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Vancouver, B.C., January 9, 2013. VMS Ventures Inc. (TSX-V:VMS) (“VMS Ventures” or the “Company”) is pleased to report on developments at the Reed copper project near Snow Lake, Manitoba. Reed is a high grade copper deposit scheduled to begin production in the fourth quarter of 2013. VMS Ventures owns 30% and is carried to production. HudBay Minerals (TSX: HBM, NYSE: HBM) (“Hudbay”) owns 70% and is the Operator.

VMS Ventures COO Neil Richardson, states: “Important progress was made over the last quarter of 2012 with the completion of necessary infrastructure for underground development. We are particularly pleased that the Reed project has completed much of the difficult near surface phase of underground work, including the completion of approximately 72 metres of lateral development in 2012.”

 The Reed project is within the planned budget and schedule towards production in the fourth quarter of 2013. As of the end of 2012, the team worked 294 days without a lost time accident, including the critical activity on the project to ensure the decline is well supported near its entrance by installing bolts, screen, arches, spilings and shotcrete.

Hudbay and VMS Ventures have invested $19.7 million on the project to November 30, 2012 and have entered into an additional $17.8 million in commitments for the project. Capital expenditures at Reed are expected to total approximately $44 million in 2013.

The Environmental Act license application for Reed has been submitted to the provincial government. Mining at the Reed Copper Project is expected to begin by the fourth quarter of 2013, and is anticipated to ramp up to full production of approximately 1,300 tonnes per day by the first quarter of 2014.

 2012 Q4 Project Highlights:

The ramp had advanced 72 metres and the shop and warehouse was 75% complete with the steel siding in progress. The mine rescue trailer was set-up and training is continuing. The winterization is on-going and site preparation is now complete for the development of the escape and ventilation raises. The ramp is expected to progress at a rate of 4 metres of advance per day for the remainder of the project.

We invite you to view the latest pictures of the development at the Reed Copper Deposit on our website at: http://vmsventures.com/Projects/Manitoba-Properties/VMSHudBayJointVentures/VMS-Ventures—HudBay-Joint-Venture-Project/default.aspx.

Summary of the Reed Mine’s Economic Assessment

• Initial production at Reed is expected by Q 4 – 2013 and will ramp up to full production of approximately 1,300 tonnes per day by Q1 – 2014.
• Average expected reserve ore grades of 3.83% copper, 0.48 g/t gold and 6.02 g/t silver, slightly better than PEA due to the exclusion of the inferred resources in the pre-feasibility study.
• Assumed metal recoveries in HudBay’s Flin Flon Concentrator of 94% copper, 58% gold and 62% silver.
• Average production in concentrate of approximately 17,000 tonnes per year of copper metal.
• Total operating costs estimated to average approximately $90 per tonne milled ($67 per tonne mining, $16 per tonne milling and $7 per tonne administration) over a five year mine life.
• Sustaining capital expenditures are expected to total approximately $52 million over the five year mine life.
• Pre-Feasibility pre-tax NPV (8%) of $57.4 million using weighted average metal prices of US$2.95/lb. for copper, US$1,269.09/oz. for gold and US$24.78/oz. for silver.

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Here is another interesting Canadian gold penny stock to keep an eye out. This is a junior Canadian mining company that is drilling one of Barrick gold’s (world’s largest gold producer) projects. The company is called Central Iron Ore they trade under CIO on the TSX. They are drilling Barricks high grade gold project. They are trading between .05 – .06 right now which is a nice entry point for new investors. They currently have 1.3 million in the bank and assays should be out in 4-8 weeks.

See full press release below

Disclaimer: All information published herein is gathered from sources which are thought to be reliable, but the reader should not assume that the information is official or final. The writer does not assume responsibility for errors, and all information is subject to change without notice.
The sender is NOT a United States or Canadian Securities Dealer or Broker or Investment Adviser. The sender is a Consultant and makes no warranties or representations to the Buyer, the Seller or the transaction. All due diligence is the responsibility of the Buyer and Seller. This E-mail and the attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents, the recipient hereby acknowledges this disclaimer.

