Millstream Mines Ltd.

January 11, 2006 14:41 ET

Millstream Reports Terms Of Private Placement

TORONTO, ONTARIO--(CCNMatthews - Jan. 11, 2006) - Millstream Mines Ltd. (TSX VENTURE:MLM) wishes to announce that it is filing documentation with the TSX Venture Exchange with respect to a non-brokered private placement of up to $60,000 through the sale of up to 600,000 units, at $0.10 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share for a period of two years at $0.15 per share.

The intended use of the proceeds is for exploration purposes on Millstream's Koval Gold Property in Northwestern Ontario. The above share offering and attached warrants are subject to a four (4) month hold period from the date of closing.

The principle objective of Millstream Mines Ltd. is to enhance and develop known mineral properties to production potential.

Millstream, further wishes to announce and remind the interested public of its web site location, WWW.MILLSTREAMMINES.COM.

WARNING: The company relies upon litigation protection for "forward-looking" statements.

42,182,043 SHARES ISSUED

Jan. 10, 2006 Close: $0.12

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

Contact Information

  • Millstream Mines Ltd.
    Mr. Ernest Harrison, EM
    705-474-5491 (FAX)
    Millstream Mines Ltd.
    Mr. Marty Martinello, B.A.
    705-474-5491 (FAX)
    Millstream Mines Ltd.
    Mr. Robert Chase, B.A.
    416-368-6827 (FAX)