Millstream Mines Ltd. announces that, following a recommendation from its legal counsel, it is terminating its Annual and General Shareholder Meeting held on May 4, 1998. This Meeting was adjourned in order to allow Millstream's shareholders an opportunity to vote upon any deal which contemplates the sale of a controlling interest in "key assets" of the company, as well as an opportunity to approve of the key aspects regarding the purchase of the Potter Mine Property interests disclosed in Millstream's April 6, 1998 press release. Millstream believed that the adjournment would avoid Millstream having to incur the additional expense of calling a new meeting.

 However, given the time constraints imposed by National Policy 41, Millstream's legal counsel recommended that Millstream terminate the aforementioned Meeting and hold a Special Shareholder Meeting in the near future.

 On a related matter, Millstream further announces that the purchase of the Potter Mine Property interests is to be held in Escrow until the transaction is presented to the shareholders at the contemplated Special Shareholder Meeting.

 MILLSTREAM ALSO WISHES TO ANNOUNCE THE CONTINUANCE OF THE DIAMOND DRILL EXPLORATION PROGRAM ON THE POTTER PROPERTY.

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