20,665,839 shares issued  

Date: January 23,1998

Millstream is pleased to announce that it has signed a Letter of Intent with Goldhunter Explorations Inc. ("Goldhunter") to option a 60% working interest in 84 unpatented mining claim units in Munro Township (the "Property") and a 60% interest in the rights and privileges contained in the agreement between Goldhunter and prospector Mr. Douglas Joseph Lalonde ("Lalonde Agreement").

 Millstream can earn its interest in the property by expending $400,000 on the property at the rate of $150,000 in expenditures on or before July 14, 1998, and a further $250,000 on or before July 14, 1999; making $220,000 in cash option payments over four (4) years in respect thereof and issuing to Goldhunter 100,000 treasury shares and issuing to Mr. Lalonde 100,000 treasury shares in relation to the expenditure of $400,000 on the property in accordance with OSC Policy 5.2. In addition, Millstream will be obligated to issue a further 100,000 common shares to Mr. Lalonde upon commencement of commercial production upon the Property. These transactions are subject to regulatory approval.

 The Property is contiguous to Millstream’s Potter Property abutting the south border.

The principle objective of Millstream Mines Ltd. is to enhance and develop known 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.