VANCOUVER, BRITISH COLUMBIA, May 2, 2011 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announces that it has made changes to its management team. Effective immediately, the role of Chief Financial Officer (“CFO”) will be assumed by Mr. Larry J. Cooper. Larry Cooper is a finance executive with deep experience in commercial banking and corporate finance. He spent 27 years with National Bank of Alaska and Wells Fargo Bank, N.A., where he was Senior Vice President and Manager of the Commercial Banking group. Mr. Cooper also has several years as CFO of Ukpeaġvik Inupiat Corporation. Mr. Cooper is a graduate of University of Washington’s Pacific Coast Banking School and College of Financial Planning. As an independent consultant, he works with a number of diverse companies including Alaska Native Corporations, primarily in the areas of management, finance, treasury, , accounting conversions, and business development. Mr. Cooper served for many years as Finance Director of the Alaska Miners Association and presently serves on the Boards of the Alaska State Chamber of Commerce, Department of Commerce’s Alaska Export Council, and Alaska Resource Education. He resides in Anchorage.
Mr. Kulwant Sandher, who has served as the Company’s CFO since 2008 will step down effective immediately. Millrock thanks Mr. Sandher for his service and wishes him well in his future endeavors.
The Company has granted 525,000 stock options to officers, recently engaged or hired consultants and employees exercisable at $0.64 per share for a period of five years.
ABOUT MILLROCK RESOURCES INC. Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million in 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.
ON BEHALF OF THE BOARD "Gregory Beischer” Gregory Beischer, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT: Gregory A. Beischer (604) 638-3164 Millrock Resources Inc. 750 World Trade Centre 999 Canada Place Vancouver, BC V6C 3E1
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