Millrock Completes Sale of Certain Mexico Assets
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: 19-12
MILLROCK COMPLETES SALE OF CERTAIN MEXICO
ASSETS
Key Highlights:
• Millrock has sold five projects, a geological database, and exploration equipment to
Riverside Resources.
• Consideration paid consists of cash, Riverside shares, and grant of royalties.
• Millrock’s Mexico exploration activities in Mexico now to be focused on El Batamote
copper porphyry project.
VANCOUVER, BRITISH COLUMBIA, September 12, 2019 - Millrock Resources Inc. (TSX-V:
MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) reports that it has entered definitive
agreements to sell the La Union, Los Cuarentas, El Pima, El Valle, and Llano del Nogal claim
blocks to Riverside Resources Inc. (“Riverside”). Millrock has also transferred the option it holds
on the Santa Rosalia concession which forms part of the Los Cuarentas project. Additionally,
Millrock has also sold a copy of its exploration database, and various exploration equipment and
vehicles to Riverside.
Consideration paid to Millrock is $35,000 cash and 300,000 Riverside shares. Additionally,
Riverside will grant a 0.5% Net Smelter Returns (“NSR”) royalty on the El Pima and El Valle
claims, and in the event that Riverside exercises the option on Santa Rosalia, it will grant a
0.5% NSR royalty on that claim to Millrock.
The agreement is subject to approval by the TSX Venture Exchange. The Riverside shares
issued to Millrock will have a four-month hold period.
Millrock has retained two projects in Mexico. The first, El Batamote, targets porphyry copper
deposits and is situated in a prime belt which also contains two exceptionally large copper
deposits, La Caridad and Cananea. The second project, Guadalcazar, is an oxidized, precious
metal-bearing polymetallic skarn deposit located in central Mexico.
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.
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 Completes Sale of Mexico Assets
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 and is a significant
shareholder of junior explorer ArcWest Exploration Inc. 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,
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 (within the meaning
of Canadian securities legislation) including, without limitation, management’s expectation of
executing a definitive agreement for the sale of certain assets in Mexico to Riverside and future
exploration of the claims sold. 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, Millrock’s ability to raise funds needed to perform additional exploration on the
claims staked and customary risks of the resource industry.