Millrock and Sojourn Close Transaction ON TWO Golden Triangle Projects, British Columbia, Canada
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
NR: 17-17
MILLROCK AND SOJOURN CLOSE TRANSACTION ON TWO
GOLDEN TRIANGLE PROJECTS, BRITISH COLUMBIA,
CANADA
VANCOUVER, BRITISH COLUMBIA, August 24, 2017 - Millrock Resources Inc. (TSX-V: MRO,
OTCQX: MLRKF) ("Millrock") is pleased to announce that the transaction previously announced
here on June 14, 2017, has closed. Under two separate agreements, Millrock has granted an
option to purchase a 100% interest (subject to a royalty provision) in the Willoughby and Oweegee
Dome projects to Sojourn Exploration Inc., (TSX-V: SOJ) ("Sojourn"), previously Sojourn Ventures
Inc. The two projects are located in the Golden Triangle mining district, northeast of the Town of
Stewart, British Columbia, Canada.
Under the terms of the agreements, Sojourn must make share issuances and incur exploration
expenditures over three years in order to exercise the options and take ownership of the
properties from Millrock. Millrock has already received the first payment of 1,800,000 Sojourn
shares. The transaction also required that Sojourn complete an equity financing of at least $1.0
million. As announced by Sojourn today, the oversubscribed equity financing has been completed
and the TSX Venture Exchange has accepted all components of the transaction. Millrock now
owns 12.6% of the issued and outstanding Sojourn shares.
Attributes of the Willoughby high-grade gold – silver project are described by Millrock in a press
release found here. Exploration progress made by Millrock on the Oweegee Dome porphyry
copper-gold project is described in this press release. Summary descriptions of all Millrock’s
Golden Triangle district projects can be found at this link. Millrock will be the exploration operator
for the 2017 program that is presently being initiated.
The technical information within this document has been reviewed and approved by Gregory A.
Beischer, President, CEO and a director of Millrock Resources. 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. 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 active in Alaska, British Columbia, the southwest USA and Sonora
State, Mexico. 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
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Millrock and Sojourn Close Transaction on
Two Golden Triangle Projects
Page 2
the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and
Riverside.
ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)
Some statements in this news release contain forward-looking information. 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.
"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."