Millstream has recently purchased an undivided 50.5% interest in the Tamarack, lode gold bearing, Property and its associated assets. The Property is located in the south western part of the State of Montana, U.S.A. near the town of Sheridan and within a short distance from Millstream’s Uncle Sam, lode gold/silver bearing, Property.

 Millstream has purchased its 50.5% undivided interest with cash payments of U.S. $176,500. Additionally, Millstream has undertaken to supply future funding to advance the Tamarack Property to a stage that a commercial production decision can be made, and if warranted bring the Property into production. Millstream will receive 80% of all net revenues from the Tamarack Property until it has recaptured all funding supplied by it.

The Tamarack Property its a former producing, high-grade gold operator in the Tobacco Root Mountains, Madison County, Montana consisting of six (6) patented claims and a further unpatented claim block tying all claims contiguous. The Tamarack Property is accessible year round, 4 miles from the town of Sheridan, on the same gravel maintained road leading up to the Uncle Sam Property (a further 6 miles).

 The associated assets include a new small 60 to 100 t.p.d. mill erected in the early 1990's and an older small 50 to 60 tpd mill last operated in the 1960's. Additional associated assets are tailings disposal ponds, water supply lagoon and well, compressors, bulldozers, loaders, haulage trucks; underground mining equipment, parts and tools. An electric power transmission line complete with a sub-station on the property can be energized on signing a current contract with the Montana Power Co.

 The Tamarack Property was initially discovered in the 1860's and has been worked intermittently, both on surface and underground, up to the present time. The most dedicated undertaking of the property was carried out by Mr. Alexander Leggat, B.S., E.M., a professional mining engineer, from 1927 to 1937. During this period Leggat surveyed and assayed the past workings producing detail plans of the mine and geology. Due to the lack of proper financing he developed and ran the mine on a salvage type operation until he ran out of funds. In his final report dated March 30, 1937, he expressed his findings and conclusions of the ore occurrence and characteristics. Leggat described the occurrence in the Broadgauge ore body of the Tamarack Property, below and above the 406 drift, "having the gold mainly in the limestone above the hanging wall of a large body of intruded porphyry, and the porphyry seems to carry low values for a considerable thickness. The main ore body, however, being the limestone, in which occur irregular pipes, streaks and bunches of a white, siliceous material, rather porous, and not vein quartz but is usually very rich - samples having assayed as high as 27 opt. The gold occurs in the rock absolutely free and very pure."

Millstream’s initial plans for the Tamarack Property are to establish a new surface grid tying in the surface structures, excavations and adit portals. Thereafter, to carry out systematic geophysics surveys to contour the limestone/intrusive contact with follow-up diamond drilling.

 The Tamarack agreement allows Millstream to utilize the older mill to process the ore produced from the Uncle Sam Property. Millstream’s plans are to refurbish and up-grade the older mill for this purpose. As previously reported in press releases August 15/97 and September 25/97 an estimated 4500 tons grading 0.44 opt gold from the remnants of the old stopes in the Uncle Sam can be processed for a bulk metallurgical test run. Additional possible mill feed can be obtained by advancing the hanging wall vein drift beyond the old workings.

 To undertake these programs Millstream will be sourcing U.S. $400,000 by offering Millstream shares through private placements at prices to be determined.

 Also, it is important to relay to shareholders that Millstream's main focus continues to be the Potter Property and that the deep drill program is ongoing.

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