63,347,540 SHARES ISSUED

Millstream Sets its Sights on Sudbury Airport East Property;
Drilling of Significant Anomaly Imminent

Toronto, Ontario - February 5, 2008, Millstream Mines Ltd. (MLM -TSX-V; NJD - Frankfurt) is pleased to report that it has contracted the services of Summit Drilling in order to test a significant anomaly that has been confirmed both through geophysics and surface sampling. Drilling of this prospective suite of rocks is expected to commence by week's end under an initial planned program of 1500 metres. The minerals being sought are copper, nickel, cobalt and platinum group metals (PGM's: platinum, palladium, and gold). Present thinking by management is that this area may have potential as a Sudbury Basin offset style type of deposit.

The site targeted is in the vicinity of a past copper geochemical anomaly over which an airborne E.M. was flown in the late 1980's detecting strong conductors. Later, this survey was followed up by ground proofing geophysics. Both electromagnetic (EM) and very low frequency (VLF) surveys were completed. More recently, Insight Geophysics performed an induced polarization (IP) survey encompassing the anomaly and some of its surrounding area. All of these surveys were combined within a single data set to compare and contrast the findings. The resulting positive correlation between these reports was unmistakable. An area was found to exhibit a signature bearing both a high chargeability coincident with a low resistivity as defined by the IP survey along with a signature showing a magnetic high as per the EM survey. As well, the VLF survey's results corroborated the evidence above.

Further, in the spring of 2006, known excavated trenches were visited and a representative sample from the blasted rock was taken by the Company's consultant Phil A. Brown, P. Geo., QP per NI 43-101 for the property (See PR May 17, 2006). The sample was later sent to Swastika Laboratories Ltd. for assay and returned values of 3.977 g/tonne gold, 0.86% copper along with detectable amounts of nickel and platinum.

The Airport East Property is located in the Falconbridge and Street Townships, Sudbury Mining District, Northern Ontario, Canada. It consists of 127 mining claim units which abut the east boundary of the Company's Airport Property. Millstream retains a 100% undivided interest in the Airport East Property.

Presently, Millstream's qualified people (QP's) are busy compiling all the information necessary to publish an initial resource estimate per the requirements and guidelines of NI 43-101 on its volcanogenic massive sulphide (VMS) type deposit at its Potter Property. The past producing property is host to copper-zinc-cobalt "stacked" mineralized zones located in the highly prolific Abitibi Greenstone Belt in the Kidd-Munro Assemblage near the town of Matheson in north eastern Ontario, Canada. The Potter deposit is located midway between the Kidd Creek VMS deposit and the historic Horne VMS deposit with their respective smelter complexes.

Sample p reparation and analyses for this release were conducted by Swastika Labs in Swastika, Ontario on samples supplied by Millstream. Phil A. Brown, P. Geo., geological consultant to Millstream, is the Qualified Person as described in National Instrument 43-101 for the Airport East Project. He has reviewed this report and press release with company management.

Dave Gamble, P.Geo. and Edward Bettiol, P. Eng,  both consultants of Millstream, are the Qualified Persons as described in National Instrument 43-101 for the Potter Mine Project. They have reviewed this report and press release with company management.
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 active projects in the Province of Ontario, Canada and in the State of Montana, USA. The company's main focus continues to be the 100% owned Potter Mine Property. This past producing property is host to copper-zinc-cobalt "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. It is the company's immediate ambition to fulfill drilling requirements necessary to estimate a NI 43-101 compliant resource.

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, CEO      
Mr. Marty Martinello, B.A., V.P. 
Phone: 705-474-7282
Fax: 705-474-5491

Mr. Robert Chase, B.A., CFA, CFO 
Phone:416-368-9595
Fax:  416-368-6827
Email: info@millstreammines.com
Web: www.millstreammines.com

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