Dear VMS followers,

This morning’s release (below) is very good news for VMS shareholders.

In any mine’s development, permitting is very important to investor confidence in timeline projections to production. This last permit, announced today, gives HudBay the go ahead to begin site development and allows them to extract a 10,000 tonne bulk sample from the Reed high grade copper deposit.

With production at Reed in sight, we all need to be watching the price of copper closely, so we will be keeping you in touch with various industry comments and perspectives on the copper price going forward.

At this point we are bullish. I think it is safe to say that the easy (cheap) copper in the world has been discovered and mined and that the very large deposits are getting to the point where the copper grade is diminishing and the mining costs are escalating. This is a factor too often overlooked in the “China must grow quickly to assure a higher copper price” conversation.

To further consider Reed’s value, I’m including a key page from our new corporate presentation titled “Explorer to Producer (on the home page of our website: www.vmsventures.com ), where we look at the valuation statement from HudBay’s PEA and extrapolate it using higher copper prices. Copper has been trading at or about, $3.78 for the last week and has hit 3.86 as I write this piece today.

As always, your feedback is welcome.

Best Regards,

Rick Mark
CEO
VMS Ventures Inc.


Slide 9 from VMS Presentation, January 2012:

VMS owns ~45% of North American Nickel.

VMS VENTURES PROVIDES PERMIT UPDATE AT THE REED COPPER DEPOSIT NEAR SNOW LAKE, MANITOBA

Vancouver, B.C., January 26, 2012 - VMS Ventures Inc. (VMS: TSX-V) (“VMS”) is pleased to announce an update on permits at the Reed Copper deposit. The Reed Copper deposit is located 120 kilometres from Flin Flon, Manitoba and is the subject of a Joint Venture with HudBay Minerals (TSX, NYSE: HBM) (“HudBay”). VMS owns 30% of the Reed Joint Venture.

The Manitoba government has approved the Reed Copper Advanced Exploration Permit (“AEP”) closure plan and issued the lease of park land property for the operation of the mine development activities. The AEP allows the extraction of a 10,000 tonne bulk sample and will provide confirmation of the mineralized widths, metal grades and the conditions of the ground. Testing of the extracted bulk sample will be done in the Flin Flon metallurgical complex. Site preparation will begin in Q1 and the decline will commence in the second half of 2012.

VMS CEO, Rick Mark states: “Now that the AEP has been approved, HudBay will commence site preparation for the removal of a 10,000 tonne bulk sample by late 2013. For VMS shareholders, this is an important milestone in developing the Reed Mine and bringing us ever closer to full production at Reed.” CLICK HERE TO READ MORE