Canadian Venture Exchange Inc.                                     Millstream Mines Ltd.

Symbol YLI                                                                               4 King St. Suite 1320         

              Toronto, Ontario, M5H 1B6

              Tel: (416) 368-9595

 31,632,043 SHARES ISSUED                                                                         Fax: (416) 368-0584    

 

FOR IMMEDIATE RELEASE                                                 

                                                                                                            Date: Feb. 10, 2003

 

Millstream Mines Ltd. wishes to announce its management, over the past 6 months, has been investigating a large (16 placer 160 acre claims for total 2,560 acres) gold bearing residual and alluvial placer property, in the State of California, U.S.A. and refining its proprietary solvents and mineral leaching processes.

 

The gold bearing placer property, owned by a private entity for over twenty years, is located in a renowned Mining District having plentiful amounts of water accesses and rights capable of supporting a large tonnage operation.

 

Ernest Harrison, president of Millstream, states, “negotiations regarding the gold bearing placer property are now at the stage of agreement-review by the lawyers in preparation for finalization. Additionally, developed proprietary solvents and processes are expected to play a significant role in the potential recovery of other contained minerals.”  

 

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

 

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

 

 

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For further information contact:

 

Mr. Ernest Harrison, EM, CEO     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.