VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to announce it
has entered into an agreement with Prophecy Resource Corp. (TSX VENTURE:PCY)
whereby Prophecy has been granted the option to earn a 100% interest in the Lynn
Gabbros property, located in Manitoba, Canada near Prophecy's recently acquired
Lynn Lake Nickel-Copper project.


The Lynn Lake Nickel Camp is located in northern Manitoba, about 320 km by road
access, northwest of the Thompson mining camp. Historically, Lynn Lake is the
third largest nickel producing region in Canada. Sherritt Gordon Mines Ltd.
mined the Lynn Lake nickel-copper deposits from 1953-1976. The Main and EL
gabbro plugs produced 20,151,146 tonnes of ore at an average grade of 1.023%
nickel and 0.535% copper from two mines over the 24-year period. 


Prophecy currently has the option to earn a 100% interest in the Main Gabbroic
Plug from Victory Nickel. According to a Technical Report dated December 5, 2007
prepared by Wardrop Engineering for Independent Nickel Inc., the Main Plug
contains a National Instrument 43-101 compliant, Measured and Indicated resource
of 17 million tonnes with an average grade of 0.62% nickel and 0.31% copper.
(This Technical Report can be accessed under Independent Nickel's filing at
www.sedar.com.) By acquiring the Lynn Gabbros claims, which include five gabbro
plugs, from VMS, Prophecy now has six of the seven known gabbro plugs in the
Lynn Lake area and is now the dominant player in terms of land size and resource
base in the Lynn Lake Nickel camp. A map of the gabbros identified at Lynn Lake
can be accessed at www.prophecyresource.com.


Under the agreement, in order to acquire a 100% interest in the VMS Lynn Gabbros
property, subject to a 3% NSR, Prophecy will issue 750,000 of its common shares
to VMS Ventures. Prophecy will also reimburse VMS Ventures up to $100,000 to
satisfy certain work obligations to be performed by VMS prior to the title
transfer by June 1, 2010.


Separately, VMS Ventures Inc. has agreed to make a strategic investment in
Prophecy totaling $300,000 by subscribing to 1 million units under the same
terms the Prophecy private placement announced December 9, 2009. On a partially
diluted basis, VMS Ventures would own approximately 8% of Prophecy. 


Rick Mark, Chairman and CEO of VMS Ventures states: "Prophecy's commitment to
exploring and developing the Lynn Lake Mine and surrounding area has impressed
our Board. We believe the opportunity to own a significant percentage of the
complete Lynn Lake play through our option agreement and investment will produce
benefits to VMS shareholders in the near and longer term. We have worked with
John Lee in the past and feel Prophecy has the best chance to make the Lynn Lake
mine and the surrounding properties a business success."


John Lee, Chairman of Prophecy states: "Lynn Lake fits perfectly with our
business strategy of acquiring advanced mineral assets to provide Prophecy
investors financial leverage on rising metal prices. Prophecy is very pleased to
acquire and consolidate this premier Lynn Lake Nickel Camp, where we intend to
conduct an extensive exploration program in 2010."


All technical information in this release has been reviewed by Dr. Mark Fedikow,
P.Geo, who is the Qualified Person for the Company and Vice President of
Exploration and Technical Services, VMS Ventures Inc. 


VMS Ventures Inc. currently has a profile on Corebox.net which is updated as
soon as assay results are released. The link to visit our Corebox profile is:
http://www.corebox.net/properties/reed_lake/.


Investors are invited to visit the VMS Ventures IR Hub at
http://www.agoracom.com/IR/VMSVentures where they can post questions and receive
answers or review questions and answers already posted by other investors.
Alternatively, investors are able to e-mail all questions and correspondence to
VMS@agoracom.com where they can also request to be added to the investor e-mail
list to receive all future press releases and updates in real time.


VMS Ventures Inc. is focused primarily on acquiring, exploring and developing
copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also
holds the largest land package considered prospective for nickel-copper
mineralization at Lynn Lake, which is to date Canada's third largest nickel
producing camp. The Company's project portfolio consists of the Snow Lake VMS
project, the Lynn Lake Gabbros nickel-copper project, the Nickel Belt project
and the South Bay nickel-copper-cobalt PGE property. All VMS Ventures Inc.
properties are located in the mining friendly province of Manitoba, Canada.


ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal B.Sc., President & Director

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