Millrock To Acquire a Mexican Exploration Company

VANCOUVER, BC - Millrock Resources Inc. has entered a binding letter agreement to purchase Pembrook Mexico Holdings Corp. (PMXH) and all of its assets, which include the shares of a wholly-owned Mexican subsidiary and its nine 100%-owned mineral properties, two mineral properties under option, an extensive geological database and various exploration equipment. The projects, primarily located in the State of Sonora, Mexico, have potential for large-scale copper-gold porphyry deposits, high-sulphidation epithermal gold deposits, high-grade vein gold deposits, and skarn and replacement-style silver-zinc-lead deposits.

Gregory A. Beischer, President & CEO said, "We are very pleased to be making this purchase and thereby acquiring eleven high-potential projects at low cost. Several of the projects should be of immediate interest to funding partners. Most importantly, the geological database and technical team associated with the acquired company gives Millrock the knowledge and operational ability to effectively compete in this jurisdiction. We will be well positioned to take advantage of many new project generation opportunities that are being created by Mexico's mining law reform. We plan to move aggressively to acquire more projects in Mexico but will still remain highly active in Alaska and the southwest US. This has been a great opportunity to increase the scope and breadth of Millrock in a mining-friendly jurisdiction."

Philip St. George, Chief Exploration Officer stated: "The Rio Sonora and Las Cuarentas Oeste projects have some great indications of buried porphyries. There could be another deposit similar in scope to the long-producing Cananea copper mine on our new claims. The potential for high-grade gold deposits at the Los Chinos and Ramard projects is also excellent."