Millstream Mines Ltd

Published : April 15th, 2015

MILLSTREAM CORPORATE UPDATE...

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Keywords :   Canada | Cobalt |

MILLSTREAM CORPORATE UPDATE...

TSX Venture Exchange


TSX Venture Exchange
Symbol MLM
Frankfurt Exchange
Symbol NJD

16,268,340 SHARES ISSUED

FOR IMMEDIATE RELEASE

Millstream Mines Ltd.

4 King St. Suite 1320

Toronto, Ontario, M5H 1B6

Tel: (416) 368-9595

Fax: (416) 368-6827

Date: Apr. 13, 2015

MILLSTREAM CORPORATE UPDATE

TORONTO, ONTARIO- Millstream Mines Ltd. (the "Company" or "MLM") (MLM TSX-V

& NJD Frankfurt) announces that the Company has entered into a settlement agreement with various non-arms length creditors of the company (please review PR dated Dec. 8, 2014

for background). Pursuant to this Shares for Debt Settlement Agreement, which has been
duly authorized by the Company's Board of Directors, MLM would issue common shares of the company at a deemed price of $0.05 per common share in full and final settlement of the
$1,274,764 in demand loans owing to such creditors (the "Shares for Debt Settlement"). Hence, it is contemplated that 25,495,280 common shares of the Company will be issued as
a result of the Shares for Debt Settlement. After this proposed issuance, MLM will have a total of 41,763,620 shares outstanding. Of note, the debt is being sold at face value and there

will be no change of control in the Company. For documentation of the outstanding debt

please see MLM Audited Annual Financials on SEDAR.
All securities issuances contemplated herein shall be subject to any statutory or regulatory requirements with respect to hold period and compliance with all rules and policies of the TSX Venture Exchange (the "Exchange"). The issuance of the common shares is subject to final approval by the Exchange.

About Millstream Mines Ltd.:

Millstream Mines Ltd. is a Canadian-based mineral exploration company whose principle objective is to enhance and develop known mineral properties to production potential. The Company has projects in the Province of Ontario, Canada and in the State of Montana, USA. The past producing Potter Mine Property is host to a presently known quantity of eleven (11) copper-zinc-cobalt-gold-silver "stacked" mineralized zones located in the highly prolific Abitibi Greenstone Belt and more specifically in the Kidd-Munro Assemblage near the town of Matheson in north eastern Ontario. A published initial NI 43-101 compliant resource estimate on the Potter, utilizing only seven (7) of the eleven total known mineralized zones, revealed an indicated resource of 3,028,767 tonnes at 1.45% copper, 1.19% zinc, 389.7 ppm cobalt,
11.1 ppm silver, and 127.5 ppb gold along with an inferred resource of 2,071,101 tonnes at
1.08 % copper, 1.05 % zinc, 301.4 ppm cobalt, 8.7 ppm silver, and 81.7 ppb gold. The Tamarack Gold Property, a high grade former gold producer in the Tobacco Root Mountains of south western Montana, is in an advanced stage of underground exploration and development operating under the Small Mines Exclusion Act of the State of Montana.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Millstream seeks safe harbour with regard to forward looking statements.

For further information contact:

Mr. Ernest Harrison, EM, Chairman and CEO Phone: 705-474-7282

Mr. Robert Chase, CFA, President and CFO Phone: 647-350-8400

Email: [email protected]

Web:www.millstreammines.com

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Millstream Mines Ltd

EXPLORATION STAGE
CODE : MLM.V
ISIN : CA6009001042
CUSIP : CA6009001042
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Millstream is a silver and gold exploration company based in Canada.

Millstream holds various exploration projects in Canada.

Its main exploration properties are TAMARACK, MUNRO TWP, ATOLIA and AIRPORT in Canada.

Millstream is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.7 millions as of today (US$ 1.3 millions, € 1.2 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.55, and its lowest recent point on July 24, 2015 at CA$ 0.01.