NAN has announced the preliminary results of their latest drill campaign. The assays are not yet complete however the preliminary results look promising

• 5 Drill Holes Intersect Disseminated Nickel Copper Sulphide Mineralization
• Geologists Confirm Two Styles of Sulphide Mineralization(quotes below from News)
• “All five holes intersected disseminated nickel copper sulphide mineralization at depths of 2 to 52 meters below surface.”
• “The recognition of this bulk mineable nickel copper mineralization”

See the newsletter attached below

 North American Nickel Confirms Two Styles of Sulphide Mineralization at its Maniitsoq Ni-Cu-PGE Project, Southwest Greenland

 Vancouver, B.C. – October 3, 2012. North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) North American Nickel (“NAN”) is pleased to announce that the preliminary results from its first drill campaign at the 100% owned Maniitsoq project in Southwest Greenland indicate the property has the potential to host not only high-grade, semi-massive to massive sulphide type nickel copper deposits, but disseminated, bulk mineable nickel copper deposits, as well.

 Historically, nickel exploration at Maniitsoq has focused mainly on massive sulphide type mineralization. Two of NAN’s 2012 drill holes (MQ-12-001 and 002) intersected semi-massive to massive sulphide mineralization in noritic rocks at the known Imiak Hill occurrence in the northern part of the Greenland Norite belt. This style of mineralization responds well to electromagnetic (EM) techniques and the results of bore hole EM (BHEM) surveys indicate that the mineralization is open down plunge, as described in a NAN press release dated September 6, 2012.

 Importantly, significant amounts of disseminated, bulk mineable nickel copper style sulphide mineralization were encountered in two of NAN’s 2012 holes located approximately 1.25 km east of Imiak Hill at an occurrence known as Spotty Hill.

 Historical drilling at Spotty Hill consisted of five closely spaced holes, 32.8 to 59.8 m in length, drilled within a 120 x 40 meter area. All five holes intersected disseminated nickel copper sulphide mineralization at depths of 2 to 52 meters below surface. NAN’s drill holes were spaced 80 meters apart and went deeper. In hole MQ-12-05, NAN intersected disseminated mineralization over a core length of 118.8 meters to a depth of 130 meters below surface, significantly increasing the known depth extent of the mineralization.

 NAN Chief Geologist, John Pattison, states: “Once we saw the disseminated, bulk mineable nickel copper style mineralization in core, it provided us with a new understanding of what is possible within this camp-sized land package. Fortunately, two of our geologists, Neil Richardson and Mark Fedikow were at the Maniitsoq camp and we still had time to identify and visit several potential sites for this style of mineralization before the season ended. The recognition of this bulk mineable nickel copper mineralization provides us with a wider scope for discovery and, it appears, many additional targets for our 2013 program.”

 In the press release dated September 20, 2012, NAN announced the drill program at Maniitsoq totalled 1,550 meters of diamond drilling in nine holes. (See Figure 1 for locations of areas drilled). A total of 531 core samples have been submitted to Activation Laboratories for analysis and results are pending.

 The program was originally planned to include 10 holes totalling up to 2,000 meters. This was based on an average hole length of 200 meters. Several drill holes intersected the target well above 150 meters, so it was not necessary to take them to 200 meters. Also, two targets in the southern part of the property were not drilled as the cost of moving the drill such a long distance, so late in the season with deteriorating weather, could have driven costs up to an unacceptable level. It was decided to leave these targets for next season’s drilling.

For previous press releases and more information on NAN and the Maniitsoq project please visit the company website at www.northamericannickel.com.

Qualified Person

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and President of North American Nickel Inc.

About North American Nickel

 North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX.V: VMS) owns approximately 27M shares of NAN.

 The Maniitsoq property in Greenland is a district scale project. It comprises a 4,983 square km mineral exploration licence covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions. The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is ice free year round.

 The Post Creek/Halycon property in Sudbury is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX Mining. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

 The WIC is situated 13 km southeast of Sudbury and 1 km south of Trans-Canada Highway 17 at Wanapitei. It is an elongate 5.6 km by 2.4 km layered mafic intrusion trending northeast-southwest that comprises nickel-copper-PGE mineralized gabbro-norite and a gabbro “Injection Breccia Zone”.

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For anyone who has not been following this story NAN owns a property in Greenland that is the site of one of the oldest meteor strike known on earth. Meteor strikes are known to be rich in metals for a number of reasons (discussed in previous posts). NAN is in the exploration phase of this project and this is the latest update. To put it simply

• 531 samples were taken (quite a lot of samples!)
• The management is already planning more drilling for 2013 which suggests further development of the project
• In 4-8 weeks the results of the drilling will be in. If the results are positive the market may respond favorably

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 20, 2012) -North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB:WSCRF)(CUSIP: 65704T 108) North American Nickel (“NAN”) is pleased to report that it has completed its first drill campaign at its 100% owned Maniitsoq project. Drilling commenced on August 26 and was completed on September 16. Nine diamond drill holes totalling 1,550 metres were drilled.

