Millstream Flow-Through Private Placement

Toronto, Ontario -- Millstream Mines Ltd. (YLI - TSX-V) (“Millstream”) wishes to announce the filing of a Notice of a Non-Brokered Private Placement with the TSX Venture Exchange for a private placement financing of up to 1,375,000 Units of Millstream for a maximum of $1,375,000.

Each unit will be comprised of three flow-through shares and one common voting share. In addition, each unit will also contain three warrants to purchase additional common voting shares for a period of two (2) years at a price of $0.375 per common share and one warrant to purchase one common voting share for a period of two (2) years at a price of $0.25 per common share. The intended use of these proceeds is for Sudbury Area exploration and development and general working capital purposes.

One of the conditions of closing the above financing is the advancement of Millstream to Tier 2 of the TSX Venture Exchange. In order to achieve Tier 2 status, Millstream must make application to the TSX Venture Exchange and demonstrate that it meets the minimum listing requirements for a Tier 2 issuer. Both the Tier reclassification and the above proposed financing are subject to the review and approval of the TSX Venture Exchange. Upon Millstream’s advancement to Tier 2, the above share issuance will be subject to a four (4) month hold period.

Millstream would also like to remind the interested public of its website 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., CFO Phone:416-368-9595

Fax: 416-368-6827

Email: info@millstreammines.com

Web: www.millstreamminesmines.com

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