Millstream Mines Ltd. has closed effective August 24, 2000 a private placement financing to an arm’s length placee for an aggregate amount of $150,000. The offering consisted of 750,000 units in the capital stock of Millstream at a price of $0.20 per unit. Each unit is comprised of one (1) common voting share and one (1) common share purchase warrant, each full share purchase warrant being exercisable for twenty four (24) months at a price of $0.40 per share. The intended use of these proceeds is for working capital purposes.

Millstream, further wishes to announce and remind the interested public of its web site location, WWW.MILLSTREAMMINES.COM .

The principle objective of Millstream Mines Ltd. is to enhance and develop known mineral properties to production potential.

For further information contact:

Mr. Ernest Harrison, EM, CEO Phone: 705-474-7282
Mr. Marty Martinello, B.A., V.P. Fax: 705-474-5491

or

Mr. Peter H. Brodie Brown Phone: 416-368-9595
Mr. Robert Chase, B.A. Fax: 416-368-0584

Email: mlsm@passport.ca