Canadian Venture Exchange Inc.

Symbol MLM

Millstream Mines Ltd.

4 King St. Suite 1320            Toronto, Ontario, M5H 1B6      Tel: (416) 368-9595

Fax: (416) 368-6827

38,932,043 SHARES ISSUED





Date: Aug. 20, 2004

Aug. 19, 2004 Close: $0.07



 Millstream Mines Ltd. wishes to announce that the Phase 2 exploration programs (primarily consisting of a Fugro Airborne MegaTEM II [EM] survey) on the Airport and Falcon Gold properties have been completed.


Millstream's consultants, Insight Geophysics Inc., and geophysicist John Gingerich, P. Geo. have done a preliminary review of the MegaTEM II survey results, and Millstream is preparing the exploration programs for Phase 3 as the designated Operator.


In Phase 1, Insight Geophysics Inc. carried out an extensive innovative deep penetrating (500 to 600 metres) I.P. Resistivity/Chargeability survey that identified significant geophysical anomalies. Consultant Insight Geophysics Inc. reported to Millstream that the Phase 2 Airborne MegaTEM II (EM) survey detected some shallow (less than 300 metres depths) geophysical anomalies that are corroborated by the Phase 1 geophysical I.P. survey.  Phase 3 will concentrate initially on investigating the deeper seated I.P. anomalies.


Both the Airport and the Falcon Gold properties are located in the Sudbury Mining District, Ontario, Canada, in the Falconbridge Township approximately 1.2 Km east of Falconbridge Ltd.'s past producer, Norduna Mines and 4Km southeast of Falconbridge's recent hi-grade Cu-Ni-Co-PGM discovery (MLM PR Jan. 28, 2004).


Consultant Phil Brown, P. Geo., will remain as the designated qualified person for Millstream regarding the Airport and Falcon Gold properties. Other specialized consultants will continue to assist in the exploration activities as has been the practice in the past.


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


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


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


For further information contact:



Mr. Ernest Harrison, EM, CEO       Mr. Marty Martinello, B.A., V.P.

Phone: 705-474-7282

Fax: 705-474-5491


Mr. Robert Chase, B.A., CFO



Fax:  416-368-6827





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