VMS Ventures Inc. (TSX VENTURE: VMS) (the "Company") announced in its March 4, 2010 news release that "it had entered into a non-binding Letter of Intent with a subsidiary of HudBay Minerals Inc. (TSX: HBM) ("HudBay") respecting VMS' Reed Lake Discovery Zone, the copper-rich Reed Lake property claims optioned from HudBay, the two southern claims adjoining the Reed Lake property and certain exploration properties adjacent to the Reed Lake property, that are 100% held by VMS. These properties are all located in Manitoba's Flin Flon Greenstone belt near Snow Lake."

The March 4, 2010 press release contemplated that definitive agreements would be completed by May 31, 2010. While this target has not been achieved, the parties are making good progress and VMS anticipates that definitive agreements will be completed before June 18, 2010.

VMS Ventures CEO Rick Mark states: "We are pleased with the progress both companies have made to this point and believe the most time consuming tasks are behind us. Despite the number of agreements involved, and the complexity of the mining and milling arrangements, both companies are confident the June 18, 2010 target for completion is achievable."

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 Project, 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. 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

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

Contacts: VMS Ventures Inc. Keith Patey Director of Communications (604) 986-2020 or Toll Free: 1-866-816-0118 (604) 986-2021 (FAX) www.vmsventures.com Coal Harbor Communications Dale Paruk (604) 662-4505 or Toll Free: 1-877-345-3399

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