First of all, Happy New Year. I’m pleased that 2010 begins with two VMS news releases that, I believe, will enhance our value in the near and long term. We are very much looking forward to 2010 and expect a very busy year with exploration/drilling and corporate development activity.

On the exploration front, this morning’s release introduces what we are calling the Super Zone and, perhaps more importantly, announces the discovery of a common stratigraphy that runs from the Discovery Zone through the Tower Zone and beyond (see images 1 and 2 in the release below). This really sets the stage for our opportunity to determine whether the Discovery Zone deposit is a substantial stand alone deposit, or the first discovery in a new multi-deposit VMS “camp”. For local perspective, our geologists point out that the Flin Flon VMS camp contains roughly 90 million tons of mineable ore. The Super Zone area is about the same size as the area that contains the Flin Flon VMS camp.

We will have a drill on the ground for phase two of the Tower Zone in the next three weeks, or so. We await assays and final results from the downhole probes from phase one.

On the corporate front, we announced an agreement yesterday with Prophecy Resource Group (TSXV: PCY), who have recently acquired the Lynn Lake Nickel project from Victory Nickel. As you will see in the release (below), we are optioning our Lynn Gabbros property to Prophecy and are investing $300,000 in their
.30 private placement, to ultimately own up to 2.25 million shares of PCY. We believe owning a portion of the former mine, and the exploration properties around it, will benefit our shareholders, while we focus on our VMS deposit exploration in the Snow Lake area.

I look forward to sending you many VMS news releases in 2010, and I am very confident we will all experience a year of significant growth in shareholder value.

Best regards,

Rick Mark
CEO, VMS Ventures Inc.