Millrock Provides Exploration Update ON Partner-Funded Alaska GOLD Projects

MILLROCK RESOURCES INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8

Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com

NR: 22-14

MILLROCK PROVIDES EXPLORATION UPDATE ON

PARTNER-FUNDED ALASKA GOLD PROJECTS

VANCOUVER, BRITISH COLUMBIA, September 14, 2022 – Millrock Resources Inc. (TSX-V:

MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) is pleased to provide an update on gold

projects in Alaska.

Fairbanks District – Treasure Creek Gold Project

Felix Gold (ASX: FXG, “Felix Gold” or “Felix”) has recently reported that it has completed the

planned exploration program at the Treasure Creek gold project in the Fairbanks Mining District.

The company has completed 12,424 meters of reverse circulation drilling in 131 holes to test the

NW Array and Eastgate prospect areas. Reconnaissance lines were also drilled to test

geophysical and geochemical targets in other areas of the property. An initial highlight result of

89.0 meters grading 1.2 grams per tonne gold was previously reported at the Northwest Array

prospect and a diamond core rig is now being used to do further testing. Assay results for only

nine of the 131 holes have been reported. Thousands of assay results are to follow throughout

the fall of 2022. Felix Gold has also completed a VTEM airborne geophysical survey at Treasure

Creek to complement a previously flow magnetic survey. Further details can be found in Felix

Gold’s September 13, 2022 press release.

By virtue of its sale of Fairbanks District claims and a strategic alliance with Felix Gold, Millrock

owns 9,957,157 shares of Felix Gold and holds royalties ranging from 1.0% to 2.0% NSR on all

claims currently held by Felix Gold in the Fairbanks District.

Millrock President & CEO Gregory Beischer commented: “Felix Gold executed an excellent

drilling program this year and we look forward to seeing the results. We think the potential of the

Fairbanks District has not been fully recognized, but that it soon will be.”

Goodpaster District, 64North Gold Project

Resolution Minerals Limited (ASX: RML) (“Resolution”) has recently reported that it has

completed a diamond drilling program to test the Tourmaline Ridge prospect, located to the

immediate west of the Pogo Mine, where owner Northern Star Resources Ltd. operates a

successful gold mining operation southeast of the City of Fairbanks.

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 Exploration Progress

Partner-Funded Gold Exploration, Alaska

Page 2

Tourmaline Ridge was identified as a priority target for drilling in 2022. Gold and pathfinder

elements were detected in soil samples over a 1,850 by 750-meter area. Resolution executed

an efficient drill test. Five diamond core holes totaling 2,324 meters were drilled to intersect

shallow northwest dipping structures interpreted from geophysics as possible extensions of the

Pogo Mine structures. Hole 22TR001 intersected altered rocks with indications of multiple

hydrothermal fluid flow events. Mineralization included veinlets of quartz with arsenopyrite,

pyrite, and pyrrhotite. Hole 22TR003 intersected quartz veins containing bismuthinite and pyrite.

Resolution reported the first batch of assay results from select zones in holes 22TR001 and

22TR003 with low-level, elevated gold values commonly in the 0.04 to 0.2 grams per tonne gold

range. Resolution anticipates receipt of the remaining assay results (86% of the total samples

submitted) in November 2022. Further details can be gleaned from Resolution’s September 5,

2022 press release.

Resolution is currently sole funding exploration to earn up to an 80% interest in a portion of the

64North project. By virtue of the earn-in agreement, Millrock owns 23,100,000 shares of

Resolution. To date, Resolution has earned a 42% interest in the project.

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,

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

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 Exploration Progress

Partner-Funded Gold Exploration, Alaska

Page 3

FOR FURTHER INFORMATION, PLEASE CONTACT:

Melanee Henderson, Investor Relations

Toll-Free: 877-217-8978 | Local: 604-638-3164

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Some statements in this news release may contain forward-looking information (within the

meaning of Canadian securities legislation) including without limitation receipt of further drill

results and earning of greater ownership in 64North. 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.