20,565,839 shares issued  

NEWS RELEASE

Date: January 15,1998

Millstream Updates Outstanding Options and Warrants

 Further to the Press Release of December 24, 1997 Millstream wishes to correct the reported quantities received from its Private Placement flow-through share offering at $0.35 per unit as to the final and correct tally received being $1,124,620 for 3,213,200 units. Each unit is comprised of (1) common voting share and one half (1/2) common share purchase warrant, each full purchase warrant being exercisable for twelve months at a price of $0.53 per share. In consideration as commissions earned for the above flow-through funding and two other Private Placement funding Millstream issued 237,714 common voting shares.

 Additionally, Millstream reserved and set aside for its Corporations Stock Option Plan on December 16,1997, 211,493 common voting shares at an option price of $0.30, and on December 19,1997 340,000 common voting shares at an option price of $0.40.

 As of the date of this Press Release under the Corporate Stock Option Plan stock options to purchase 1,593,993 common voting shares are outstanding as follows: 100,000 stock options to purchase common shares at $0.13 per share until September 22, 2000, and 942,500 stock options to purchase common shares at $0.30 per share until August 27, 2002, held by various directors and officers of the Corporation; 211,493 stock options to purchase common shares at $0.30 per share until December 16, 2002, and 340,000 stock options to purchase common shares at $0.40 per share until December 19, 2002 none of which have been allotted.

 As of the date of this Press Release under Private Placement offering units, warrants to purchase 2,656,000 common voting shares are outstanding as follows; 600,000 warrants to purchase 600,000 common shares at $0.30 until October 31, 2002; 1,606,000 warrants to purchase 1,606,000 common shares at $0.57 until December 31,1998 and 450,000 warrants to purchase 450,000 common shares at $0.57 until December 16,1998.

 As of the date of this Press Release under the Czech Gold Properties vend-in warrants to purchase 6,000,000 common shares are outstanding as follows: 3,000,000 warrants to purchase 3,000,000 common voting shares at $1.00 until April 3,1998 and 3,000,000 warrants to purchase 3,000,000 common shares at $1.25 until April 3,1999.

  

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