Millrock Resources Inc.

TSX VENTURE : MRO


Millrock Resources Inc.

April 29, 2014 12:54 ET

Millrock Announces Management and Board Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2014) - Millrock Resources Inc. (TSX VENTURE:MRO) ("Millrock" or the "Company") announces today a reduction in the size of its board of directors and a change in title to one of its senior officers.

Sarah L. Whicker has been appointed to the newly-created position of Executive Vice President in place of her previous position as Chief Operating Officer. As a key member of the management team Ms. Whicker will continue to be responsible for matters relating to stakeholder and government relations, as well as corporate management, administration and governance of the Company's subsidiaries. Ms. Whicker has volunteered to work on an as-needed basis for a period of at least the next six months and the Company thanks her for this flexibility.

Millrock Director David Volkert has resigned as a director of Millrock effective immediately.

Millrock Director Charles Hawley has indicated to the Company that he will not seek re-election at the upcoming Annual General Meeting (AGM) of shareholders. Mr. Hawley has tendered his resignation with an effective date of June 9, 2014 immediately preceding the AGM.

The Company is grateful for the direction and guidance that has been provided by Mr. Volkert and Mr. Hawley and wishes them well in the future. Rather than appoint new directors at this time, it is the intention of the Company to fix the number of directors at five at the AGM.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class metallic mineral deposits in mineral-rich Alaska and southwest USA, 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. Millrock currently has nine active exploration projects, seven gold-copper properties in Alaska, a porphyry copper prospect in Arizona and a uranium project in New Mexico. Funding for Millrock's exploration projects primarily comes from its joint venture partners. Business partners of Millrock include some of the leading names in the mining industry: First Quantum, Teck and Altius.

ON BEHALF OF THE BOARD

Gregory Beischer, President & CEO

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.

Contact Information

  • Millrock Resources Inc.
    Gregory A. Beischer
    (604) 638-3164 or (877) 217-8978 toll free