MLM Millstream Mines Ltd. (delisted)

Millstream Mines Ltd. (TSX VENTURE:MLM)(FRANKFURT:NJD) wishes to announce that
it is offering up to 3,000,000 flow-through common voting shares for maximum
gross proceeds of $150,000 by way of a non-brokered private placement issuance.
As well, the company expects to complete an offering of 1,250,000 common voting
shares for gross proceeds of $50,000. These above share issuances are both
subject to a four (4) month hold period from their respective dates of closing.
The company may pay a finder's fee of up to 10% cash or its equivalent in stock.



The intended use of these proceeds is for exploration and development of its
Potter Mine Property and for general working capital purposes. Specifically, the
company will continue its investigative efforts on the Potter to determine and
obtain an improved and more complete understanding of its potential by utilizing
a geophysical Helicopter-Borne ZTEM TIPPER AFMAG survey over the entire
property. 


The company's management and consultants are of the opinion that on the Potter
Property there is a likelihood of identifying additional ore zone targets
outside of the present known resources. Furthermore, there is good probability
of locating an offset/duplication of the existing defined ore zones and an
increase in their present dimensions by way of uncovering their upward, downward
and lateral continuity. In addition, there is interest in the large ovoid
surface depression to the south and the northern limb of the syncline (the mine
area being on the southern limb), as both present very favourable targets for
future drilling prospects. 


The above private placement is subject to TSX Venture Exchange approval.  

Potter Property NI 43-101 Resource Outline 



--------------------------------------------------------------------------
Indicated Resource                                                        
--------------------------------------------------------------------------
                        Copper     Zinc      Cobalt      Silver       Gold
             Tonnes        (%)      (%)       (ppm)       (ppm)      (ppb)
--------------------------------------------------------------------------
          3,028,767       1.45     1.19       389.7        11.1      127.5
--------------------------------------------------------------------------
                                                                          
Inferred Resource                                                         
--------------------------------------------------------------------------
          2,071,101       1.08     1.05       301.4         8.7       81.7
--------------------------------------------------------------------------



The Potter Mine Property is a past producing mine and host to copper-zinc-cobalt
"stacked" mineralized zones.  It is located in the Abitibi Greenstone Belt, and
more specifically in the Kidd-Munro Assemblage which are highly prolific in
gold, silver, and base metal mineralization. The property may be is accessed by
a mining road off of highway 101, near the town of Matheson in north eastern
Ontario and a 390 meter deep shaft resides on the property. 


About Millstream Mines Ltd.: 

Millstream Mines Ltd. is a Canadian-based mineral exploration company whose
principle objective is to enhance and develop known mineral properties to
production potential. The Company has projects in the Province of Ontario,
Canada and in the State of Montana, USA. The Potter Mine Property found in
Ontario is outlined above. The Tamarack Gold Property, a former high grade gold
producer in the Tobacco Root Mountains of south western Montana, is in an
advanced stage of underground exploration and development operating under the
Small Mines Exclusion Act of the State of Montana. Exploration properties in the
companies portfolio also include the Uncle Sam gold project property in Montana
and the Airport property (Sudbury basin precious metals project) in Ontario.  


Further information about these properties and the company is available on our
website:  www.millstreammines.com.

Millstream Mines Ltd. (TSXV:MLM)
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