31,632,043 SHARES ISSUED

                                                                               

MILLSTREAM APPOINTS ADVISORY BOARD

Dec. 4, 2001

 

Toronto- December 4, 2001 -Millstream Mines Ltd. (Millstream, YLI-CDNX) announced today that it has assembled an advisory board of experienced and competent professionals to assist in the ongoing future development of the company and its projects.

 

 

Dr. Mark J. Mihalasky PhD is an assistant professor with the Faculty of Natural Sciences and Mathematics at the Richard Stockton College of New Jersey. Dr. Mihalasky is a well-regarded GIS (Geographic Information Systems) specialist with an expertise in spatial data analysis and mineral potential modeling. He is a graduate of the University of Ottawa and has a broad background in the earth sciences, including resource assessment and management, economic and hard-rock geology, and regional-scale tectonics and synthesis.  Prior to joining the faculty of Richard Stockton College, Dr. Mihalasky held a post with the US Geological Survey as a research geologist, where he served as a data and resource assessment analyst.  He has also worked within the mining industry, consulting for Echo Bay Minerals, Battle Mountain Gold, and Newmont Exploration Ltd.  Dr. Mihalasky is a welcome new member of our advisory board.

 

Mr. Gregory Alexanian, a senior business executive focused on operations management, has a wealth of experience in corporate finance and marketing functions in both public and private companies. A specialist in strategic planning and corporate fundraising, we anticipate that Mr. Alexanian will be an influential member of the Millstream team.

 

Mr. Roland Austrup is President of Aero Capital Corporation, a registered Commodity Trading Advisor in the United States and Commodity Trading Manager in Canada managing the assets of high net-worth and institutional clients. He has previously held posts at Nesbitt Burns and ScotiaMcleod, from 1988 to 1996. Mr. Austrup is also Vice-President of Eiger Technology, Inc. of Toronto, a Canadian “Tech 100” company listed on the TSE. We look forward to Mr. Austrup’s future advisory board input, specifically concerning commodities trading and hedging.

 

Millstream wishes to restate its outstanding share position to 31,632,043, a change of 899,000 shares.

 

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, C.E.O.     Phone: 705-474-7282

Mr. Marty Martinello, B.A., V.P.       Fax: 705-474-5491

 

Mr. Robert Chase, B.A.                    Phone: 416-368-9595

                                                      Fax: 416-368-0584

                                                      Email: info@millstreammines.com

 

 

 

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