Exploration Update on Fairbanks Gold District Projects

VANCOUVER - Millrock Resources Inc. reported on Fairbanks Gold District exploration being carried out by Felix Gold Limited. Millrock owns 9,957,157 shares of Felix Gold and holds royalties ranging from 1.0% to 2.0% Net Smelter Returns (NSR) on all claims currently held by Felix in the Fairbanks District. The claims cover close to 400 square kilometers of prospective lands.

Felix Gold indicates that the drilling results show bulk tonnage gold mineralization distributed over an area measuring 400 m by 750 m at the NW Array Southern Zone. The mineralization is open to depth and to the north, south, and east. The Treasure Creek prospect is road accessible.

Felix Gold has also reported the following significant, near-surface gold intercepts from drilling done on the Eastgate – Scrafford prospect on the Treasure Creek gold project over the past month. The results expand near-surface, high-grade gold mineralization over an approximate one-kilometer strike length.

The Eastgate – Scrafford prospect is located approximately three kilometers southeast of the NW Array Southern Zone. Assays are pending for a further 50 reverse circulation drill holes completed in the Phase 1 program at Treasure Creek. Assay results from a further 40 holes drilled on prospects on various other claim blocks in the Northeast Fairbanks area are also pending.

Felix Gold and Millrock have now ended the Strategic Alliance relationship between the companies. Each party is free to use the information generated during the alliance period for their own purposes. As a result of the strategic alliance, Millrock owns royalties on all of the claims that have so far been sold to Felix or subsequently acquired by Felix through staking or third-party agreement in the Fairbanks district. The royalties feature advanced minimum royalty payments. The royalties range from 1.0% NSR to 2.0% NSR and cover 41,800 hectares of prospective lands in the Fairbanks Gold District. Millrock also owns 9,957,157 shares of Felix Gold valued today at approximately AUD$1,195,000.