s fee would be capped at US$250,000. The previously optioned claims are being transferred to Millrock ownership and going forward the only holding cost will be the annual federal claim rental payments.

Millrock President & CEO Gregory Beischer commented: “We acquired these claims as a target of opportunity in 2014, thinking at the time that a surge in uranium prices was imminent. That has not proven to be the case, but we have retained the project, knowing one day prices will improve and that this uranium exploration project will be attractive to uranium explorers. The reconfiguration of this agreement allows us to retain the claims at a very low cost.”

The claims are thought to be underlain by at least three uranium deposits that may be conducive for In-situ Recovery (ISR) mining.  Millrock has unconfirmed reports that the deposits were discovered and drilled by Gulf Minerals in the 1970s. The project is located in Catron County, New Mexico, west of the town of Sorroco and 18 km north of the village of Datil, which is situated on Highway 60.

Roll-front type uranium mineralization is known in the Red Basin – Pietown District within which the property is situated. Minor historic past production has been reported from small mines off the claim block dating back to the 1950s. The uranium mineralization in the basin occurs primarily at the lower contact of the Baca Formation sandstone in association with redox boundaries and organic material. The favourable lower Baca Formation traverses the new Millrock property. Millrock has documented the location of approximately 239 drill hole monuments that are situated on the present Red Basin claim group.  Most of the holes were drilled by Gulf Minerals in the 1970s. Based on the approximate 30m drilling pattern in three particular areas and from discussion with geologists familiar with the area, it is thought that uranium deposits underlie these densely drilled areas. Millrock Chief Exploration Officer Philip St. George has observed drill logs from the historic drill holes, but Millrock does not presently have access to them.

The property now consists of 103 claims in which Millrock holds a 100% interest with no underlying royalty. The federal mining claims on the lands are administered by the US Forest Service. Millrock has secured exploration drilling permits.

Millrock sees potential to quickly define a uranium resource and expand upon it. If uranium deposits are present, they potentially could be mined by low-cost ISR mining methods. However, Millrock cautions readers that there is no certainty the proposed exploration will lead to the discovery of a uranium deposit or that if discovered, a deposit could be profitably extracted.

Millrock is currently seeking a joint venture partner. Additional information on the Red Basin project, as well as all of Millrock’s available properties is available on the Millrock Resources website.

The technical information within this document has been reviewed and approved by Gregory A. Beischer, President & CEO of Millrock Resources Inc. Mr. Beischer is a qualified person (QP) as defined in NI 43-101. The QP has inspected the property and observed drill hole monuments but has not verified drill hole logs. 

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 Staking of Lithium Brine Project and Sale of Claims, New Mexico, USA

VANCOUVER, BRITISH COLUMBIA, June 21, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that it has entered into a Purchase and Sale Agreement with Nevada-registered Xinda International Corp (“Xinda”), whereby Xinda will acquire a 100% interest (subject to a 3% gross final sales royalty provision) in federal mining rights comprising the Lordsburg lithium project (“the Assets”) in the State of New Mexico, USA.

Millrock acquired the claims by staking over the past several months. In consideration for acquisition of the Assets, Xinda has agreed to pay Millrock cash consideration of $50,000 and will issue that number of shares that will equal 19.9% of the issued and outstanding Xinda stock. Also, under a milestone payment agreement Xinda has agreed to a future share payment in the event that Xinda makes exploration expenditures of US$5.0 million on the claims or in a surrounding Area of Interest (“AOI”). Upon reaching that milestone, Xinda will issue to Millrock that number of shares of that will result in Millrock being restored to owning 19.9% of the issued and outstanding shares of Xinda at that time, provided that Millrock has not sold any of its initial stake in the company. Xinda has also assumed the obligations to make certain payments in accordance with a Finder agreement with a third party that brought the conceptual target to the attention of Millrock. Xinda trades on the over-the-counter markets under the symbol XNDA.