All nine holes have been logged and all mineralized intersections have been sampled. A total of 531 samples have been collected for assay. The samples are now on their way to Activation Laboratories for analysis and results are expected in four to eight weeks.

The holes tested electromagnetic (EM) anomalies associated with noritic rocks and nickel sulphide showings. The anomalies were outlined by SkyTEM and VTEM helicopter-borne, time domain, EM surveys flown by the company in 2011 and 2012. Crone Geophysics Ltd of Mississauga, Ontario surveyed eight of the holes with their 3-component borehole pulse EM (BHEM) system. Preliminary analysis has been completed and final analysis will be done before assay results are received.

Results from the drilling and BHEM surveys will be merged with the Company’s existing exploration database which will allow the NAN geological team to finalize its plans for the 2013 drill season at Maniitsoq.

The NAN website has been updated and shareholders are invited to visit the website for previous press releases and more information on NAN and the Maniitsoq project. The Company website is www.northamericannickel.com.

Qualified Person

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and President and Chief Operating Officer, North American Nickel Inc.

About North American Nickel

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX VENTURE:VMS) owns approximately 27M shares of NAN.

The Maniitsoq property in Greenland is a district scale project. It comprises a 4,983 square km mineral exploration licence covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions. The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is ice free year round.

The Post Creek/Halycon property in Sudbury is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX Mining. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

The WIC is situated 13 km southeast of Sudbury and 1 km south of Trans Canada Highway 17 at Wanapitei. It is an elongate 5.6 km by 2.4 km layered mafic intrusion trending northeast-southwest that comprises nickel-copper-PGE mineralized gabbro-norite and a gabbro “Injection Breccia Zone”.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term defined in the Private Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from the expected results.

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

Here is anther news release from NAN which is a story we have been following for some time now. The news release is attached below the video. The video is very informative and will help you learn more about the project and the company

North American Nickel Commences Drilling of Nickel-Copper Targets at its Maniitsoq Project, Southwest Greenland

Vancouver, B.C. – August 29, 2012. North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) North American Nickel (“NAN”) is pleased to announce that diamond drilling of select priority targets has commenced on its 100% owned Maniitsoq project. The drilling follows on the heels of a field examination program, which included ground proofing geophysical conductive zones, identified from helicopter-borne time domain EM surveys completed by NAN in 2011 and 2012. The drill program now underway is planned to include a minimum of 10 holes totalling 2,000 meters of drilling.

A total of 75 conductive zones have been identified by two EM airborne geophysical surveys completed over the past two years on the property. From the 75 anomalies of interest and subsequent to 3D modeling and field examination, a select number of targets have been chosen for drilling.

President Dr. Mark Fedikow states: “Our technical team has done an excellent job of evaluation and compilation of historical work on the property, designing and commissioning our two airborne geophysical programs, helicopter-supported field work and integration of all datasets leading up to the drilling. We have identified numerous high potential drill targets for follow-up with our first drilling program.”

MANIITSOQ PROJECT BACKGROUND

The Maniitsoq area has seen relatively little exploration activity given the abundance of high grade nickel sulphide occurrences. Most of the nickel at Maniitsoq is associated with noritic intrusions that are concentrated in (but not restricted to) a belt that is over 70 km long and up to 15 km wide, referred to as the Greenland Norite Belt (GNB). Historical exploration records indicate drilling for nickel mineralization dates back to a period between 1965 and 1972 when 119 shallow drill holes were reported. The holes tested exposed sulphide mineralization and shallow electromagnetic (EM) anomalies directly associated with outcropping mineralization. All but a few were drilled to very shallow depths using small portable Winkie drills. The average hole length was just 53 meters.

Nevertheless, numerous significant intersections included:

- Imiak Hill: 9.85 meters @ 2.67% Ni, 0.60% Cu,

- Fossilik: 12.89 meters @ 2.24% Ni, 0.63% Cu, and

- Quagssuk: 4.95 meters @ 1.97% Ni, 0.43% Cu.

