Millstream Mines Ltd. wishes to announce that as of 5:00 pm (E.S.T.) December 31, 1998, outstanding warrants to exercise the purchase of 1,606,000 common voting shares @ $ 0.53 and to exercise the purchase of 480,000 common voting shares @ $0.75 will have expired. These warrants resulted from the Flow-Through funding that closed December 31, 1997 to fund the exploration work on the company's Potter Mine Property and the Sudbury Airport Property.

 The company is presently sourcing funds for the next exploration program on the Potter Mine Property and the Sudbury Airport Property and is proposing to offer a Flow-Through unit @ $0.30, consisting of one common voting share and one half share purchase warrant exercisable for eighteen months at a price of $0.45 per share. The minimum subscription amount in aggregate is 500,000 units while the maximum is 8,666,000 units.

The principle objective of Millstream Mines Ltd. is to enhance and develop mineral properties to production potential. Millstream holds mineral claims or interests directly or through wholly owned subsidiaries in the Czech Republic, USA and Canada.

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No regulatory authority or similar body approved nor disapproved the information contained herein.