NEWS RELEASE
Millrock Announces Appointment of New Director
VANCOUVER, BRITISH COLUMBIA, July 19, 2010 - VANCOUVER, BRITISH COLUMBIA, Millrock Resources Inc. (MRO - TSX:V) ("Millrock", or the "Company") announces the appointment of Mr. Roland Butler to the Board of Directors.
Mr. Butler graduated from Memorial University in Newfoundland and Labrador (B.Sc., Geology) in 1996 and was the co-founder of Altius Minerals Corporation (ALS:TSX). He served as Vice President and Director of Altius from listing in October 1997 through to March 2010 and also served as CFO until 2003 and COO from 2007. During that time, he played an integral part in a successful business model of generating mineral exploration projects and pursuing joint venture and royalty agreements or creating new companies with third parties. He was also co-recipient of the Entrepreneur of the Year Award 2008 by the Faculty of Business Administration, Memorial University on behalf of Altius Minerals Corporation.
Millrock's President and CEO Gregory Beischer stated: "Millrock is very pleased to have Roland Butler as a director as we build a leading company through the prospect generation and joint venture business model."
Pursuant to the terms of the Company's stock option plan, Mr.. Butler has been granted 200,000 incentive stock options exercisable at $0.40 per share for a period of five years. Mr. Butler was a participant in the recent private placement financing completed by Millrock.
About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the financial risk and attendant shareholder dilution. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copper prospects in Arizona. Its joint venture partners, underwriting some $3.5 million of exploration in 2010, include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius.
ON BEHALF OF THE BOARD
"Gregory Beischer"
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT: Gregory A. Beischer (604) 638-3164
Millrock Resources Inc. 750 World Trade Centre 999 Canada Place Vancouver, BC V6C 3E1
Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.
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