VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to announce the
Prefeasibility Study of the Reed Lake polymetallic deposit near Snow Lake,
Manitoba with Joint Venture partner Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM) is
available for viewing on www.sedar.com. 




Reed Copper Deposit Mineral Reserves(1) - March 30, 2012
Category              Tonnes    Au (g/t)    Ag (g/t)      Cu (%)      Zn (%)
Probable           2,157,000       0.48        6.02        3.83        0.59
(1)Shown as 100% of the mineral reserves; VMS has a 30% interest in the 
   Reed Copper project joint venture



The pre-feasibility study prepared by Hudbay and Stantec in respect of the Reed
deposit demonstrates that the indicated resources can be converted to reserves
and economically viable for extraction by long-hole open stoping at a rate of
1300 TPD. 


Reed Copper Project Assumptions and Qualifications

Production at Reed is scheduled to begin at the 260 metre level from Zones 10
and 20 and in Zone 30 from the 135 metre level. Mining is expected to finish in
Zone 30 from the 85 metre level, in Zone 20 from the 110 metre level and in Zone
10 on the 285 metre level.


Run of mine ore will be transported by truck directly to Flin Flon where it will
be crushed to less than 150 millimeters. The Reed ore will be batched
independently through the Flin Flon concentrator with assumed metal recoveries
of 94% copper, 58% gold and 62% silver producing a copper concentrate.


Access to the underground mineral resources will be via a trench, portal and
decline located near the center of the surface site. The decline will be
excavated 6 metres wide and 5 metres high to a depth of 510 metres from surface
and be able to accommodate a 60 tonne truck. Ore and development waste will be
hauled to surface via the decline. Each mining level, spaced 25 metres
vertically, will be accessed from the decline and will be 5.5 metres wide by 4.5
metres high to accommodate a 10 yard load, haul and dump scooptram.


The project will be powered by diesel generators and power distributed to
surface buildings and underground.


Stantec provided capital estimates for: surface infrastructure, underground
dewatering, indirect costs (contractor, construction management). Hudbay
provided capital estimates for underground development and construction, mine
equipment, all other indirect costs, operating costs, sustaining capital,
production schedule and metal price forecast.


Qualified Person 

Neil W. Richardson, P.Geo, Chief Operating Officer of VMS Ventures Inc., a
Qualified Person in accordance of Canadian Regulatory requirements as set out in
NI 43-101, is responsible for the information in this release.


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
properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and
Black Creek. 


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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