Millrock Announces Cancelation of Agreement ON Lithium Brine Project, New
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: 18-18
MILLROCK ANNOUNCES CANCELATION OF
AGREEMENT ON LITHIUM BRINE PROJECT, NEW
MEXICO, USA
VANCOUVER, BRITISH COLUMBIA, September 14th, 2018 - Millrock Resources Inc. (TSX-V:
MRO, OTCQX: MLRKF) ("Millrock") announces that the purchase and sale agreement
concerning the company’s Lordsburgh lithium project has been canceled. The transaction was
described in the Company’s prior press release dated June 21, 2018. The agreement with
Nevada-registered Xinda International Corp (OTC: XNDA, “Xinda”) required that Xinda make a
cash payment to Millrock and maintain the claims in good standing. Xinda was unable to raise
needed financing and the agreement was therefore canceled. Millrock has retained the claims.
The Lordsburg lithium brine project is located in southern New Mexico and consists of 54
federal mining claims covering 1,080 acres surrounded by a large Area of Interest (“AOI”), which
measures in excess of 2,200 square miles. The objective of the exploration project is to discover
large volumes of lithium-bearing brine from which lithium metal can be economically extracted.
The project covers a large, closed, sedimentary basin that is of adequate catchment area for the
accumulation and recharge of lithium-bearing brines. The basin is surrounded by young, lithium-
bearing volcanic rocks from which lithium may have been leached over time and migrated to
depositional sites within the basin as brine. The claims are situated over a central playa or salar,
and cover the deepest portions of the sedimentary basin, where brine would be most likely to
accumulate. As evidenced by local, active hot springs, there is a high regional heat flow to drive
fluid movement. Structures, interpreted from geophysical surveys, provide fluid pathways and
potentially form boundaries that create brine pool traps. The arid climate of southern New
Mexico allows for brine formation, and geological age relationships demonstrate that sufficient
accumulation time was available in this long-lived basin to develop sustainable brines. This is an
early-stage conceptual target. No prior exploration is known to have occurred for lithium at this
location.
Qualified Person
The scientific and technical information disclosed within this document has been prepared,
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,
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 Announces Cancelation of
Agreement on Lithuim Brine Project
Page 2
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
the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and
Riverside. Millrock is a major shareholder of junior explorers PolarX Mining Limited, Sojourn
Exploration Inc., and Xinda International Corp.
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.