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VMS Files Prefeasibility Study for the Reed Lake Deposit, Near Snow Lake, Manitoba



VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2012) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to announce the Prefeasibility Study of the Reed Lake polymetallic deposit near Snow Lake, Manitoba with Joint Venture partner Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM) is available for viewing on www.sedar.com.



Reed Copper Deposit Mineral Reserves1 - March 30, 2012




Category

Tonnes

Au (g/t)

Ag (g/t)

Cu (%)

Zn (%)



Probable

2,157,000

0.48

6.02

3.83

0.59



1Shown as 100% of the mineral reserves; VMS has a 30% interest in the Reed Copper project joint venture


The pre-feasibility study prepared by Hudbay and Stantec in respect of the Reed deposit demonstrates that the indicated resources can be converted to reserves and economically viable for extraction by long-hole open stoping at a rate of 1300 TPD.

Reed Copper Project Assumptions and Qualifications

Production at Reed is scheduled to begin at the 260 metre level from Zones 10 and 20 and in Zone 30 from the 135 metre level. Mining is expected to finish in Zone 30 from the 85 metre level, in Zone 20 from the 110 metre level and in Zone 10 on the 285 metre level.

Run of mine ore will be transported by truck directly to Flin Flon where it will be crushed to less than 150 millimeters. The Reed ore will be batched independently through the Flin Flon concentrator with assumed metal recoveries of 94% copper, 58% gold and 62% silver producing a copper concentrate.

Access to the underground mineral resources will be via a trench, portal and decline located near the center of the surface site. The decline will be excavated 6 metres wide and 5 metres high to a depth of 510 metres from surface and be able to accommodate a 60 tonne truck. Ore and development waste will be hauled to surface via the decline. Each mining level, spaced 25 metres vertically, will be accessed from the decline and will be 5.5 metres wide by 4.5 metres high to accommodate a 10 yard load, haul and dump scooptram.

The project will be powered by diesel generators and power distributed to surface buildings and underground.

Stantec provided capital estimates for: surface infrastructure, underground dewatering, indirect costs (contractor, construction management). Hudbay provided capital estimates for underground development and construction, mine equipment, all other indirect costs, operating costs, sustaining capital, production schedule and metal price forecast.

Qualified Person

Neil W. Richardson, P.Geo, Chief Operating Officer of VMS Ventures Inc., a Qualified Person in accordance of Canadian Regulatory requirements as set out in NI 43-101, is responsible for the information in this release.

About VMS Ventures Inc.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Lake Project, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. VMS Ventures Inc. undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, B.Sc., President

VMS Ventures Inc.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[Johnstocks]

August 14, 2012 - VMS Ventures Inc. (VMS: TSX-V) (“VMS”) and its joint venture partner, Hudbay Minerals Inc. (TSX:HBM) (NYSE:HBM) (“Hudbay”) will be hosting a groundbreaking ceremony today at its Reed Lake property in Flin Flon, Manitoba, signaling their commitment to the new copper mine.


Dave Chomiak, Minister of Innovation, Energy and Mines, David Garofalo, President and CEO of Hudbay, and Rick Mark, CEO of VMS Ventures will be attending and are scheduled to speak at today’s ceremony.


“We are delighted to be a part of today’s Reed Copper Mine opening ceremony. Reed has advanced towards production very quickly. We made the discovery in 2007 and signed a Joint Venture with Hudbay on July 5, 2010,” said Rick Mark, VMS’ chief executive officer and chairman. “HudBay is on schedule and on budget and VMS is pleased to be working with such an experienced partner.”


Mining at the Reed copper project is expected to begin by Q4 2013, and is anticipated to ramp up to full production of approximately 1,300 tonnes per day by Q1 2014.


VMS Ventures announced a high-grade copper discovery at Reed grading 10.50 m of 11.19% copper within 43.05 m of 4.38% copper on October 4, 2007 (http://vmsventures.com/Newsroom/Press-Releases/Press-Release… .

About VMS Ventures Inc.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company’s VMS project property portfolio consists of the Reed Copper Project, Reed East/West Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.

VMS Ventures owns approximately 26M shares of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.


About Hudbay

Hudbay (TSX, NYSE: HBM) is a Canadian integrated mining company with assets in North and South America principally focused on the discovery, production and marketing of base and precious metals. Hudbay's objective is to maximize shareholder value through efficient operations, organic growth and accretive acquisitions, while maintaining its financial strength. A member of the S&P/TSX Composite Index and the S&P/TSX Global Mining Index, Hudbay is committed to high standards of corporate governance and sustainability. Further information about Hudbay can be found on www.hudbayminerals.com.