In 1995 Cominco Ltd, in conjunction with the Geological Survey of Denmark and Greenland (GEUS), flew a large portion of the GNB with a GeoTEM fixed wing, airborne EM system. Relatively few EM anomalies were detected. A review of this airborne survey data revealed that much of the survey was flown well above the minimum effective height needed to gather useful data and, therefore, detected few anomalies. Follow-up prospecting and limited surface geophysical surveys by Cominco in 1995 and 1996 and by Falconbridge Limited in 2000 did not lead to any drilling. Re-sampling of the drill core and surface showings by both Cominco and Falconbridge did, however, confirm the generally high nickel tenor of the sulphides (recalculated to approximately 8% nickel in 100% sulphide in the case of Falconbridge’s work).

NAN acquired the project because it believes the area has the potential to host a major new nickel mining camp. By using modern, time-domain, helicopter-borne EM systems, exploration will be more effective at detecting nickel sulphide deposits in the rugged terrain at Maniitsoq than the fixed wing survey flown in 1995. Helicopter TDEM systems were not available in 1995 and their availability and improved sensitivity to buried and blind nickel deposits provides NAN with a significant advantage over previous explorers.

For previous press releases and more information on NAN and the Maniitsoq project please visit the company website at www.northamericannickel.com.

Qualified Person

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and President and Chief Operating Officer, North American Nickel Inc.

About North American Nickel

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX.V: VMS) owns 26M shares of NAN.

The Maniitsoq property in Greenland is a district scale project. It comprises a 4,983 square km mineral exploration licence covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions. The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is ice free year round.

The Post Creek/Halycon property in Sudbury is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX Mining. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

The Company has 100% ownership in the high-grade Ni-Cu-PGE South Bay property near Thompson, Manitoba and the large grassroots Thompson North and Cedar Lake properties, which are part of the world-class Thompson Nickel Belt in Manitoba.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term defined in the Private Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from the expected results.

For more information contact:

North American Nickel Inc.

Dr. Mark Fedikow, P.Geo.

President & Chief Operating Officer

604-986-2020

Toll free: 1-866-816-0118

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VMS and Hudbay will be two stocks to watch moving forwards as they are in partnership with a new copper mine in Manitoba, for further details review the news release attached below

VMS Ventures Inc. and Hudbay Break Ground at New Copper Mine in Manitoba

 Vancouver, B.C., 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-Details/2007/1050Metresof1119CopperWithin4305Metresof438CopperinDrillHole2atVMSVenturesReedLakePropertySnowLakeManitoba/default.aspx) .

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 onwww.hudbayminerals.com.

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.

North American Nickel has begun field examination and drilling should begin soon. If you have not been following this story I will fill you in quickly. Recently they discovered the oldest meteor impact site known on earth. Meteor impact sites are typically very good areas for mining metals because the impact either melts the earth around and leaves a lot of metal near the surface, or it forces metals to the top by pushing everything else down. NAN just needs to do some testing first which is about to start.

NAN was featured in the global mining newspaper The Northern Miner. You can read the full article here

The full news release is below

Contact: Dr. Mark Fedikow, P.Geo.
Company Name: North American Nickel Inc.
Contact Title: President & Chief Operating Officer
Phone: 604-986-2020 or Toll free: 1-866-816-0118
Other1: www.northamericannickel.com

Technorati Tags: nickel penny stock

Please find the latest news, a link below and information attached on the Earth’s Oldest “Nickel Bearing” Impact Crater Discovery and its connection to North American Nickel (NAN.V).

Some investors are saying the Maniitsoq Crater may be another Sudbury Nickel Crater or a Voisey Bay type Nickel Discovery, which was huge news in 1995-2002.

These natural impact craters are the result of a hypervelocity impact of an asteroid or comet with a planetary surface. The sudden impact creates an extraordinary geological process involving vast amounts of energy, and extreme strain rates, causing immediate rises in temperature and pressure that produce fracturing, disruption and structural redistribution of materials and metals.

In Sudbury, the Sudbury Formation is a 1.85 billion year old meteorite impact crater, with the first mineral discoveries made in 1883.

To date, the Sudbury mining area has produced approximately 1.7 billion tonnes of ore, containing 40 billion pounds of nickel, 36 billion pounds of copper, 70 million ounces of platinum, palladium and gold and as well, 283 million ounces of silver.

