VMS Ventures Reports Mineralization at 30 Metres From Surface in Zone 30 (Zinc-Copper Lens), Including 15.7m of 6.57% Zinc, From Initial In-Fill Drilling at Its Reed Lake Joint Venture Project

VMS Ventures Inc. (TSX VENTURE:VMS) announced drill and assay results from the initial in-fill diamond drill program at the Reed Lake deposit, near Snow Lake, Manitoba, Canada. These results are from holes RDL009 to RDL014 inclusive. They were designed to test the zinc – copper rich lens (zone 30) located near surface.

Highlights:

• Hole RLD012 - 15.7m of 6.57% Zinc

• Deposit comes within 30 metres of surface

• Amenable to ramp development and early production from an underground operation

The in-fill program is the first phase of drilling at the Reed Lake project under a joint venture formed between VMS and HudBay Minerals Inc. (TSX/NYSE:HBM). The Reed Lake deposit is a base metal, polymetallic, massive sulphide-type deposit located approximately 100 kilometers from HudBay's concentrator in Flin Flon, Manitoba.

Neil Richardson, VMS' Chief Operating Officer, states: "The results for the upper zinc - copper rich lens (zone 30) are very encouraging as they show that the deposit comes within 30 metres of surface, which suggests it is amenable to ramp development and early production from an underground operation. The results emphasize the metal zonation in this polymetallic deposit which, in addition to copper and zinc, also carries appreciable amounts of gold and silver. Metal zonation and significant precious metal credits are common characteristics of massive sulphide deposits in the Snow Lake camp."

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