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: Mar. 3, 2003

Feb 28, 2003 Close: $0.09

MILLSTREAM MINES LTD.’s MANAGEMENT

Millstream Mines Ltd. wished to announce it has an agreement with John Gingerich to work for Millstream in reviewing its properties and to select suitable appropriately financed parties to participate in the advancement of its properties.

John Gingerich is a professional geophysicist (APGO) with over 20 years experience in the mining industry. In October 2002 he left Noranda/Falconbridge and formed Geotechnical Business Solutions, a company focused on the development, financing and implementation of new or advanced technology. He is a recognized leader within the remote sensing and mining communities, and as a technology leader within the Noranda group of companies gained a broad range of practical experience in the application of geoscience.

From 1996 to 2002 John Gingerich held the position of Director, Research and Technical Innovation Noranda Inc., Exploration Group. Other positions held in Noranda: 1992 to 1996 Senior Geophysicist Latin America; 1990 to 1992 Senior Geophysicist (Regional) Western Canada and 1987 to 1990 Division Geophysicist.

Currently, Gingerich has reviewed the potential of Millstream’s Airport Property, and is attempting to source a suitable candidate to participate in an aggressive exploration program. The Airport Property consist of 8 claims totaling 46 standard units located in Falconbridge Township, Sudbury Mining Division, Ontario, Canada. The property is 4 km southeast of the Sudbury Regional Airport and is tied onto the east side of a large group of patented claims held by Falconbrige Ltd..  

Millstream further wishes to announce and remind the interested public of its web site location, WWW.MILLSTREAMMINES.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:            416-368-6827

                                       Email: info@millstreammines.com

 

 

 

 

 

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