Below are some interesting articles for you to read up on with more information about the newest discovery.

http://www.universetoday.com/96047/oldest-impact-crater-on-earth-discovered-in-greenland/

http://www.canadianminingjournal.com/press-releases/story.aspx?id=1001531391

We also have two news releases from the company with maps and more information about the company.

 http://canadianpennystocks.ca/wp-content/uploads/2012/07/NAN.V-Map-for-News-July-24-2012.pdf

http://canadianpennystocks.ca/wp-content/uploads/2012/07/NAN.V-July-Overview.pdf

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Dear North American Nickel Followers:

The announcement today relates to a significant scientific discovery on our Maniitsoq Ni-Cu-PGE project in Southwest Greenland. A team of European scientists have announced and published proof that our property is home to a major ancient meteor impact site and also that it is the oldest impact site yet discovered on the planet.

The news of the scientific discovery is getting a lot of press coverage and NAN is being introduced to a much wider audience as a result. One such article is accessible by the following link:

http://www.canada.com/news/national/Ancient+Greenland+crater+find+good+news+Canadian+nickel+miner/6890084/story.html

The work that these scientists have now published is exciting news and places an enormous and unique geological event right in the middle of our area of exploration.

The Maniitsoq project is situated in southwest Greenland and North American Nickel is currently conducting a 3,000 line-kilometer helicopter-borne electromagnetic survey over the GNB.  Priority geophysical anomalies identified by the survey will be drilled later in the summer.

VMS ACQUIRES LARGE LAND PACKAGE ADJACENT TO THE REED COPPER MINE PROPERTY, SNOW LAKE MANITOBA

Vancouver, B.C., June 21, 2012. VMS Ventures Inc. (TSX-V:VMS) (“VMS” or the “Company”) is pleased to announce the acquisition of a land package comprising two separate groups of claims from Mantis Mineral Corp. (“Mantis”-CNSX: MYN). The new claims cover a prospective sequence of rocks over an area of 38.70 square kilometres. The claim groups are situated immediately to the east and west of the VMS/HudBay JV/Optioned claims where mine construction on the high grade Reed Copper Deposit has begun. The claim blocks will be called Reed East & Reed West and are owned 100% by the Company.

Neil Richardson, COO states: “We are very pleased to have acquired the Reed East and Reed West ground. It covers the same volcanic rocks that host VMS’ Reed discovery, our HudBay JV and Option properties and the Morton Lake, 9-7, and Cowan River projects. Exploration work undertaken to date, includes a VTEM airborne geophysical survey over the property that has produced several targets of interest. VMS will complete its review and follow up prospective anomalies with geophysical and geochemical surveying to assist us in confirming and prioritizing drill targets. We anticipate drill testing targets on this property in the upcoming winter drill season.”

 Reed East and Reed West cover the same favorable Four Mile Island volcanic rock package that hosts the Reed Copper deposit and other deposits in this part of the Flin Flon – Snow Lake Camp such as the Dickstone and Spruce Point Mines. A Geotech VTEM survey undertaken by the vendor has established target areas, so VMS considers this to be a grassroots project in a brown-field environment.

 Under the terms of the Purchase Agreement, VMS will acquire the claims outright, subject to an underlying royalty agreement, for a one time issuance of 500,000 common shares of the Company. These shares will be restricted for a period of four months from the date of issuance. The Purchase Agreement remains subject to the approval of the TSX Venture Exchange.

2011/2012 Winter Drill Results:

 This past year’s limited winter drill season was unsuccessful in the discovery of new base or precious metals mineralization. During the winter, VMS completed nine diamond drill holes, and one hole was abandoned due to ground conditions, for a total of 3282 metres.

 Four holes were completed and one hole abandoned at our Morton Lake project for 1185 metres with all holes explaining EM anomalies with sulphides and graphitic schists.

 Two holes were completed at the Puella Bay project for a total of 957 metres, with neither hole intersecting the EM plates. Borehole pulse electromagnetic surveys were completed and off-hole anomalies detected. These targets will be followed-up in a future drill program.

 Three holes were completed at the Cowan River project, with one hole drilled at depth on the Cowan River zone, for a total of 1140 metres. All holes intersected pyrrhotite mineralization explaining the EM anomalies with no appreciable base metals.

 Target anomalies not able to be drill tested this past drill season will be tested this winter, along with new targets being developed, including Reed East and Reed West.

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.

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