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Mineral Streams Announces Acquisition of Royalties on Barrick Gold's Hemlo Complex

TORONTO, ONTARIO -- (Marketwired) -- 02/26/14 -- Mineral Streams Inc. ("the Company" or "Mineral Streams") is pleased to announce the acquisition of two cash flowing royalties on Barrick Gold Corporation's Hemlo complex, located near Marathon, Ontario, approximately 350 kilometres east of Thunder Bay. The royalties are comprised of a 0.25% Net Smelter Return ("NSR") on the Williams Mine and a 1.5% NSR on the David Bell mine, which together form the Hemlo complex. The Hemlo royalties acquisition (the "Transaction"), the Company's inaugural royalty investment, was purchased from a private party in exchange for a combination of cash and common shares in Mineral Streams. As part of the Transaction, Mineral Streams was entitled to receive the fourth quarter 2013 royalty payment which totaled approximately $252,000.

Gordon McKinnon, President and CEO of Mineral Streams commented, "We are pleased to enter the royalty business with these two cash flowing royalties, on outstanding assets operated by a major global gold company. These royalties will serve as our foundation, provide us with immediate free cash flow and the ability to selectively seek out and evaluate other investment opportunities. Going forward our investment thesis extends beyond precious metals and could include opportunities in base metals, oil and gas, as well as specialty metals, depending on the respective investment opportunity and risk adjusted projected return."

Will Ansley, Chief Operating Officer of Mineral Streams, said, "The Hemlo complex is located in a top-tier geopolitical jurisdiction and has been in production for decades with recovered gold exceeding 25 million ounces. Over the past five years Hemlo has produced between 200,000 - 275,000 ounces of Au annually and based on existing reserves we anticipate the complex will continue to operate for at least another five years and, as demonstrated in the past, has the opportunity to be extended further."

Hemlo Mineral Reserves as of December 31, 2013 (i)
Category                                                           Contained
                                          Tons       Au Grade         Ounces
                                                        (oz/t)            Au
Proven                               1,700,000          0.078        133,000
Probable                            12,412,000          0.071        886,000
Total                               14,112,000          0.072      1,019,000

Hemlo Mineral Resources as of December 31, 2013 (i)
Category                                                           Contained
                                          Tons       Au Grade         Ounces
                                                        (oz/t)            Au
Measured                               336,000           0.11         37,000
Indicated                           57,917,000          0.032      1,866,000
Total Measured & Indicated          58,253,000          0.033      1,903,000
Inferred                             1,680,000          0.143        241,000

(i) Per Barrick Gold Corporation's Mineral Reserves and Mineral Resources
 Statement effective December 31, 2013. Mineral resources are in addition to
 mineral reserves.

This press release has been prepared under the supervision of Mr. Randall Salo (P.Geo.), who is an independent consultant to the Company and a "qualified person" (as such term is defined in National Instrument 43-101). Mr. Salo has verified the technical data disclosed in this press release.

About Mineral Streams Inc.

Mineral Streams, a private Canadian company, is focused on the underwriting and acquisition of royalties, streaming agreements and other project investments in the mining sector. The Company is cash flow positive and is in the process of developing, through acquisition, a diversified portfolio of metal streams and royalties, targeting high-quality, small to mid-sized assets. Mineral Streams was founded and is led by a team of senior professionals comprised of Gordon McKinnon, Chief Executive Officer and Director, Will Ansley, Chief Operating Officer, and Fraser Laschinger, Chief Financial Officer and Director. For more information please visit

Cautionary Statement

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada and which are based on the expectations, estimates and projections of management of the parties as of the date of this news release unless otherwise stated. Forward-looking statements are generally identifiable by use of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" or the negative of these words or other variations on these words or comparable terminology. More particularly, and without limitation, this news release contains forward-looking statements and information concerning expectations regarding the Hemlo royalties, the ability of Mineral Streams to continue raising capital and sourcing royalty and stream transactions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the uncertainties and risk factors set out in filings made from time to time with Canadian securities regulators and the United States Securities and Exchange Commission. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Mineral Streams disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Mineral Streams undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Mineral Streams, its financial or operating results or its securities.

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