Millrock Resources Inc.

Millrock Resources Inc.

October 03, 2007 09:30 ET

Millrock Engages UP Communications Ltd. for Investor Communications

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 3, 2007) - Millrock Resources Inc. (TSX VENTURE:MRO) has engaged UP Communications Ltd. to manage, design and implement a comprehensive investor communications program for the company, subject to regulatory acceptance. Patrick De Witt, principal and company co-owner Mr. Chris DeGroot, will be responsible for providing advice to the company with respect to corporate development, producing and distributing effective communication tools, and increasing investor awareness.

UP Communications Ltd. is a Vancouver based strategic marketing and communication firm with over 10 years experience working in the securities industry; five years working specifically in investor relations. Patrick De Witt and UP Communication Ltd. have conducted investor relations services for various TSX, TSX-Venture, AMEX and Lima Bolsa listed companies including Peru Copper, Bear Creek Mining, Nautilus Minerals and Luna Gold. UP Communications will use its extensive communications background and industry contacts to expand the company's strategic marketing plan, existing investor relations program and shareholder base.

Under the renewable agreement, UP Communications will receive a fee of $8,000 per month for an initial term of one year, which will be paid from general corporate funds. UP communications will also be granted incentive stock options to purchase up to 250,000 common shares of the company subject to TSX Venture Exchange holding and vesting requirements. A total of 150,000 stock options with an exercise price of 45 cents will be granted immediately. An additional 100,000 options will be granted in two separate lots concurrent with subsequent financing events at the lowest exercise prices permitted by the Exchange at that future time. Both UP Communications and its principal, Mr. De Witt, are at arm's length to Millrock.

About Millrock Resources Inc.

Millrock Resources Inc. is a TSX Venture Exchange listed company focused on the discovery of large metallic mineral deposits in Alaska. The potential in Alaska has barely been revealed for porphyry gold-copper-molybdenum deposits, intrusive-related gold deposits, sedimentary exhalative zinc-lead-silver deposits, and tin greisen deposits. To date, Millrock has acquired four promising projects, and intends on making further key acquisitions. The company has an active drilling campaign underway at its Divide and Inmachuk projects on the Seward Peninsula in western Alaska.


Gregory Beischer, President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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