MRO Millrock Resources Inc

NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.


Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) is pleased to
announce that it has contributed an additional $9,000,000 (the "Contribution")
to Killick Limited Partnership ("Killick"). In exchange for the Contribution,
Alaris will receive an additional $1,333,333 of annual preferred distributions
(the "Distribution") for the first full year after the Contribution. Alaris has
now contributed an aggregate of $36,500,000 to Killick and will now receive a
total of $5,771,000 of preferred distributions from Killick on an annualized
basis. The Contribution was funded with funds drawn on the Corporation's credit
facility. Killick will use the proceeds from Alaris to partially fund an
acquisition in the industry it operates in.


About Killick

Killick Limited Partnership is a world class leader in the global aircraft
maintenance, repair and overhaul ("MRO") industry. Through its three wholly
owned subsidiaries, (Prime Turbines; www.primeturbines.com, CT Aerospace;
www.ctaerospace.com, and Kansas Aviation; www.kansasaviation.com) Killick offers
MRO services to owners of small aircraft operating turboprop engines, as well as
inventory management services to MRO shops which service commercial aircraft jet
engines. Killick LP also does business as Killick Aerospace. Killick Aerospace
is a global leader in the commercial aviation industry, Killick Aerospace
specializes in large jet aircraft engines, engine parts and airframe components.
Killick Aerospace also provides innovative asset management and advisory
services to its clients. Based in Carrollton, Texas, USA, Killick LP has
operations in Hyannis, MS; Pittsburgh, PA; Independence, Kansas; Europe; Dublin
and Singapore. The Partnership is a Canadian partnership with all amounts for
the contribution and preferred distribution denominated in Canadian dollars.


About Alaris:

The Corporation provides alternative financing to a diversified group of private
businesses ("Private Company Partners") in exchange for royalties or
distributions from the Private Company Partners, with the principal objective of
generating stable and predictable cash flows for dividend payments to its
shareholders. Royalties or distributions to Alaris from the Private Company
Partners are structured as a percentage of a "top line" financial performance
measure such as gross margin, same clinic sales, gross revenues and same-store
sales and rank in priority to the owners' common equity position.


Forward-Looking Statements

This news release contains forward-looking statements as defined under
applicable securities laws. Statements other than statements of historical fact
contained in this news release may be forward-looking statements under
applicable securities legislation, including, without limitation, management's
expectations, intentions and beliefs concerning: the amount of the Killick
distributions and the return to Alaris. Many of these statements can be
identified by looking for words such as "believe", "expects", "will", "intends",
"projects", "anticipates", "estimates", "continues" or similar words or the
negative thereof. To the extent any forward-looking statements herein constitute
a financial outlook, they were approved by management as of the date hereof and
have been included to provide an understanding with respect to Alaris' financial
performance and are subject to the risks and assumptions disclosed herein. There
can be no assurance that the plans, intentions or expectations upon which these
forward-looking statements are based will occur.


Statements containing forward-looking information by their nature involve
numerous assumptions and significant known and unknown facts and uncertainties
of both a general and a specific nature. Key assumptions include, but are not
limited to assumptions that: the Private Company Partners will continue to grow
and may require additional capital from Alaris in the future; the Canadian and
U.S. economies will grow moderately over the next 12 months; interest rates will
not rise in a material nature over the next 12 months; more private companies
will require access to alternative sources of capital; and the Corporation will
obtain required regulatory approvals on a timely basis. In determining the
Corporation's expectations for economic growth, management primarily considers
historical economic data provided by the Canadian and U.S. governments and their
agencies.


The forward-looking statements contained herein are subject to numerous known
and unknown risks that may cause actual results to vary from those set forth in
the forward-looking statements, including, but not limited to risks associated
with: general economic conditions and changes in the financial markets; risks
associated with the Private Company Partners and their respective businesses; a
change in the ability of the Private Company Partners to continue to pay Alaris'
preferred distributions; failure to obtain required regulatory approvals on a
timely basis or at all; and changes in legislation on government regulations and
the interpretations thereof. In addition, the information set forth under the
heading "Risk Factors" in the Corporation's Annual Information Form dated March
14, 2012 (a complete copy of which can be found on SEDAR at www.sedar.com)
identifies additional factors that could affect the operating results and
performance of the Corporation and may cause the actual results of the
Corporation to differ materially from those anticipated in forward-looking
statements.


As forward-looking statements are subject to risks, uncertainties and
assumptions and should not be read as guarantees or assurances of future
performance. Accordingly, readers are cautioned not to place undue reliance on
any forward-looking information contained in this news release as a number of
factors could cause actual future results, conditions, actions or events to
differ materially from the targets, expectations, estimates or intentions
expressed in the forward-looking statements. Statements containing
forward-looking information reflect management's current beliefs and assumptions
based on information in its possession on the date of this news release.
Although management believes that the assumptions reflected in the
forward-looking statements contained herein are reasonable, there can be no
assurance that such expectations will prove to be correct.


The forward-looking statements contained herein are expressly qualified in their
entirety by this cautionary statement. The forward-looking statements included
in this news release are made as of the date of this news release and Alaris
does not undertake or assume any obligation to update or revise such statements
to reflect new events or circumstances except as expressly required by
applicable securities legislation. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alaris Royalty Corp.
Curtis Krawetz
Manager of Investor Relations, Analyst
403-221-7305

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