Millstream Mines Ltd. has closed effective December 31, 1999 it's flow-through share offering commenced November 01, 1999. The offering consisted of units in the capital stock of Millstream at a price of $0.25 per unit. Each unit is comprised of one (1) common voting share and one half (1/2) common share purchase warrant, each full share purchase warrant being exercisable for twelve (12) months at a price of $0.375 per share.

The private placement flow-through offering totaled 808,000 Units for an amount of $202,000. These funds, raised from arms-length parties, will be used for exploration purposes on Millstream's Canadian properties.

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

For further information contact:

Mr. Ernest Harrison, EM                           Phone: 705-474-7282
Mr. Marty Martinello, B.A.                              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