Canadian Venture Exchange Inc.

Symbol MLM

Millstream Mines Ltd.

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

Fax: (416) 368-6827

40,132,043 SHARES ISSUED

 

 

 

FOR IMMEDIATE RELEASE

Date: Mar. 7, 2005

Mar. 4, ‘05 Close: $0.065

 

DRILL HOLE FGH04-01

 FALCON GOLD PROJECT, SUDBURY CAMP

 

Toronto, Ontario – Millstream Mines Ltd. (MLM-TSX-V) wishes to announce that it has completed drilling hole FGH04-01 on the Falcon Gold Property to a borehole depth of 1,120 feet. The drill hole was targeted to test at a greater depth the continuity of a quartz diorite (QD) dike contained within a Sudbury Breccia zone reported by Falconbridge Limited's previously drilled hole GF-17. The Potential Minerals of this prospect remain Nickel, Copper and Platinum Group Metals.

 

Phil A. Brown , P. Geo, Millstream's designated qualified person (QP) for the property reports, “hole FGH04-01 (collared due East of Falconbridge's hole GF-17, Azimuth 308 deg, dip -60 deg) intersected numerous Sudbury Breccia intervals from 378.9 ft. to 964 ft. downhole. Within this Sudbury Breccia zone, a 70 ft. section (from 739.3 ft. to 809.3 ft.) of mafic dike, highly chloritized, appears to represent the downdip extension of the QD reported in Falconbridge's hole FG-17. Visual comparison of Falconbridge's drill core is proposed to confirm that the mafic dike cut by FGH04-01 is, in fact QD, once the snow is gone. The significance of the QD is that Footwall and Off-Set type deposits in the Sudbury area are generally associated with Sudbury Breccia zones intruded by quartz diorite dikes. Samples of the Sudbury Breccia zone in hole FGH04-01 are being prepared and shortly will be shipped for assaying.”

 

The company executed a Participation and Joint Venture Agreement with Kinross Gold Corporation for the Millstream-Crowflight Minerals Inc. (Crowflight) Joint Venture to earn a 60% interest in the Falcon Gold property, located in Falconbridge Township, consisting of 7 contiguous Mining Claim Units abutting the southeast corner of the Millstream-Crowflight Airport property (see PR Oct. 20, 2003). In July, 2004, Crowflight elected to withdraw from further participation and relinquished all and any interest in the Agreement with Kinross and the Falcon Gold property, leaving Millstream to continue on alone. Subsequent to Crowflight's departure, Phil Brown, after detailed analysis and review of Falconbridge's 1988 drill program and reports, concluded that QD intervals were intersected in various drill holes that warranted further investigation with new drilling.

 

To date, Millstream has fulfilled its obligations to maintain its agreement with Kinross in good standing.

 

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.

 

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

 

Phone:416-368-9595

Fax:  416-368-6827

 

Email: info@millstreammines.com Web:www.millstreammines.com

 

 

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