MRO Millrock Resources Inc

Millrock Resources Inc. (TSX VENTURE:MRO) ("Millrock" or "the Company")
announces that it has entered into a Binding Letter Agreement with First Quantum
Minerals Ltd. ("FQM") whereby the Company has granted an exclusive right to
enter into an Option to Joint Venture Agreement concerning the Alaska Peninsula
Project, located in southwest Alaska. In consideration of the exclusive right
grant, FQM will fund an initial exploration program estimated to cost
US$600,000. The program is planned to consist of regional geochemical sampling,
geological mapping, prospecting and airborne magnetic surveys, which are to be
carried out in summer of 2014 by Millrock. FQM may also elect to increase the
expenditure to fund drilling of several holes. Subject to exercise of the
exclusive right by November 30, 2014, FQM will have an option to earn up to an
80% joint venture interest in the property through a two-stage option agreement.



Gregory Beischer, President & CEO of Millrock, stated, "We are pleased to be
able to advance this project with a new major mining company partnership. Our
staff looks forward to performing systematic exploration and making great
discoveries on these lands. It is important to understand the scale of this
project. The land package exceeds 200,000 hectares. This is the sort of
district-scale exploration project at which Millrock excels." 


The Alaska Peninsula project is comprised of mineral lands owned by Bristol Bay
Native Corporation. Millrock has previously made an Exploration Agreement with
Option to Lease through which it can secure a 100% leasehold interest for mining
(click here to view press release). The agreement covers a tract of land that
covers three known porphyry copper-gold occurrences on the Alaska Peninsula. The
village of Chignik is located roughly central to the land package which is more
than 120 km long and up to 60 km wide and covers an area of approximately
650,000 ha. The known porphyry occurrences are named Kawisgag, Mallard Duck Bay
and Bee Creek which are located near deep tidewater coastlines. 


At the Kawisgag prospect, targets are immediately ready to drill. There are two
main centers of mineralization and alteration which locally contain disseminated
and vein-hosted chalcopyrite, molybdenite and pyrite at surface.


The Mallard Duck Bay prospect is a zone of hydrothermal alteration covering an
area greater than fifteen square km. The zone has seen very limited exploration,
but mineralization appears to be associated with a diorite stock. A strong
chargeability anomaly coincident with exposed mineralization in a potassic
alteration zone was identified by prior workers, but never drilled.


Mineralization at the Bee Creek prospect is hosted in hornfelsed sediments
intruded by a multiphase diorite intrusive rock containing mineralized veins and
disseminated chalcopyrite, molybdenite and pyrite. A broad, central, potassic
alteration zone bordered by a discontinuous halo of phyllic alteration is
exposed at surface. The prospect was initially explored by Bear Creek Mining
with five drill holes in 1976. In 2005 and 2006, Metallica Resources Inc. and
Full Metal Minerals Ltd. carried out geochemical and geophysical surveys, and
drilled two holes. One of the holes intersected 118 m averaging 0.31% Cu, 0.009%
Mo and 0.126 ppm Au with 20 m of 0.66% Cu and 0.255 ppm Au (see Full Metal
Minerals news release dated October, 23, 2006 entitled "Full Metal and Metallica
Encounter Copper Mineralization at Bee Creek" under their SEDAR profile, at
www.SEDAR.com). Mineralization, alteration and anomalous copper values in soils
and rocks extend over a broad area at the Bee Creek prospect indicating the
potential for a significant porphyry Cu-Mo-Au deposit near surface. A qualified
person has not fully verified the data disclosed in this paragraph for Millrock.



In addition to these three known prospects, the region is prospective for
porphyry copper-gold-molybdenum systems and other intrusive-related deposits
such as polymetallic skarn and replacement deposits, base metal veins and
epithermal gold deposits. However, very little exploration has been done. A more
detailed description of the lands with maps can be viewed at the following link:
http://www.millrockresources.com/projects/alaska_peninsula/


The technical information within this document has been reviewed and approved by
Gregory A. Beischer, President & CEO of Millrock. Mr. Beischer is a Qualified
Person as defined in NI 43-101.


About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry.
In the search for world-class metallic mineral deposits in mineral-rich Alaska
and southwest USA, Millrock identifies, packages and operates large-scale
projects for joint venture, thereby exposing its shareholders to the benefits of
mineral discovery without the usual financial risk taken on by most exploration
companies. Millrock currently has nine active exploration projects, seven
gold-copper properties in Alaska, and two porphyry copper prospects in Arizona.
Funding for Millrock's exploration projects primarily comes from its joint
venture partners. Business partners of Millrock include some of the leading
names in the mining industry: Teck, First Quantum and Altius.


ON BEHALF OF THE BOARD

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information
including the statement that an initial exploration program will be carried out
on the Alaska Peninsula project in 2014. These statements address future events
and conditions and, as such, involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements to
be materially different from any future results, performance or achievements
expressed or implied by the statements. Such factors include without limitation
the completion of planned expenditures, the ability to complete exploration
programs on schedule and the success of exploration programs. It is not known
whether First Quantum will exercise its exclusive right or fund the initial
exploration program. 


"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."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Millrock Resources Inc.
Gregory A. Beischer
(604) 638-3164 or (877) 217-8978 toll free
(907) 677-3599 (FAX)
www.millrockresources.com

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