VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to announce that it plans
to raise up to $2,000,000 through the offer and sale of 4,444,444 flow-through
shares ("Flow-Through Shares") of VMS (the "Offering"). The Flow-Through Shares
shall be offered at a price of $0.45 per share. 


The closing of the Offering is expected to occur on, or about, February 22, 2012
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, 2012. 


The Company may pay finder's fees in accordance with the policies of the TSXV in
connection with the placement.


The funds are intended to be used to explore and advance VMS's 100%-owned
mineral properties in Manitoba, Canada.


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, 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 45% of North American Nickel Inc. (TSX
VENTURE:NAN). For more information on North American Nickel Inc., please visit
www.northamericannickel.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.


ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, B.Sc., President 

VMS Ventures Inc.
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