Millrock Resources Inc.: Tranche Two of Non-Brokered Private Placement Closed

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

Mon Oct 5, 2009 2:14pm EDT

  VANCOUVER, BRITISH COLUMBIA, Oct 05 (MARKET WIRE) -- 
Millrock Resources Inc. (TSX VENTURE: MRO) announces that it has closed
the second tranche of a non-brokered private placement announced August
31, 2009 for gross proceeds of $317,500.

    Millrock issued 1,587,500 units at $0.20 per unit. Each unit is comprised
of one common share and one-half of one share purchase warrant with each
whole warrant exercisable into one additional common share at a price of
$0.30 until April 5, 2011.

    Finders' fees of 8% were paid on a portion of the financing as follows:
$25,400 cash and 127,000 finders' warrants were issued. Each finder
warrant is exercisable into one common share at a price of $0.30 until
April 5, 2011.

    The warrants and the finders' warrants include a provision for an
accelerated expiry date in the event that the closing price of the shares
on the Exchange exceeds $0.40 for 10 consecutive trading days.

    All of the securities issued hereunder are subject to a four month hold
period and may not be traded until February 6, 2010.

    About Millrock Resources Inc.

    Millrock is TSX Venture Exchange listed company intent upon the discovery
of high value mineral deposits, with a focus on Alaska gold deposits and
Arizona copper-gold porphyries. The Company follows a project generator -
joint venture business model that capitalizes on Millrock's knowledge and
ability in two outstanding mining jurisdictions. This model shares risk
by partnering with other companies that invest capital to move
exploration projects toward development and production. Millrock
currently has four active exploration projects in Alaska, and three in
Arizona.

    ON BEHALF OF THE BOARD

    Gregory Beischer, President & CEO


 
 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.

Contacts:
Millrock Resources Inc.
Gregory A. Beischer
(604) 638-3164
(604) 688-9620 (FAX)
www.millrockresources.com

Copyright 2009, Market Wire, All rights reserved.

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