VANCOUVER, BRITISH COLUMBIA, May 8, 2009 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") is pleased to announce changes to its management team. Effective immediately, the role of Chief Financial Officer ("CFO") will be assumed by Kulwant Sandher, CA. Mr. Sandher is a Chartered Accountant in both Canadian and English jurisdictions, and has established himself as a highly capable executive through eighteen years of industry experience. Previously, he has served as CFO for three other companies - The Stallion Group, Marketrend Interactive Inc. and Serebra Learning Corporation. Mr. Sandher is currently CFO and a member of the board of directors of Delta Oil & Gas Inc., and President and CFO of Turner Valley Oil & Gas Inc. Mr. Sandher is a principal in Hurricane Corporate Services, which will provide accounting services to Millrock.
Michael Chen, who has served as the Company's CFO since Millrock's inception will step down effective immediately. Millrock thanks Mr. Chen for his service and wishes him well in his efforts to grow his firm DoubleOcean Financial Group, which specializes in helping North American companies expand into China and Chinese firms in their efforts to grow globally.
The Company is also pleased to announce that it has promoted Sarah Whicker to the position of Vice President, Sustainable Development. Ms. Whicker has worked as a business and sustainable development consultant in the mineral exploration industry since 2004. She has been employed by Millrock since March 2008, proven herself to be a highly effective manager, and advanced the Company's interests considerably. The primary objective of her new position is the development and implementation of strategies that maximize community support for mineral exploration and development projects in which the Company is involved. This objective is achieved by ensuring that Company activities are conducted in a manner protective of the environment, and consistent with the values of local stakeholders and laws of the jurisdictions in which the Company operates. The Company has granted 750,000 stock options to officers, directors and employees exercisable at $0.18 per share for a period of five years.
ABOUT MILLROCK RESOURCES INC.
Millrock is a TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a Project Generator - Joint Venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.
ON BEHALF OF THE BOARD
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Patrick De Witt, Manager, Investor Relations
Toll Free: (877) 217-8978
Millrock Resources Inc.
750 World Trade Centre - 999 Canada Place
Vancouver, BC V6C 3E1
FORWARD LOOKING STATEMENTS
Some statements in this news release contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.
"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."