MILL CITY GOLD CORP. ("Mill City" and/or the "Company")(TSX
VENTURE:MC)(OTCBB:MCYGF)(FRANKFURT:NJ6) announced today that the Company will
not be proceeding with an agreement to purchase up to a 75% interest in the
North East Tanjung Block, an onshore oil and gas concession located in
Indonesia. The vendor of the Indonesian project has been unable to raise the
required funds to complete the reverse takeover. The details of the acquisition
were previously outlined in the Company's news release dated February 13, 2014.


Mill City management has determined it is in the best interest of the Company
and its shareholders to focus on the mining sector. Jim Brown, Mill City
President, comments, "We are very encouraged by the quality of precious metals
projects that are available to us at a small fraction of the capital previously
invested in their development by other companies. Therefore, we are taking the
steps necessary to acquire and finance one or more of these opportunities for
our stakeholders."


Although management continues to investigate several such opportunities, no
definitive negotiations or agreements have yet to occur. 


About Mill City Gold Corp.

Mill City Gold Corp. is a TSX Venture Exchange listed exploration company that
is focused on identifying and acquiring advanced precious metals projects in the
most favorable jurisdictions around the world. For further information please
visit the Company's website at www.millcitygold.com.


ON BEHALF OF THE BOARD OF DIRECTORS

James R. Brown, Chairman, President & CEO

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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mill City Gold Corp.
James R. Brown
Chairman, President & CEO
403-640-0110
www.millcitygold.com
Jervois Mining (TSXV:MC)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Jervois Mining Charts.
Jervois Mining (TSXV:MC)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Jervois Mining Charts.