Millrock Expands Board of Directors
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/13/11 -- Millrock Resources Inc. (TSX VENTURE: MRO) ('Millrock' or the 'Company') announced today that three new members were elected at the Annual General Meeting of Shareholders held in Vancouver on June 9, 2010. The board now consists of seven members. Newly elected are Lawrence J. Cooper of Anchorage, Alaska, Mr. Peter Chilibeck of Colborne, Ontario and Mr. David Volkert of Vancouver, British Columbia.
Gregory A. Beischer, President & CEO of the Company and a member of the board commented, 'The addition of these board members, which include a senior finance executive, a senior attorney, and a highly accomplished geologist provide much greater depth to an already strong board of directors. This group has the ability to guide Millrock to the next level of its corporate development.'
Lawrence (Larry) J. Cooper is a finance executive with deep experience in commercial banking and corporate finance and also serves as Millrock's Chief Financial Officer. He spent 27 years with National Bank of Alaska and Wells Fargo Bank, N.A., where he was Senior Vice President and Manager of the Commercial Banking group. Also, Mr. Cooper held the CFO position of Ukpeagvik Inupiat Corporation, an Alaska Native Corporation, for several years. Mr. Cooper is a graduate of University of Washington's Pacific Coast Banking School and College of Financial Planning.
Peter Chilibeck, LL.B. graduated from Queen's University Law School (Kingston, Ontario) in 1983 and was called to the Ontario Bar in 1985. He practiced law with Goodmans LLP in Toronto, and subsequently served as Legal Counsel & Assistant Secretary of Falconbridge Limited, as Assistant General Counsel & Corporate Secretary of Northern Telecom Limited, and Senior Vice President & General Counsel of IMAX Corporation. Since 1999, he has been Managing Director and Senior Vice President & General Counsel of Llewellin Capital, Inc.
David Volkert, B.Sc. is a highly successful exploration geologist. He holds a Geological Engineering degree from the Colorado School of Mines. Mr. Volkert has held various senior positions, including Exploration Manager and Chief Geologist for Barrick Gold Corporation where he was instrumental in the discovery of the Laguna Norte gold deposit and the acquisition of the Pierina gold deposit in Peru. As Vice President, Exploration for Bear Creek Mining Corp. he spearheaded the discovery of the Corani and Santa Ana silver-lead-zinc deposits in Peru. He is currently the President & CEO of Vancouver based mining company Paget Minerals Corp.
About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million in 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.
ON BEHALF OF THE BOARD
Gregory Beischer, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Millrock Resources Inc.
Gregory A. Beischer
(604) 638-3164
(604) 688-9620 (FAX)
www.millrockresources.com