NOT FOR DISSEMINATION IN THE USA

VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to announce that it has
entered into an agreement with Cormark Securities Inc. ("Cormark"), under which
Cormark has agreed to act, on a best efforts basis, as agent in the offer and
sale of 6,667,000 flow through shares ("Flow-Through Shares") of VMS (the
"Offering"). The Flow-Through Shares shall be offered at a price of $0.75 per
share for aggregate gross proceeds of approximately $5.0 million. 


The closing of the Offering is expected to occur on or about February 8, 2011
and is subject to the completion of formal documentation and receipt of
regulatory approval, including the approval of the TSXV.


The proceeds of the financing will be used to incur eligible Canadian
Exploration Expenses, as defined under the Income Tax Act (Canada), that will be
renounced in favour of the purchasers with an effective date of no later than
December 31, 2011. The funds are intended to be used to explore and advance VMS'
mineral properties in Manitoba and Ontario.


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 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. These properties are located in the mining
friendly province of Manitoba, Canada. The Company also has optioned three base
metal properties in the Sudbury mining camp. They are Terra Incognita, Golden
Pine and Black Creek. 


Forward Looking Statements

Some statements in this press release contain forward-looking information. These
statements include, but are not limited to, statements with respect to the
entering into of agreements, the closing of transactions and the expenditure of
funds. These statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements to be materially different from
any future results, performance or achievements expressed or implied by the
statements. Such factors include, among others, the timing of transactions, the
ability to fulfill certain conditions, the ability to raise funds and the timing
and amount of expenditures.


ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, CEO

VMS Ventures Inc.
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