Mr. Gregory Beischer reports

MILLROCK ENTERS OPTION TO PURCHASE LIBERTY BELL GOLD-COPPER PROJECT, ALASKA

Millrock Resources Inc. has entered into an agreement, under which it has been granted the option to purchase the Liberty Bell gold-copper project located near the town of Healy, Alaska. The property comprises 188 claims covering 6,150 hectares.

The Liberty Bell project is prospective for: a) replacement-style gold mineralization, b) gold-bearing quartz veins, stockworks and shears, and c) intrusion-hosted gold. The claim area is host to a small, former producing mine, the Liberty Bell mine, which was operated by Eva Creek Mining Company. As reported in a U.S. Geological Survey bulletin, production records for Eva Creek Mining for 1932 and 1933 indicate that 8,400 ounces of gold were produced from 17,500 short tons of ore (Smith, P.S., 1933, Mineral Resources of Alaska in 1930: U.S. Geological Survey bulletin 836-A, pages 1 to 83). In 1987, NERCO reported a resource estimate of approximately 150,000 ounces of gold in rock grading 0.08 ounce to 0.1 ounce of gold per ton (Freeman, L.K., Hannemann, N.L., and Flanders, R.W., 1988, Liberty Bell joint venture report of 1987 exploration, Resource Associates of Alaska report, 70 pages). Note: The resource estimate was produced prior to the institution of National Instrument 43-101 guidelines for reporting mineral resources. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and Millrock cannot presently verify the relevance or reliability of the historical estimate. Millrock is not treating the historical estimate as current mineral resources or mineral reserves. Resampling and relogging of existing drill cores and confirmatory and infill drilling from surface will be required to determine the significance of the historical resource. A qualified person has not verified the production reports or mineral resource data reported by NERCO.

The most recent exploration done on the property was completed from 2007 to 2010, by New Gold Inc.'s subsidiary, Metallica Resources Alaska Inc. Metallica carried out a comprehensive program and focused drilling efforts on the western portion of the property rather than in proximity to the old Liberty Bell mine. Further drilling is warranted in the Liberty Bell mine area, as well as several other virtually unexplored areas of the property, to test for the presence of a large gold deposit.

The presence of significant levels of copper within the Liberty Bell gold mineralization is unlike most other copper-deficient intrusive-related gold occurrences in the Tintina gold belt of interior Alaska-Yukon territory. However, recent exploration by Contango Ore Inc. at its Tetlin project near Tok, Alaska, revealed the presence of a previously unrecognized type of late Cretacous gold-copper mineralization that shares many similarities with the alteration and mineralization described at Liberty Bell. At a 0.5-gram-per-tonne-gold cut-off, current resources at Tetlin's Peak deposit include indicated resources of 5.97 million tonnes grading 3.46 grams per tonne gold, 11 grams per tonne silver and 0.25 per cent copper, as well as inferred resources of 3.85 million tonnes grading 2.07 grams per tonne gold, 14.28 grams per tonne silver and 0.23 per cent copper (see Contango Ore new release dated Jan. 23, 2014). Gold and copper at the Peak deposit are associated with elevated silver, bismuth and arsenic in a pyrrhotite-bearing distal skarn setting similar to mineralization at the Liberty Bell property. Peak deposit-style gold skarn mineralization was unknown in Alaska when the most recent exploration was conducted at Liberty Bell, opening up new possibilities to the Millrock for high-grade gold-copper skarn mineralization and/or porphyry-related gold-copper mineralization.

The Liberty Bell project is located 100 kilometres southwest of Fairbanks by air, in the Bonnifield mining district of central Alaska. Infrastructure is excellent. The Alaska railway and the paved, year-round George Parks Highway lie just 10 kilometres to the west of the property. A 230-kilovolt electrical transmission line traverses the project area. At the small village of Ferry (15 kilometres north of the town of Healy) the railway crosses the Nenana River. From the crossing, a series of gravel roads provide access for heavy equipment and fuels to the project site 13 kilometres to the east.

The option was granted by the property owner, Boot Hill Gold Inc. Millrock may purchase a 100-per-cent interest in the property (free of any royalty) by paying the annual claim rentals (approximately $32,000 (U.S.) in 2015) and performing adequate assessment work to maintain the property in good standing during the option period. Millrock may exercise the option to purchase a 100-per-cent interest by paying $600,000 (U.S.) in accordance with the schedule in the attached table (or at an accelerated schedule if it so desires.)

             PAYMENT SCHEDULE                     
            (in U.S. dollars) 

Upon signing                          $0
March 31, 2016                   $25,000
March 31, 2017                   $50,000
March 31, 2018                  $525,000
Total                           $600,000

Millrock intends to review existing data and build a comprehensive exploration plan. The company will seek joint venture partners to finance exploration and thereby earn an interest in the project.

The technical information within this document has been reviewed and approved by Gregory A. Beischer, president, chief executive officer and a director of Millrock. Mr. Beischer is a qualified person as defined in NI 43-101.

We seek Safe Harbor.