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To: Postman who wrote (343)	2/9/1998 11:13:00 AM
From: Kent C.	Respond to of 746

Feb. 09 - MLSM-CDN - Cobalt Assay Results Increase Metal Values In Potter Property Second Hole By Over 50 Percent TORONTO, ONTARIO--Millstream Mines Ltd. reports the receipt of Cobalt assay results from the second hole on its Timmins/ Matheson, Ontario, property. The cobalt results considerably upgrade the already significant values and importance of the mineralized core intervals previously reported. Assay results from the third interval in hole #S97-09 are restated as follows: Interval Core Length Cobalt Copper Zinc Silver Gold ------------ Metres (m) (ft.) (percent)(percent)(percent) (oz/t) (oz/t) -------- --- ----- -------- -------- -------- ------ ----- 604.6-627.5 22.9 75.13 0.08 2.65 2.70 0.76 --- The above noted intersection included a section as follows: 613.6-623.0 9.4 30.84 0.128 3.86 4.57 1.126 .023 The second hole #S97-09 (16.10W, 630S, Az 350 deg) was collared 230 ft. west on strike from the preliminary discovery hole #S97-08A, the core from which will now be assayed for cobalt content. Assay results in respect to the other massive sulphide intervals from the second hole indicate mineralization with pyrrhotite and finely disseminated chalcopyrite and sphalerite across wide sections with a number of narrower widths up to 3 metres (9.8 ft.) of higher grades (up to 1.63 percent Copper and 1.36 percent zinc). Sections of this core will also be assayed for cobalt. Millstream also wishes to report that the third hole #S97-10 collared some 200 ft. west of the second hole, after having encountered mineralization carrying massive sulphides, experienced directional drilling complications and was temporarily suspended pending technical assessment. A fourth hole #S97-11 has commenced drilling to test at depth the projected mineralized zone beneath the first hole; this hole has encountered mineralized horizon zones and is approaching its target area. Information will be released when drilling has been completed and the core logged. Future exploration on the Potter will include a Real Section I.P. survey, the completion of the third hole and additional drilling. Millstream has a 100 percent unencumbered option on the Potter Property. FOR FURTHER INFORMATION PLEASE CONTACT: Millstream Mines Ltd. Mr. Ian Brodie-Brown (416) 368-9595 (416) 368-0584 (FAX) or Millstream Mines Ltd. Investor Relations: Mr. Peter Brodie-Brown (416) 368-9595 (416) 368-0584 (FAX) E-mail: mlsm@ interlog.com No regulatory authority or similar body approved nor disapproved the information contained herein.