[Johnstocks]

VMS Ventures Announces Trenching Results and Surface TDEM Survey on Its Sudbury Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2012) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS" or the "Company") is pleased to announce the results of a surface time-domain electromagnetic (TDEM) survey on its 100% owned Terra Incognita project and the first phase of trenching on its 100% owned Golden Pine project. Both projects are located north of the Sudbury basin and approximately 40 kilometres northeast of Sudbury, Ontario.

Neil Richardson, COO states: "We are pleased with the TDEM survey over the Terra Incognita project, which has provided at least three significant targets for our planned 2013 winter drilling program. As well, the first phase of our trenching program at Golden Pine shows that the MMI soil geochemistry survey is outlining bedrock-hosted gold mineralization, which we will now follow-up with trenching and channel sampling."

The surface time-domain electromagnetic survey at Terra Incognita completed late last winter has now been incorporated into the company's GIS database ( Image 1: http://media3.marketwire.com/docs/VMSimage1.pdf ).

The TDEM survey was completed by Crone Geophysics Ltd. of Mississauga, Ontario on a grid cut by a crew from the Wahnapitae First Nations. The survey covered approximately 20 line kilometres with station readings taken every 25 metres and line spacing of 100 metres. Six TDEM anomalies were outlined from this survey, with three ranked as high priority targets. Two of the high priority targets have coincident Mobile Metal Ion (MMI) geochemical anomalies and VLF geophysical conductor anomalies. Drilling is planned to test these targets in the upcoming 2013 winter drilling program.

The first phase of trenching has been completed on the Golden Pine project where two separate areas were mechanically stripped to expose the bedrock; a total area of 400m2 was excavated. These trenches focused on a coincident Induced Polarization geophysical anomaly and a Mobile Metal Ion geochemical anomaly over an inferred contact between granite and intermediate volcanic rocks. A second trench focused on a MMI anomaly near historical zone B. Results from the first phase of channel sampling yielded assay results of up to 12.00 g/t gold over 0.50 metres. Two continuous samples averaged 11.68 g/t gold over 1.00 metre in an intermediate volcanic rock in the first trench area
(Image 2: http://media3.marketwire.com/docs/VMSimage2.pdf).

About VMS Ventures Inc:

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Lake Mine, which is subject to a 70-30 JV with HudBay Minerals and is scheduled for production in Q3- 2013, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.


VMS Ventures owns approximately 27M shares of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.

[Johnstocks]

Reed Copper Mine Commences Production

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 1, 2013) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased to update shareholders on the progress made at the Reed Copper Project, near Flin Flon Manitoba. VMS Ventures owns 30% of the project and is carried to production. Hudbay Minerals Inc. (TSX:HBM) (NYSE:HBM) ("Hudbay") owns 70% and is the Operator.
VMS Ventures announced today that joint venture partner and operator Hudbay has received the Environment Act Licence for the Reed Copper Project from the Manitoba government and has commenced initial production. The licence permits the operation of the Reed mine, a 1,300 tonnes/day underground copper mine, and its supporting infrastructure.

Hudbay has informed VMS that a bulk sample of approximately 7,000 tonnes of ore was mined under the Advanced Exploration Project permit and a metallurgical batch test of 4,500 tonnes of ore was milled in late September at Hudbay's Flin Flon concentrator. The 7,000 tonnes of ore, from the upper Zone 30, was mainly mined on 65 m Level with only 1 round (approximately 300 to 400 tonnes) taken on the 45 m Level.

Full production remains on the planned schedule to commence in first half of 2014 and the project remains within the estimated budget parameters.

Neil Richardson, VMS Ventures' COO states: "The receipt of the Environment Act Licence and the successful extraction of the bulk sample are both significant milestones for the project. The Licence confirms the care and diligence taken by our JV partner and operator Hudbay in moving the project forward within mandated environmental guidelines while the extraction of the bulk sample project is the first step towards full production at Reed".

Please visit the VMS website at http://www.vmsventures.com/investors/photo-gallery" target="_blank" rel="nofollow ugc noopener">http://www.vmsventures.com/investors/photo-gallery to view a slide show of progress on the Reed Copper Project.


