Millrock Resources Inc. announced that it has executed an Option to Joint Venture Agreement concerning the 64North gold project located in the Goodpaster Gold District in east-central Alaska. This announcement follows on from an October 17, 2019 news release which contemplated an agreement concerning the Goodpaster project with Australian Stock Exchange-listed Northern Cobalt Limited. During the recently completed due diligence period, Northern Cobalt changed its name to Resolution Minerals Ltd. and the project was renamed 64North. During the option period Resolution can earn up to 60% of the project by sole funding exploration and making the share and cash payments set out in the table above. While Resolution will be the Manager throughout the sole funding period of the project, Millrock’s Alaska subsidiary, Millrock Exploration Corp. (“MEC”), will act as the Operator in Year 1 with an operator fee of 8% of exploration expenditures. MEC may be re-appointed as exploration operator each year at Resolution’s discretion. If MEC ceases to become Operator the annual cash fee payable to Millrock will double. If Resolution fails to reach the minimum expenditure and payments to achieve the Year 1 earn-in of 30% interest, no encumbrances will be recorded over the project by Resolution. Resolution may elect to form a joint venture at the completion of any stage and co-funding conditions will commence. Non-contributing parties will be diluted according to an industry standard formula. If any party is diluted to less than a 10% equity ownership interest their interest will revert to a 1.0% Net Smelter Returns royalty. Right to Earn up to 80% on One Block: The project is subdivided into nine blocks of ground as shown on Figure 1. If Resolution completes a 60% earn-in, a joint venture will be formed over the entire project. Grace Period; six months: During the sole funding earn-in period, Resolution has the right to trigger a single “grace period”, allowing for a six-month extension to meet their required minimum expenditure for a particular earn-in stage. Joint Venture (JV) co-funded period: Once a JV is formed, both parties are required to fund according to their percentage interest. A party may voluntarily elect to dilute using a standard industry formula using a 2X weighting on new funding. A penalty dilution of 3X will be imposed on a defaulting party in certain circumstances. Management is by committee with voting according to percentage interest. The party with the largest interest will hold the right to be the Manager, in line with standard industry conditions. Area of Interest (“AOI”): The AOI is depicted in Figure 1. Under terms of the agreement all new properties acquired by Resolution in the “AOI” shall be included in the terms of this agreement. Resolution has agreed to fund at least $2,000,000 of exploration expenditures outside of the West Pogo block during the first two years of the option. After this period, any block not funded will revert to Millrock. Qualified Person: The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a qualified person as defined in NI 43-101.