The Lordsburg lithium brine project is located in southern New Mexico and consists of 54 federal mining claims covering 1080 acres surrounded by a large Area of Interest (“AOI”) which measures in excess of 2,200 square miles. The objective of the exploration project is to discover large volumes of lithium-bearing brine from which lithium metal can be economically extracted. The project covers a large, closed, sedimentary basin that is of adequate catchment area for the accumulation and recharge of lithium-bearing brines. The basin is surrounded by young, lithium-bearing volcanic rocks from which lithium may have been leached over time, and migrated to depositional sites within the basin as brine.

The claims are situated over a central playa or salar, and cover the deepest portions of the sedimentary basin, where brine would be most likely to accumulate. As evidenced by local, active hot springs, there is a high regional heat flow to drive fluid movement. Structures, interpreted from geophysical surveys, provide fluid pathways and potentially form boundaries that create brine pool traps. The arid climate of southern New Mexico allows for brine formation, and geological age relationships demonstrate that sufficient accumulation time was available in this long-lived basin to develop sustainable brines. This is an early-stage conceptual target. No prior exploration is known to have occurred for lithium at this location.

Xinda has indicated it intends to follow the exploration plan below:

  1. Acquire satellite imagery and perform linear analysis for structures;
  2. Surface rock mapping and sampling;
  3. Water well sampling;
  4. Permitting for geophysical surveys and well drilling;
  5. Detailed ground gravity geophysical survey;
  6. Controlled-Source audio-frequency magnetotellurics geophysical survey;
  7. Data integration and basin modeling; and
  8. Well drilling.

Xinda has stated it intends to raise capital for the first seven exploration steps, and upon completion, do a secondary financing for drilling.

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

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

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

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

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

Millrock Provides Update of Exploration Activity

VANCOUVER, BRITISH COLUMBIA, June 20, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") reports that drilling is underway at the Alaska Range Project. Millrock is the exploration operator and work is being funded by PolarX Mining Ltd. (“PolarX”) (ASX: PXX). Millrock owns 9.76% of PolarX shares and is entitled to milestone payments and royalty payments on portions of the project.

Additional details about the drilling program and photographs appear in a PolarX press release that can be found at this link.

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 Mining Limited and Sojourn Exploration.

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 Additional Trench Results; Centerra Gold Authorizes Drilling Program Extension at La Navidad Gold Project, Sonora State, Mexico

VANCOUVER, BRITISH COLUMBIA, June 19, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report the current drilling program underway at the La Navidad gold project has been extended. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic, bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching.

Exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”). Originally, the core drilling program was to consist of 1,650 meters in seven holes with further drilling contingent upon results. After a recent review, Centerra has authorized a drilling program extension. The complete program will now consist of approximately 2,900 meters in 17 holes. Drilling is presently progressing on the tenth hole. The full program is likely to be completed by the end of June, based on the rate of production realized in the first part of the program.

The current drilling program is targeting the large, strong, gold-in-soil anomalies previously identified at the Cobre and Crossover prospects in 2017. Recent trenching has confirmed bedrock gold mineralization at surface in these prospect areas. Initial trench results were reported here.

Following is a table of results of rock chip-channel samples from all 19 trenches excavated and sampled. A gold cutoff of 0.1 grams per tonnne gold was used to calculate the composite intervals using a maximum of 3.0 meters of internal dilution. Geological relationships are not clear enough to accurately estimate true width of the anomalous zones reported. Trenches NAVTR-10, NAVTR-11, NAVTR-17 and NAVTR-18 did not contain significant anomalous results.

NR18-09 Navidad 2018 Extended Drilling - Tabel Trench Results.png

Since forming an option to purchase agreement with the underlying mineral right owner of La Navidad in June 2017, and a simultaneous option to joint venture agreement with Centerra, the companies have collaborated to execute a comprehensive exploration program. Centerra is funding the exploration work to earn a majority interest in the project.

