16,664,925 shares issued and outstanding

Date: November 7, 1997

Millstream Mines Ltd. announces today that it has completed a private placement of 500,000 Units for its capital stock at a subscription price of $0.30 per Unit for an aggregate consideration of $150,000. Each Unit is comprised of one (1) common share and one (1/2) Common share purchase warrant. The warrants have an exercise price of $0.50 a share.

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