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





Date: Nov.23, 2004

Nov. 22, 2004 Close: $0.07




Toronto, Ontario -- Millstream Mines Ltd. (MLM - TSX-V) wishes to announce diamond drill hole M003 (collared at 780E, Line 4+04S, Azimuth 242deg., Dip –55deg.) was completed to a borehole depth of 620 metres. Insight Geophysics Inc. supervised an In-Hole (EM) geophysical survey done by Crone Geophysics & Exploration Inc. The results report a strong Off-Hole anomaly detected at approximately 60 metres north of M003 at 560 metres downhole depth. The survey also indicates the anomaly's shoulder commences at approximately 440 metres; inflection point at 500 metres and its axis at 560 metres downhole. The preliminary interpretations suggest that the anomaly is striking in a north-east direction with possibly a south-east dip.

As per the direction of Phil Brown, P. Geo. (Millstream’s Qualified Person) M003 drill core from various intervals has been cut with 27 samples bagged for assaying   (representing a combined core length of approximately 38 metres) to verify Sudbury Geochemical Signature.

Drill hole M004 (collared at 731E, Line 5S, Azimuth 270deg., Dip –71deg.) is being drilled to investigate this strong anomaly approximately 100 metres north of the anomaly’s axis detected in M003. At a specified depth an In-Hole (EM) geophysical survey will be done to gain another reading  on this anomaly defining a configuration with two fixed points for consideration of further drilling.


The Airport Property (currently a 50:50 joint venture between Millstream & Crowflight Minerals Inc.) is located just outside the east rim of the Sudbury Basin on the southeast horn of the Basin; and 1.2 Km east of Falconbridge’s past producer, Norduna Mines, and 4 Km southeast of Falconbridge’s recent (Nickel Rim South) hi-grade Cu-Ni-Co-PGM discovery near to their past producer, Nickel Rim Mine (FL P.R. April 16, 2002, “the hi-grade intersection has a gross value of CDN$2,000/tonne”).


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,



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.