Mr. Gregory Beischer reports

MILLROCK CLOSES TRANCHE 2 OF PRIVATE PLACEMENT

The non-brokered private placement announced on Dec. 7, 2018, has been oversubscribed, and Millrock Resources Inc. has raised a total of $1,044,500. A total of 3,445,000 units at a price of 10 cents per unit have been issued in tranche two for gross proceeds of $344,500. Each unit consists of one common share of Millrock and one share purchase warrant. Each unit warrant entitles the holder to purchase one additional common share at an escalating exercise price over a period of three years from the closing date as follows:

• During the first year from the closing date, the unit warrants are exercisable at 14 cents per share;
• Thereafter, during the second year from the closing date, 17 cents per share;
• Thereafter, during the third year from the closing date, 20 cents per share.

Finders' fees of $600 and 6,000 finders' warrants are payable to Sprott Private Wealth LP in connection with this portion of the financing.

The common shares issued under this financing and any common shares issued pursuant to the exercise of unit warrants or finders' warrants are subject to a hold period and may not be traded until April 15, 2019.

This financing is subject to receipt of TSX Venture Exchange acceptance.

Proceeds from the financing will be used for project generation and general corporate purposes. The financing is subject to final approval from the TSX Venture Exchange.

About Millrock Resources Inc.

Millrock Resources 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, the southwest United States and Sonora state, Mexico. Financing for drilling at Millrock's exploration projects is primarily provided by its joint venture partners.

We seek Safe Harbor.