Millstream Mines Ltd.

Millstream Mines Ltd.

November 26, 2007 09:00 ET

Millstream Uncovers New Gold Zone at Tamarack Measuring 28.8 g/t Gold and 94.2 g/t Silver

TORONTO, ONTARIO--(Marketwire - Nov. 26, 2007) - Millstream Mines Ltd. (TSX VENTURE:MLM)(FRANKFURT:NJD) is pleased to announce that at its Tamarack Mine Project in Montana, a segment of ground situated in close proximity to the newly excavated adit (leading to an underground decline (Azimuth 103 deg, Slope -15%)) has given way revealing a new mineralized gold zone. The exposed zone is apparently dipping north east, striking east-west and measures approximately 4 ft. or 1.2 m in width from its top to bottom and approximately at least 100 ft. or 30.48 m in exposed length. A channel sample taken over its width of 4 ft. (1.2 m) returned .928 ounces per ton (opt.) or 28.8 grams per ton (g/t) Gold and 3.04 opt. or 94.2 g/t Silver. It is important to note that this occurrence has in no way disrupted access to the underground decline. In fact, a picture of the adit and the newly discovered gold vein can be viewed on the company's website @

During the week of Nov. 12, 2007, Company management, Ernest Harrison (CEO) and Rob Chase (CFO), together with Company consultant, Phil Brown (QP) and Dave Dawson of Insight Geophysics visited the mine site and witnessed first hand mine and mill operations. Management is pleased to report that the mill has now completed its initial tune-up period and is now being fed with higher grade ore (.4 opt. or 12.4 g/t) intermingled with lower grade ore (.1 opt or 3.1 g/t) in order to maintain a uniform consistency. The mill is now running in 8 hour shifts, 5 days a week and the throughput is now roughly 30 to 40 tons per day. This will be eventually scaled up to 100 tons per day over a period of time. The crushing and grinding circuit, electrics, piping, flow cells, and a full size Deister gravity table are now in efficient working order (go to in order to download clips of the mill and minesite in motion). A stockpile of some 2000 tons of roughly .4 opt. or 12.4 g/t gold material (see PR's Feb. 19,'07 & May 4,'07) awaits the mill for gold and silver extraction and concentration. Also, six miles up the mountain to the west at the Uncle Sam Mine, of which Millstream has a 50% interest, a further 4,500 tons of 0.45 opt. broken up gold ore material lying in the stopes can be accessed for further feed to the mill (see PR Aug. 15,'97). Concurrently, the exploration for further mineralized feed sources underground continues.

On this front, the services of geophysical crews have been procured to perform a ground GPS magnetic survey over the entire group of Tamarack Mine claims. The property consists of six (6) patented claims and a further Lode Claim and two (2) Placer Claim blocks tying in all claims, making them contiguous. As this release is being read the survey is being performed. Preliminary results can be viewed on the company's website at These initial results line up very well with drill holes DDH 04-01 and Goldfield's TR-2 (see below for historical assay results). To the immediate east, west and south of these holes lie 3 sizable targets which will need to be tested either by drill or underground drift.

Past Exploration Highlights

In November of 1991, Goldfields did some exploration work on the Tamarack Mine Project in the form of reverse circulation drill chip logging, plotting holes on sections, analyzing assays and check assays, and following up on leads for adjacent claims. The following are highlights from that work:

Drill Hole Down hole Width Gold Assay
No. Interval (ft.) (ft.) (m) (oz/ton) (g/t)

TR-2 50 to 150 100 30.47 .244 7.56
Including 70 to 90 20 6.1 .975 30.22
Including 105 to 115 10 3.05 .123 3.81

TR-4 115 to 130 15 4.57 .109 3.38
120 to 125 5 1.52 .277 8.59
190 to 200 10 3.04 .504 15.6
415 to 420 5 1.52 .267 8.28

TR-8 345 to 355 10 3.04 .143 4.43

TR-9 15 to 20 5 1.52 .109 3.38
265 to 270 5 1.52 1.976 61.25

TR-11 0 to 15 15 4.57 .153 4.74
(see hole locations at

In 2004, Millstream undertook to drill DDH 04-01 in order to retrieve core
and get geologic lithology from the region in and around Goldfield's TR-2.
The returns from that hole are as follows:

