Millstream Mines Ltd.
TSX VENTURE : MLM

Millstream Mines Ltd.

November 14, 2006 10:12 ET

Millstream VMS Potter Property Exploration Plan

TORONTO, ONTARIO--(CCNMatthews - Nov. 14, 2006) - Millstream Mines Ltd. (TSX VENTURE:MLM) wishes to announce the sequence of the planned work to be carried out on its VMS Potter Mine Property located in Northeastern Ontario, Canada. More specifically, it is located in the Matheson area of the highly prolific Abitibi Greenstone belt at the confluence of the Pipestone and Destor-Porcupine faults.

Management has elected to continue with consultants Edward Bettiol, P. Eng and David Gamble, P. Geo, both involved in the NI 43101 report on the Potter Property, to manage and direct the project. Mr. Gamble has elected to structure a program which will commence with a surface diamond drill program to further enhance the area from a vertical depth of 1100 ft. to 1800 ft. below the past mine workings in order to establish an initial resource as per NI 43101.

Management with the help of its consultants will initiate work to obtain permitting for the dewatering of the past mine workings, the rehabilitation of the vertical 1275 ft. shaft, and the program to further explore the limits of the deeper zone down to a vertical depth of 3000 ft. This work will serve both to increase the resources of the property and also prepare it for an in depth scoping study.

Upon completion of the above work coincident with a favourable conclusion, a detailed feasibility study will be undertaken with the objective of achieving a bankable feasibility for a possible production decision. The funding to complete the above programs will be done in increments utilizing both flow through and non-flow through shares.



The following table outlines highlights of the past drilling done on the
property:

From To Core Length Cu Zinc Co Silver
Hole No. metres metres (M) (Ft.) (%) (%) (%) (oz/T)

---------------------------------------------------------------------------
S97-08A 482.40 483.90 1.50 8.53 3.62 3.19 0.136 0.86
491.86 494.40 2.54 8.33 2.33 9.09 0.073 1.08
504.20 506.20 2.00 6.56 6.00 4.37 0.082 1.91
537.40 543.70 6.30 20.90 2.32 3.14 0.000 0.12

S97-09 604.60 627.50 22.90 75.13 2.65 2.70 0.080 0.76
including 613.60 623.00 9.40 30.84 3.86 4.57 0.128 1.153

S98-01 695.15 702.90 7.75 25.40 5.34 3.24 0.067 1.16
including 695.15 700.40 5.25 17.20 7.81 4.76 0.096 1.69
773.50 776.50 3.00 9.80 2.17 3.90 0.047 0.46
including 774.35 776.50 2.15 7.10 2.95 5.42 0.053 0.61

S98-05 420.12 423.75 3.63 11.90 2.69 0.29 0.079 0.49
507.40 519.70 12.30 40.40 1.53 2.05 0.131 0.42
including 513.00 519.70 6.70 22.00 2.14 2.47 0.174 0.58
515.00 519.70 4.70 15.40 2.54 3.38 0.168 0.70
516.00 519.70 3.70 12.10 2.75 3.74 0.165 0.73

S98-06 653.90 680.66 26.76 87.80 2.57 1.68 0.082 0.61
including 653.96 665.50 11.60 38.06 4.34 2.18 0.122 0.94
656.90 663.49 9.59 31.46 5.01 2.63 0.131 1.09
696.62 705.30 8.68 28.48 3.39 0.80 0.071 0.67
including 696.62 703.00 6.38 20.93 4.46 1.06 0.094 0.89

S99-01A 1171.9 1179.72 7.82 25.66 1.96 3.18 0.085 0.53
including 1171.9 1176.4 4.50 14.76 1.98 4.55 0.098 0.61
including 1171.9 1175.2 3.30 10.83 2.19 5.96 0.116 0.71
1165.2 1166.2 1.00 3.28 1.26 1.18 0.036 0.29
1161.0 1162.0 1.00 3.28 1.71 0.46 0.037 0.34
1158.4 1159.95 1.55 5.09 2.11 1.40 0.093 0.50

GOLD ASSAYS NOT INCLUDED; ALL ASSAYS OBTAINED FROM SWASTIKA LABS


Plan and longitudinal views of the above drill holes are available on the company's website (millstreammines.com) along with a three dimensional deposit model.

Management has reviewed this report and press release with the company's consultant David Gamble, P.Geo, who is a designated qualified person for the property.

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

Millstream seeks safe harbour with regard to forward looking statements.

45,848,710 SHARES ISSUED

Nov. 13, 2006 Close: $0.14

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

Contact Information

  • Millstream Mines Ltd.
    Mr. Ernest Harrison, EM, CEO
    (705) 474-7282
    (705) 474-5491 (FAX)
    or
    Millstream Mines Ltd.
    Mr. Marty Martinello, B.A., V.P.
    (705) 474-7282
    (705) 474-5491 (FAX)
    or
    Millstream Mines Ltd.
    Mr. Robert Chase, B.A., CFO
    (416) 368-9595
    (416) 368-6827 (FAX)
    Email: info@millstreammines.com
    Website: www.millstreammines.com