About VMS Ventures Inc.:

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Copper Project, which is subject to a 70-30 JV with Hudbay Minerals and is scheduled for production in Q4-2013, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned the Black Creek property in the Sudbury mining camp.
VMS Ventures owns approximately 27.5% of North American Nickel Inc. (TSX VENTURE: NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.

Preliminary Economic Assessment (PEA) of the Reed Copper Deposit

• Indicated Resource: 2.55 M Tonnes of 4.52% Cu, 0.64g/t Au, 7.86g/t Ag
• Production of 1,300 tonnes per day estimated by late 2013
• Expected production grades of 3.78% Cu, 0.45 g/t Au, 5.77g/t Ag
• Metal recoveries currently estimated at 94%

The $71-million Reed Copper Mine has a five-year life planned for the mine. The ore will be processed & treated in HudBay’s Flin Flon concentrator.

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. VMS Ventures Inc. undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

http://www.vmsventures.com

[Johnstocks]

REED COPPER MINE NOVEMBER DEVELOPMENT HIGHLIGHTS


Produces 13,154 Tonnes of Ore


Vancouver, B.C., December 17, 2013 VMS Ventures Inc. (TSX-V:VMS) (“VMS Ventures” or the “Company”) is pleased to update shareholders on the considerable progress made at the Reed mine, near Flin Flon Manitoba, during the month of November. VMS Ventures owns 30% of the project and is carried to production. Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("Hudbay") owns 70% and is the Operator.

VMS Ventures has received the Reed mine update for November from its joint venture partner and operator Hudbay. During the month of November the project reached a number of milestones including:

• Surpassing 2,000 metres of total underground project and pre-production development
• 627 consecutive days without a lost time accident
• Completion of 85 metre level ore development from zones 30 and 20 and production of 13,154 tonnes of ore
• Completion of two ventilation raises from the 85 to 50 metre levels
• Commissioning of the main fresh air ventilation 600 HP fan on 50 metre level
• Project remains on budget and on schedule

In the month of November 294 metres of underground development were completed, reaching a total of 2,079 metres. Project development reached 1,662 metres with an additional 417 metres of pre-production development.

The focus for December will remain on safety and continued ramp development down to the 135 metre level and pre-production development at the 110 metre level of the mine.
The project remains on budget and on schedule and is expected to reach commercial production by the second quarter of 2014.

Neil Richardson, VMS Ventures' COO states: "We are very pleased to see that the rate of advancement reached 9.8 metres per day in November. This helped achieve the milestone of over two kilometers of underground development to date for the project. Also, the mine operations have prepared the first production stope which is very good news, as well. We expect this pace of progress to continue through December and into 2014 as we work towards commercial production at the Reed copper mine.”

[Johnstocks]

VMS Ventures Provides Reed Mine December Update




VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 20, 2014) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased to update shareholders on the considerable progress made at the Reed mine, near Flin Flon Manitoba, during the month of December. VMS Ventures owns 30% of the project and is carried to production. Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("Hudbay") owns 70% and is the Operator.

VMS Ventures has received the Reed mine update for December from its joint venture partner and operator Hudbay. During the month of December the project reached a number of milestones including:

•Project development advanced 217 metres for a total 2,296 metres to date
•658 consecutive days without a lost time accident
•Mined from the first production longhole stope, #85 - 30 - 1
•Commissioned new mine ventilation heater
•Completed a ventilation raise from 110 to 85 metre level
•Project remains on budget and on schedule

In the month of December 217 metres of underground development were completed, reaching a total of 2,296 metres. Project development reached 1,873 metres with an additional 423 metres of pre-production development to date.

The focus for January will remain on safety and continued ramp development down to the 160 metre level and pre-production development at the 110 and 135 metre level of the mine.

The project remains on budget and on schedule and is expected to reach commercial production by the second quarter of 2014.

Neil Richardson, VMS Ventures' COO states: "We were very pleased to see our first production stope (#85 - 30 - 1) come on-line during the month of December. The mining of this stope is the start of advancing Reed towards commercial production in Q2 2014. Focus will continue on ramp development to access mining horizons."

Please visit the VMS website at http://www.vmsventures.com/investors/photo-gallery to view a slide show of the latest progress on the Reed mine.

About VMS Ventures Inc.:

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed mine, which is subject to a 70-30 JV with Hudbay Minerals and achieved initial production in Q4-2013, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned the Black Creek property in the Sudbury mining camp.

VMS Ventures owns approximately 23.9% of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com