Millstream has 42 240 000 shares outstanding.

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Financings of Millstream Mines Ltd
2/22/2016UNDERTAKES FINANCING
9/23/2014TO CONSOLIDATE SHARES AND AMENDS TERMS OF PREVIOUSLY ANNOUNC...
7/30/2013Millstream Announces Private Placement
1/27/2012CORRECTION FROM SOURCE: Millstream Completes Financing
1/23/2012COMPLETES FINANCING
12/14/2011SETS TERMS OF FINANCING
9/10/2009COMPLETES NON-BROKERED PRIVATE PLACEMENT
12/31/2008COMPLETES $390,000 FLOW-THROUGH FINANCING
Nominations of Millstream Mines Ltd
2/27/2014FRED SHARPLEY, P.Geo. TO JOIN MILLSTREAM’S BOARD OF DIRECTOR...
Project news of Millstream Mines Ltd
9/24/2012(Tamarack)EXECUTES MOU ON TAMARACK GOLD PROPERTY
8/21/2012(Tamarack)EXECUTES LOI ON TAMARACK GOLD PROPERTY
7/5/2011(Potter)Expands Land Position at Potter
8/23/2010(Tamarack)Tamarack potential open pit 1,000,000+ tons
1/6/2010(Potter)signs agreement with agents of china on Coppper Zinc Potter ...
12/1/2009(Tamarack)SIGNS LETTER OF INTENT FOR FURTHER DEVELOPMENT OF TAMARACK G...
5/14/2009(Tamarack)Receives positive gold gravity test work results from tamara...
7/28/2008 Submits NI 43-101 Report On Tamarack Gold Property
1/29/2008(Potter) Extends Favourable Mineralized Horizon Approximately 500 Me...
11/28/2007(Potter)Cuts 15 Metres of .16% Nickel At Potter
11/26/2007(Tamarack)Uncovers New Gold Zone at Tamarack Measuring 28.8 g/t Gold a...
11/20/2007(Potter) Cuts 3 Massive Sulphide Intervals Including 18.0 Metres of ...
11/14/2007(Potter) Outlines Geophysical Results and Future Plans at Potter Pro...
11/12/2007(Airport) Provides Current Exploration Status Of Its East Property
11/5/2007 Expands Land Position at its Potter Property in North Easte...
10/30/2007(Potter) Cuts 8.25 Metres of 2.53% Copper Within a Larger Interval o...
10/17/2007(Potter) Rotates Diamond Drill Head 15° West From S-07-13 (Az 5.00) ...
10/11/2007(Potter)Cuts 8.65 Metres of 3.20% Copper, 2.03% Zinc, 0.112% Cobalt ...
Corporate news of Millstream Mines Ltd
4/21/2016MILLSTREAM CORPORATE UPDATE
12/16/2015MILLSTREAM DISCLOSES EXPECTED PROGRAM...
4/15/2015MILLSTREAM CORPORATE UPDATE...
5/17/2012AMENDS OPTIONS
5/2/2012(Potter)REPORTS FURTHER ON MAG/VLF SURVEY OF SOUTH POTTER
4/17/2012(Potter)REPORTS ON MAG/VLF SURVEY OF SOUTH POTTER
3/27/2012(Potter)COMPLETES MAG/VLF SURVEY ON SOUTH POTTER
2/6/2012(Potter)DISCOVERS MAGNETIC ANOMALIES SOUTH OF POTTER
12/19/2011(Tamarack)EXPOSES GOLD ZONE EXTENSION AT TAMARACK
2/18/2011Reports a Change to its Board of Directors
12/9/2008SETS TERMS OF FINANCING...
2/5/2008 Sets its Sights on Sudbury Airport East Property; Drilling ...
12/6/2007''s Step-Out Hole S-07-22 Intercepts Massive Sulphides 77 Me...
9/28/2007Starts Up Gold Mill At Tamarack
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