Quality Control – Quality Assurance

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

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

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

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

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

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

Millrock Partner PolarX Announces Drill Program On The Zackly Copper-Gold Deposit, Alaska Range Project, Alaska

VANCOUVER, BRITISH COLUMBIA, May 31st, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that its partner PolarX Limited (ASX: PXX) (“PolarX”) has issued a press release announcing that the next phase of drilling will commence soon at the Zackly copper-gold deposit at its Alaska Range Project. The full press release issued by PolarX can be viewed by clicking on this link. The program is designed to expand upon the Inferred Resource that was calculated by PolarX using the standards of the Australian Joint Ore Resources Commission (JORC) announced by PolarX earlier this year.

Millrock presently owns 9.76% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project.            

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 Begins Second Round of Drilling at La Navidad Gold Project, Sonora State, Mexico

VANCOUVER, BRITISH COLUMBIA, May 16, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that a second round of drilling is beginning at the La Navidad gold project. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic, bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching. Exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”). The core drilling program will consist initially of 1,650 meters in seven holes, ranging from 150 to 250 meters in depth. These holes will target the large, strong, gold-in-soil anomalies previously identified at the Cobre and Crossover prospects. Recent trenching has confirmed bedrock gold mineralization at surface in these prospect areas. Additionally, at least one hole from the initial program completed in late 2017 will be deepened to test for further mineralization at the Anchor prospect. Results of that program were reported in a prior press release here. Contingent upon results of the upcoming drilling phase, the drilling program may be extended.

Millrock crews have been actively exploring the Cobre and Crossover prospects since early February. Detailed geological mapping with rock sampling (341 samples) was completed. It was found that the strongest soil anomalies occur in folded, faulted, Jurassic metasedimentary rocks in close proximity to diorite and monzonite dikes which follow pre-existing fault structures. Also, three lines of in-fill induced polarization geophysical surveys totaling 5.4 kilometers are in progress. The induced polarization survey has identified low-angle structures and stratigraphy conducive for orogenic gold deposition. An extensive program of surface trenching (1,398 meters in 16 trenches) and rock chip sampling (661 samples) has been completed. Results from the first eight trenches are reported below. A 0.1 parts per million gold cutoff was used to calculate the composite intervals. Geological relationships are not clear enough to accurately estimate true width of the anomalous zones reported.

NR18-07 Navidad 2018 Drilling - Results.png

Since forming an option to purchase agreement with the underlying mineral right owner of La Navidad in June 2017, as well as a simultaneous option to joint venture agreement with Centerra, the companies have collaborated to execute a comprehensive exploration program. Centerra is funding the exploration work to earn a majority interest in the project. 

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

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

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

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

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

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

Millrock Announces Stock Option Grants

VANCOUVER, BRITISH COLUMBIA, March 26, 2018 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock") announces it has granted a total of 1,295,000 stock options under the Company’s stock option plan to directors, officers, employees, and consultants. The options are exercisable at $0.23 per share for a period of five years.

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 Maiden Resource for the Zackly Copper-Gold Deposit, Alaska Range Project, Alaska

VANCOUVER, BRITISH COLUMBIA, March 19, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that its partner PolarX Limited (ASX: PXX) (“PolarX”) has issued a press release announcing an Inferred Resource for the Zackly copper-gold deposit at its Alaska Range Project. The full press release issued by PolarX can be viewed by clicking this link. The Inferred Resource was calculated by PolarX using the standards of the Australian Joint Ore Resources Commission (JORC).

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

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

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

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

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

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

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


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


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


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

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

Millrock Provides Corporate Update for 2018 and Yearly Review for 2017

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

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

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

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

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

2017: A Year in Review

Generation, Partnerships, & Exploration

Alaska

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

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

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

 

Mexico

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

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

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

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

 

British Columbia

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

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

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

Corporate Advancements:

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

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

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

 

2018 Corporate Update

Growth Plans and Potential Catalysts

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

Some key milestones Millrock intends to execute on are:

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

 

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

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

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

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

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

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

 

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.