News Release

Millrock Arranges Financing with Altius to Form Strategic Alliance

VANCOUVER, BRITISH COLUMBIA, June 11, 2009 - Millrock Resources Inc. (MRO - TSX:V) (�Millrock� or the �Company�) is pleased to announce that Altius Minerals Corp. (ALS - TSX), through its wholly-owned subsidiary Altius Resources Inc. (�Altius�),  has agreed to a private placement financing with the Company to initially fund a strategic alliance for exploration of five areas in Alaska.

�Millrock is very pleased to engage in this alliance with Altius.� stated Millrock President & CEO Gregory Beischer. �We anticipate a highly productive, collaborative relationship from which several excellent new gold exploration projects are likely to flow. Timing is crucial for project generator companies. We see an imminent surge in gold price, and a strong demand for gold projects. Millrock, by virtue of this alliance, will substantially broaden its array of quality projects that will be explored with funding from third-party companies.�

This private placement will raise gross proceeds of Cdn$930,000 from the sale to Altius of 4,227,273 units at a price of Cdn$0..22 cents per unit. The total gross proceeds from this private placement will increase to approximately Cdn$994,243 by the issuance of an additional 292,014 units at a price of Cdn$0.22 cents per unit if Kinross Gold Corporation (K - TSX; KGC - NYSE) fully exercises its anti-dilution rights. The price represents a 33% premium over Millrock�s 20 day trading average. Each unit is comprised of one Millrock common share and one share purchase warrant. Each warrant will entitle the holder to purchase one Millrock common share at a price of Cdn$0.30 for the first year after the closing of the private placement and Cdn$0.40 during the second year. The placement will give Altius an approximate 11% interest in the Company and is subject to regulatory approval.

The funds from the private placement and any warrant exercises and participation in future financings by Altius will be used to fund a strategic alliance (the �SA�) in five specific Areas of Interest (each an �AI�) in Alaska. Millrock will use alliance funds to research each AI and propose an exploration plan for acceptance by Altius. Millrock will be operator of the alliance and will undertake reconnaissance exploration to generate new prospects. Altius will have the opportunity to name any projects proposed within an accepted AOI as a �Designated Project�. The costs of staking a Designated Project will be covered by SA funds and will become subject to a 1% net smelter return (�NSR�) royalty on gold and a 0.5% NSR royalty on all other metals or minerals in favour of Altius.  Designated Projects that are acquired from third parties will not be subject to a royalty and Altius and Millrock will share acquisition costs equally. At this stage, Altius may elect to establish a 50%-50% joint venture arrangement with Millrock.

Millrock reports that so long as Altius holds common shares representing at least 5% of the issued and outstanding common shares of Millrock, Altius shall be entitled (but not required) to participate in any future issuances to third parties (other than certain issuances including issuances pursuant to any stock-based compensation plan of Millrock or issuances related to the acquisition of an interest in mineral properties or other assets) of shares or any securities convertible into, exchangeable for or exercisable to acquire common shares, such that Altius will, following the completion of any such issuance, hold the same percentage of common shares as Altius held prior to such issuance.

Both Millrock and Altius, as companies committed to the project generator business model, will also use SA funds to market properties to potential joint venture partners. The goal is to attract other companies to fund exploration to earn an interest in the Designated Projects. 

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock�s knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

About Altius Minerals Corp.

Altius is focused on the mining sector through prospect generation, investments and the creation and acquisition of royalties. Altius currently has numerous active mineral exploration agreements principally in eastern Canada targeting a variety of mineral commodities. In addition, the Corporation holds investments in junior exploration and development stage companies. Altius also owns an effective 0.3% net smelter return in the producing Voisey�s Bay nickel-copper-cobalt mine located in Labrador, Canada. The Company has a strong financial position with approximately C$160 million in cash and liquid investments and no debt. It is a member of the TSX SmallCap index and currently has 28,363,195 shares outstanding.

ON BEHALF OF THE BOARD

�Gregory Beischer�

Gregory Beischer, President & CEO

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

FOR FURTHER INFORMATION PLEASE CONTACT

Patrick De Witt, Manager, Investor Relations
(604) 638-3164

Millrock Resources Inc.
750 World Trade Centre
999 Canada Place Vancouver, B.C
V6C 3E1