Date: September 23, 1996

Millstream Mines Ltd. has appointed IBK Capital Corp. as its agent to secure a financing up to $16 million on terms and conditions acceptable to the company.

 The funds will be allocated towards the following programs:

• Czech Republic: Continue the exploration at its Roudny Mine to test existing mineralized parallel structures within the immediate vicinity of the proven gold deposit. Secure and convert the "Mill" to a cyanide leaching plant for processing and recovery of gold and prepare the Roudny Mine for production.
• Canada, Potter Mine property, Ontario: Next exploration phase of detailed geophysics in the target areas in the conductor zones to identify massive sulphide ore targets for drilling. Mapping with further interpretations and diamond drilling.
• USA, Uncle Sam Property: Underground development and diamond drilling of the lode gold/silver bearing claims to expand vertically the known mineralization and test for parallel structures.
• General Working Capital for the Company.

 Millstream has an approximate capitalization of 15 million shares.

 IBK Capital provides a full range of financial advisory services to senior mining companies and emerging producers internationally.

 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 of through wholly owned subsidiaries, in the Czech Republic, USA and Canada.