Millrock and Alix Announce the Start of Drilling at the Divide Project, Seward Peninsula, Alaska, Complete Agreement

* Reuters is not responsible for the content in this press release.

Tue Aug 5, 2008 11:32am EDT

  VANCOUVER, BRITISH COLUMBIA, Aug 05 (MARKET WIRE) -- 
Millrock Resources Inc. (TSX VENTURE: MRO) ("Millrock", or the
"Company"), along with its partner Alix Resources Corp. ("Alix") is
pleased to announce that drilling has been initiated at the Divide
Project, north of Nome, Alaska. Additionally, the companies report that
they have executed a definitive option and joint venture agreement
following on from a Letter of Intent announced August 16, 2007.

    The Divide Property is located in the prolific Cape Nome mining district
about 45 kilometers north of Nome, Alaska. Access to the property is via
the Nome-Taylor highway which crosses the eastern boundary of the 1,424
ha claim block. The Rock Creek Mine, a lode mine currently being
commissioned by NovaGold Resources Inc., is located approximately 33
kilometers to the southwest. Gold mineralization at Rock Creek is hosted
in a similar geological setting to that at Divide.

    Total drilling of 3,300 meters in 25 reverse circulation drill holes is
planned. Maximum hole depth is approximately 130 meters. Primary targets
are located at the intersection zones of the two main structural trends
in the Stoneman, Saddle and South zones. The objective is to identify and
build a high grade gold resource on the property. Millrock, as operator
of the exploration program, has recently carried out an extensive program
of lithological and structural mapping, and excavated a series of
trenches to expose gold bearing vein systems at surface. The work has
revealed a strong east-west structurally controlled vein system that
intersects the northeast trending system which has been the focus of most
of the prior exploration efforts. Additionally, a flat lying structural
trend with strong arsenopyrite mineralization has been identified. Many
hundreds of chip samples have been collected from 23 trenches that were
excavated in June and July to expose the east - west vein systems. Assays
from the chip samples are awaited. This work follows on from three core
holes drilled by Millrock and Alix in 2007, in which strong results were
obtained. These results are:

    - 8.99 meters grading 1.5 g/t gold in hole DIV-07-03

    - 3.05 meters grading 10.0 g/t gold in hole DIV-07-04

    - 8.23 meters grading 5.8 g/t gold in hole DIV-07-05

    To further resolve the structural controls on the gold mineralization, a
large trench will be blasted. The trench work is intended to expose known
mineralization at the Stoneman prospect, where abundant visible gold has
been observed at surface. If warranted, a bulk sample will be collected.

    Millrock can earn a 50% interest in the project from Alix by paying 50%
of all costs associated with the Divide Option, which is an agreement
between Alix and the underlying property owners David Lajack et. al.
Millrock will pay a total of US$490,000 over a five year period.
Additionally Millrock will issue 500,000 shares of the Company to Alix.
Millrock is the exploration operator. These terms vary slightly from the
terms contained in the previously announced Letter of Intent. The six
month anniversary payment was voluntarily reduced by the underlying
property owner and a correction to the announced share issuance schedule
was made.

    The cash and share issuance schedule is:


                                           Cash      Shares
-----------------------------------------------------------
On acceptance by the Exchange         $   7,500      50,000

Six month anniversary                    12,500      50,000

One year anniversary                     45,000     150,000

Two year anniversary                     75,000     250,000

Three year anniversary                  125,000           -

Four year anniversary                   225,000           -

-----------------------------------------------------------
TOTAL                                 $ 490,000     500,000

-----------------------------------------------------------


    Gregory A. Beischer, President & CEO of the Company is the qualified
person who prepared or supervised the preparation of the technical
information that forms the basis of this news release.

    Millrock Resources Inc. is a TSX Venture Exchange listed company intent
upon the discovery of high value mineral deposits, with a focus on Alaska
and Arizona. Millrock currently has five active exploration projects in
Alaska, and three in Arizona.

    ON BEHALF OF THE BOARD

    Gregory Beischer, President & CEO

    Some statements in this news release contain forward-looking information,
including without limitation statements as to planned expenditures and
exploration programs. 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.


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

Contacts:
Millrock Resources Inc.
Patrick De Witt
Manager, Investor Relations
(604) 638-3164
(604) 688-9620 (FAX)
Website: www.millrockresources.com

Copyright 2008, Market Wire, All rights reserved.

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