Millrock Resources Inc.

Millrock Resources Inc.

July 08, 2010 13:21 ET

Millrock Resources Closes Financing With Altius Minerals

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2010) - Millrock Resources Inc. (TSX VENTURE:MRO) ("Millrock" or the "Company") announced today that the financing announced on June 29, 2010 has closed for gross proceeds of $131,250. Millrock has issued 375,000 units to Altius Minerals Corp., with each unit consisting of one common share of Millrock and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share of Millrock at a price of $0.50 for a period of two years from the closing date.

The securities issued hereunder may not be traded until November 8, 2010.

Proceeds from the financing will be used for exploration work under the strategic alliance between Millrock and Altius.

About Millrock Resources Inc.

Millrock is a TSX Venture Exchange listed Company intent upon the discovery of large, 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 eight active exploration projects in Alaska, and three in Arizona. Six of the projects are the subject of joint venture agreements in which other companies are making exploration expenditures to earn an interest in Millrock's projects. Drilling is planned on at least four of the Company's projects in 2010.


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."

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