Millrock Announces Agreement With Tocvan Ventures for El Picacho Project, Sonora, Mexico

VANCOUVER, British Columbia, June 08, 2021 (GLOBE NEWSWIRE) — Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) (“Millrock” or the “Company”) is pleased to announce it has signed a Letter of Commitment with Tocvan Ventures Corp. (CSE: “TOC”) (“Tocvan”) in relation to the El Picacho gold project in the Caborca Orogenic Belt, Sonora State, Mexico. Under the Letter of Commitment, Millrock will reinstate a previously held Option Agreement (“Option Agreement”) with concession owners Suarez Brothers, and assign the option rights and obligations to Tocvan. In return, Tocvan will pay back taxes owing on the mineral concessions and grant Millrock certain royalty rights in an assignment agreement (“Assignment Agreement”).

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