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

Press Release

Corporate Presentation

Figure 1.  Location of El Picacho Project within the Caborca Orogenic Gold Belt

Millrock President and CEO Gregory Beischer commented: “El Picacho has great exploration potential for large-tonnage, bulk minable gold deposits, and higher-grade, vein-hosted deposits. We had previously dropped our option on the project, but it was readily reinstated. In turn, we are very pleased to assign our rights to Tocvan in exchange for royalty interests that may begin cash flowing in a relatively short time period. Further, in the event that Tocvan does not complete the underlying option with the concession owners, the option rights will be returned to Millrock.”

Melanee Henderson
, Investor Relations
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