Millrock and Resolution Announce Initial Drill Results From Hole 20AU001 and Planned Drilling Resumption, Aurora Target, West Pogo Block, 64North Gold Project, Alaska

Highlights:

• Assay results from the upper two thirds of Hole 20AU001 intersected multiple zones of gold mineralization associated with elevated arsenic and bismuth concentrations in a robust hydrothermal system.
• The upper portion of hole 20AU002 contained zones of quartz - sulfide mineralized rock. This hole was suspended in progress at 194 meters depth (planned depth 600 meters) due to travel restriction concerns of the drill contractor relating to COVID-19 virus.
• The remainder of hole 20AU001 and 20AU002 have been logged, sampled and sent to the laboratory; assays are pending.
• A drilling program continuation is planned for late May 2020.
• The drilling plan includes completion of hole 20AU002, and four or five additional drill holes totaling approximately 2,400 meters with strict COVID-19 related safety protocols in place.
• An overall US$5 million exploration program is planned for 2020. Regional targets are to be advanced to create a pipeline of drill-ready targets.

VANCOUVER, British Columbia, April 27, 2020 (GLOBE NEWSWIRE) -- Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) is pleased to provide an update on drilling at its 64North Gold project. Exploration work is being funded and managed by Resolution Minerals (“Resolution”) (ASX: RML) in a collaborative arrangement with Millrock as the project operator. The 64North Gold Project is a very large tract of claims in Alaska’s emerging Goodpaster Gold District.

The target being drilled at the Aurora prospect is adjacent and immediately west of the Pogo Mine property, which is owned and operated by Northern Star Resources Ltd. (“Northern Star”). Northern Star has previously reported a gold resource of 5.95 million ounces of gold in a series of veins grading 9.6 grams per tonne gold (Source: Northern Star website). More than four million ounces of gold has already been mined at Pogo, and Northern Star has announced a new gold discovery called the Goodpaster deposit a short distance away from the mutual claim boundary. Millrock cautions that mineralization on the nearby Northern Star property is not necessarily indicative of gold mineralization hosted on the Company’s property.