Millrock Completes Transaction with Sojourn Exploration Concerning Three Projects IN the Golden Triangle District, British Columbia
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: 18-17
MILLROCK COMPLETES TRANSACTION WITH SOJOURN
EXPLORATION CONCERNING THREE PROJECTS IN THE
GOLDEN TRIANGLE DISTRICT, BRITISH COLUMBIA
VANCOUVER, BRITISH COLUMBIA, September 14, 2018 - Millrock Resources Inc. (TSX-V:
MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that the TSX Venture Exchange has
given final acceptance of the previously announced transaction with Sojourn Exploration Inc.
(“Sojourn”, TSX-V: SOJ) concerning Millrock’s exploration projects in the Golden Triangle
District of British Columbia: Oweegee Dome, Willoughby and Todd Creek.
Under the purchase agreement, existing option agreements with Sojourn on Millrock’s Oweegee
Dome and Willoughby projects have been terminated. Through a private placement transaction
Sojourn has raised $2.8 million. Millrock now owns 9,623,417 Sojourn shares, representing a
16.1% interest in the company. The shares will be held for a minimum of twelve months under a
voluntary pooling agreement. Millrock will retain a royalty on the properties and receive
reimbursement of $250,000 from Sojourn for exploration costs incurred in 2017.
As part of the transaction, Sojourn also purchased four other British Columbia projects from a
private company, Seven Devils Exploration Ltd. (“SDE”), for shares. As announced by Sojourn,
the SDE team will take over executive and technical management of Sojourn.
Millrock President & CEO Gregory Beischer commented: “Sojourn will have a new management
team that has outstanding depth in British Columbia metallogeny. We anticipate the newly
constituted company will have great success following the Project Generator business model
and make great discoveries that will, in turn, benefit Millrock shareholders.”
The SDE properties give Sojourn, and therefore Millrock, exposure to three of British Columbia’s
most productive belts for porphyry copper-gold exploration: the Toodoggone District (Oxide
Peak project), the northern Quesnel Trough (Eagle project), and the Late Cretaceous Bulkley
intrusions of the Skeena Arch (Rip project), as well as a newly discovered Miocene porphyry
belt in Northern Vancouver Island (Teeta Creek project). Along with the Golden Triangle
projects that Millrock has contributed, Sojourn will have a strong property portfolio with which to
begin its Project Generator mineral exploration business.
Gregory A. Beischer, President, CEO and a director of Millrock Resources, is also a director of
Sojourn.
Qualified Person
The scientific and technical information disclosed within this document has been prepared,
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 Reports Closing of Transaction,
Golden Triangle Projects, BC
Page 2
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
the mining industry: Centerra Gold, Kinross, First Quantum, Teck, Vale, Inmet, Altius, and
Riverside. Millrock is a major shareholder of junior explorers PolarX Limited and Sojourn
Exploration Inc.
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.