I don't know about booster rockets, this may never leave the ground in this market climate, but another hit with the drill, and a letter from the CEO won't hurt...

FS


Dear VMS Followers,

Today, we have released the results of four more holes of our Discovery Zone drilling near Snow Lake , Manitoba . George's comments reflect a growing understanding of the deposit which will benefit us all when drilling resumes. And, RD-08-71's 130 feet of 4 % Copper is another very strong result for VMS.

I had a chance to be at the annual Manitoba Mining and Minerals conference in Winnipeg last week. The conference was amazingly upbeat considering the very difficult markets we all are living with these days. I find it very positive that the Minister of Mines for the Manitoba government was involved in all aspects of the conference and I had several direct converstaions with him regarding our Company and our views on Manitoba continuing to be a great province for exploration.


Our entire Geological team met Sunday after the conference. The morning was spent studying our 2009 priotity drill properties, including the current geophysical interpretation of the 2008 VTEM data. We will be providing you with updated information on those properties in the weeks ahead.



I want to repeat a statement I made a short time ago regarding our cash position. We expect to enter 2009 with approximately $15 million dollars in the bank. We agree with market sentiment that cash must be regarded as an asset to be valued and to spend it prudently and wisely. That is our intention as we move forward.


To our American friends, we all wish you a very Happy Thanksgiving and safe travels this long weekend.

Best Regards,

Rick Mark,

CEO, VMS Ventures Inc.