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. 9, 2004

Aug. 6, 2004 Close: $0.07



Toronto, Ontario- Millstream Mines Ltd. (MLM-TSX-V) wishes to announce it has completed a private placement for working capital with Parolini Consulting Limited for $100,000. Parolini Consulting Limited has subscribed to 1,000,000 Units in the capital stock of Millstream Mines Ltd. at a subscription prices of $0.10 per Unit for an aggregate subscription price of $100,000 (Canadian Funds). Each Unit comprises of (1) common voting share and one (1) common voting share purchase warrant which entitles the holder to purchase one (1) additional common voting share for a period of one (1) year at a price of $0.15.

There is no finder's fee to be paid and the transaction is at arms length to the issuer with the documents being submitted for approval to the TSX-Venture Exchange.

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.