MILLSTREAM ANNOUNCES

Date: September 25, 1997

 

In A letter to Shareholders released today, Mr. Ernest Harrison, President of Millstream Mines Ltd. ("MLSM") reported details of MLSM’s plans for its Uncle Sam gold Property, Sheridan area, Montana USA and its base metal Potter Mine Property, Matheson area, Northern Ontario.

 The Uncle Sam Property program is to proceed with the underground development and mill approximately 4,500 tons as a bulk sample having an estimated average grade of 0.44 opt gold as previously reported.

 The Potter Mine Property program is to proceed with deep diamond drilling targeted to intersect the ore bearing horizon below the bottom level of the previous operation.

 The source of funds to undertake and complete these programs is anticipated to be an equity combination of Flow-Through Shares and Common Shares through private placements.

 MLSM has 16,064,925 shares issued and outstanding.

 For further information or for a copy of the Shareholders Letter, please contact Mr. Ernest Harrison or Mr. Marty Martinello at 705-474-7282, fax 705-474-5491.

 

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