Millrock Adds to Treasury from Royalty Sale
MILLROCK RESOURCES INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
NR: 22-11
MILLROCK ADDS TO TREASURY
FROM ROYALTY SALE
VANCOUVER, BRITISH COLUMBIA, August 29, 2022 – Millrock Resources Inc. (TSX-V:
MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) reports that it has sold a portfolio of
royalties on exploration projects in British Columbia, Canada and Sonora State, Mexico to
Osisko Gold Royalties Ltd (“Osisko”). Gross proceeds from the sale are $1.2 million.
Millrock President & CEO commented: “Prevailing market challenges make an equity financing
difficult and raising capital in this manner would be highly dilutive to shareholders. Sale of non-
core assets is the best way to bolster Millrock’s treasury for continued project generation
activities, while we wait for assay results to roll out from two major Alaska gold drilling projects
in which Millrock holds an interest.”
PROJECT NAME NSR%
Mexico Royalties
Santa Rosalia 0.5%
El Valle 0.5%
El Pima 0.5%
Violeta 0.5%
Guadalcazar 0.5%
British Columbia Royalties
Todd Creek 1.5% to 2.0%
Oweegee Dome 1.5% to 2.0%
Willoughby 1.5% to 2.0%
Table 1. Royalties sold to Osisko for $1.2 million.
The right to any proceeds stemming from the exercise of any royalty buy backs pertaining to the
British Columbia royalty properties has been assigned to Osisko. Additionally, Millrock has
granted certain rights to Osisko in relation to royalties currently held, or that may be created, by
Millrock during the next five years.
MILLROCK RESOURCES INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Millrock Reports Royalty Sale
Page 2
About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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. The company is recognized as the premier generative explorer in Alaska, holds
royalty interests in British Columbia, Canada, and Sonora State, Mexico, is a significant
shareholder of junior explorer ArcWest Exploration Inc., and owns a large shareholding in each
of Resolution Minerals Limited and Felix Gold Limited. Funding for drilling at Millrock’s
exploration projects is primarily provided by its joint venture partners. Business partners of
Millrock have included some of the leading names in the mining industry: EMX Royalty, Coeur
Explorations, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, and Altius, as well as
junior explorers Resolution, Riverside, PolarX, Felix Gold and Tocvan.
ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
Toll-Free: 877-217-8978 | Local: 604-638-3164
Twitter | Facebook | LinkedIn
Some statements in this news release may contain forward-looking information (within the
meaning of Canadian securities legislation), including but not limited to the receipt of drill results
from Alaska drilling projects. 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.