Drill Hole Down hole Width Gold Assay
No. Interval (ft.) (ft.) (m) (oz/ton) (g/t)
DDH-04-01 73 to 78 5 1.52 .338 10.48
Including 73 to 74 1 .305 1.06 32.86
102 to 109 7 2.13 .438 13.58
(see hole location at

While excavating an underground exploration drift to pick up the mineralization encountered in TR-2 and DDH 04-01, the following mineralized zones and areas were encountered:

A channel sample of a 1.5 ft. (.457 m) wide seam across the drift face located approximately 25 ft. (7.62 m) past DDH 04-01 assayed Gold 10.84 opt (371.66 g/t) and Silver 0.21 opt (7.2 g/t) with check assay of 10.877 opt. Gold over 7 ft. from the drift's right wall to left wall (see PR Feb. 19, 2007).

A channel sample of the left wall located at the DDH 04-01 area of intersection assayed Au 0.45 opt (15.43 g/t) and Ag 0.15 opt (5.14 g/t) over 8 ft. from the back to the sill of the drift (see PR Feb. 19, 2007).

A sample of the right wall located 146 ft. down the decline assayed Au 0.504 ounces per ton (opt) and Ag 0.64 opt. over a 1.2 ft. channel (see PR Dec. 6, 2006).

A sample of the right wall located 166 ft. down the decline carried a weighted average assay of Au 0.115 opt. and Ag 0.105 over a 9.67 ft. channel. Included within this average was a sample assaying Au .256 opt. and Ag .04 over a 3.91 ft. channel (see PR Dec. 6, 2006).

Samples of the right and left wall located between 170 ft. and 175 ft. down the decline carried a weighted average value of Au 0.26 opt. and Ag 0.08 opt. over panels on each wall of 5 ft. by 9 ft (see PR Dec. 6, 2006).

The Tamarack Property is currently running a bulk sample towards achieving the status of a producing, high-grade gold operator in the Tobacco Root Mountains, Madison County, Montana. The furnace for pouring dore gold bars and an on-site assay laboratory are expected to be completed in the near future. Millstream has a 100% interest in the Tamarack, lode gold bearing, Property and its associated assets. The Tamarack Property is accessible year round, 4 miles from the town of Sheridan, on a well maintained gravel road. The associated assets of the property include a newly refurbished 100 tons per day (tpd) mill. Additional assets include tailings disposal ponds, a water supply lagoon and wells, surface and underground equipment, parts and tools. An electric power transmission line complete with a sub-station on the property is delivering power through the electrical utility, NorthWestern Energy.

The Uncle Sam Mine is also located in the Tobacco Root Mountains 6 miles to the east of the Tamarack Mine and Mill. Detailed geophysical, geochemical and geological surveys have extended the previous workings to cover a gold/graphite bearing structure over 8,000 feet long or 2.438 km. This investigation also identified the presence of other lode gold occurrences associated with the known mineralized Uncle Sam fault zone which has a true thickness of about sixty (60) feet or about 18.3 metres. All previous mining has occurred at the hanging wall of the Uncle Sam fault over a width of three (3) to ten (10) feet or 1 to 3 metres. Hence, this property will be an important component in Millstream's Montana gold operation as a source of feed for its mill at Tamarack.

Sample preparation and analyses for this release were conducted by Norris Lab of Norris, Montana on split drill core (DDH 04-01) and samples supplied by Millstream. All historical Goldfield's assays returns were prepared and conducted by Chemex Labs Inc. of Nevada, USA. Management has reviewed this report and press release with the company's consultant, Phil A. Brown, P.Geo, who is the designated qualified person for the property.

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 active projects in the Province of Ontario, Canada and in the State of Montana, USA. The company's main focus continues to be the 100% owned Potter Mine Property. This past producing 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. It is the company's ambition to fulfill drilling requirements necessary to estimate a NI 43-101 compliant resource.

Millstream seeks safe harbour with regard to forward looking statements.

Nov. 23, '07 Close: $0.24

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