VMS Ventures Updates Progress at the Reed Copper Project, Manitoba: $30 Million Invested in the Project

VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased
to update shareholders on underground mine development at the Reed copper
project near Snow Lake, Manitoba. Reed is a high grade copper deposit scheduled
to begin production in the fourth quarter of 2013. VMS Ventures owns 30% and is
carried to production. HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("Hudbay") owns
70% and is the Operator.

VMS Ventures COO Neil Richardson states: "We are particularly pleased that
Hudbay's mine development team is succeeding in the development of good ground
control systems for the early phase of development. The rate of advancement of
underground development in February was slowed due to the installation of
extensive ground support. Ground conditions in the upper portions of the mine at
Reed have been difficult, but are expected to improve at depth. Despite these
challenges, approximately 81 meters of lateral development was completed in
February."

The Reed project is forecast to remain within budget and on time to production
beginning in the fourth quarter of 2013. As of the end of February 2013, the
joint venture has invested $30 million and committed an additional $18 million.
The project development team has worked 351 days with no lost time accidents.
Capital expenditures at Reed are expected to total approximately $44 million in
2013.

The Environmental Act license application for Reed has been submitted to the
provincial government which, upon receipt, will allow for full production.
Mining at the Reed copper project is expected to begin by the fourth quarter of
2013, and is anticipated to ramp up to full production of approximately 1,300
tonnes per day by the first quarter of 2014.

2013 February Project Highlights:

The underground ramp was advanced 81 meters in February. Development was slower
than expected for the month due to the necessary installation of cable bolts and
shotcrete to deal with difficult ground conditions. A faster method of securing
areas with poor ground conditions was identified and progress of the decline is
returning to the expected rate of development. The Escape raise from surface to
the 30 meter level was completed and the vent raise started. The Shop-Warehouse
building was completed and construction of the ore pad has started.

We invite you to view the latest pictures of the development at the Reed Copper
Deposit on our website

at:
http://vmsventures.com/Projects/Manitoba-Properties/VMSHudBayJointVentures/VMS-Ventures---HudBay-Joint-Venture-Project/default.aspx

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, which is subject to a 70-30 joint venture with HudBay
Minerals and is scheduled for initial production in Q4 2013, 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 two properties in the Sudbury mining camp.
They are Terra Incognita and Black Creek.

VMS Ventures owns approximately 21M shares 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.

FOR FURTHER INFORMATION PLEASE CONTACT:
VMS Ventures Inc.
Evan Sleeman
Director
(604) 986-2020 or Toll Free: 1-866-816-0118
www.vmsventures.com

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