Canadian Venture Exchange Inc. Symbol YLI		Millstream Mines Ltd. 4 King St. Suite 1320 Toronto, Ontario, M5H 1B6 Tel: (416) 368-9595 Fax: (416) 368-6827
34,632,043 SHARES ISSUED
FOR IMMEDIATE RELEASE Date: Dec. 12, 2003 Dec. 11, 2003 Close: $0.135 Toronto, Ontario -- Millstream Mines Ltd. (YLI - TSX-V) wishes to announce that the previously reported (PR Sept. 15, 2003) private placement of 1.375 million units is modified to an Invitation Only Non-brokered Private Financing due to close on or before December 31^st, 2003. The revised financing will consist of up to 5,000,000 units in the capital stock of Millstream priced at $0.10. Each unit will be comprised of one flow-through voting share and one common share purchase warrant which will enable the holder to purchase additional common voting shares for a period of one (1) year at a price of $0.15. The intended use of these proceeds is for exploration on the company’s Ontario Airport Property and Potter Property. 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 Mr. Marty Martinello, B.A., V.P.	Phone: 705-474-7282 Fax: 705-474-5491
Mr. Robert Chase, B.A., CFO	Phone:416-368-9595 Fax: 416-368-6827
	Email: info@millstreammines.com Web:www.millstreammines.com
No regulatory authority or similar body approved nor disapproved the information contained herein.