Millstream Mines Ltd.
TSX VENTURE : MLM
FRANKFURT : NJD

Millstream Mines Ltd.

February 18, 2011 15:30 ET

Millstream Reports a Change to its Board of Directors

TORONTO, ONTARIO--(Marketwire - Feb. 18, 2011) - Millstream Mines Ltd. (TSX VENTURE:MLM)(FRANKFURT:NJD) reports that Director Alex Doulis has resigned from Millstream's Board of Directors effective February 16, 2011 for personal reasons and for the advancement of the company interests. The company was made aware February 15, 2011 both via a TSX-Venture Exchange e-mail and via a call from Alex Doulis directly that the Ontario Securities Commission had issued a Notice of Hearing calling for the attendance of Doulis to respond to specific allegations.

About Millstream Mines Ltd.:

Millstream Mines Ltd. is a Canadian-based mineral exploration company whose principle objective is to enhance and develop known mineral properties to production potential. The Company has projects in the Province of Ontario, Canada and in the State of Montana, USA. The past producing Potter Mine Property is host to copper-zinc-cobalt "stacked" mineralized zones located in the highly prolific Abitibi Greenstone Belt and more specifically in the Kidd-Munro Assemblage near the town of Matheson in north eastern Ontario. A recently published initial NI 43-101 compliant resource estimate on the Potter revealed an indicated resource of 3,028,767 tonnes at 1.45% copper, 1.19% zinc, 389.7 ppm cobalt, 11.1 ppm silver, and 127.5 ppb gold along with an inferred resource of 2,071,101 tonnes at 1.08 % copper, 1.05 % zinc, 301.4 ppm cobalt, 8.7 ppm silver, and 81.7 ppb gold. The Tamarack Gold Property, a high grade former gold producer in the Tobacco Root Mountains of south western Montana, is in an advanced stage of underground exploration and development operating under the Small Mines Exclusion Act of the State of Montana. 

73,851,707  SHARES ISSUED

Feb. 17, '11 Close: $0.05         

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Millstream seeks safe harbour with regard to forward looking statements.

Contact Information

  • MMillstream Mines Ltd.
    Mr. Ernest Harrison, EM
    Chairman and CEO
    705-474-7282
    705-474-5491 (FAX)
    or
    Millstream Mines Ltd.
    Mr. Marty Martinello, B.A.
    Executive V.P.
    705-474-7282
    705-474-5491 (FAX)
    or
    Millstream Mines Ltd.
    Mr. Robert Chase, CFA
    President and CFO
    416-368-9595
    416-368-6827 (FAX)
    info@millstreammines.com
    www.milstreammines.com