VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased
to announce that North American Nickel Inc. (TSX VENTURE:NAN) ("North American
Nickel" or "NAN"), issued a press release this morning announcing a new
discovery of high grade nickel and copper-cobalt-PGM mineralization at Imiak
Hill. VMS Ventures owns approximately 23.9% of NAN. The release is as follows:


"North American Nickel Inc. is pleased to announce that the deepest sulphide
intersection to date at Imiak Hill has returned high-grade nickel-copper-cobalt
assays demonstrating that the mineralization has continuity and remains open at
depth. Imiak Hill is one of three mineralized norites comprising the Imiak Hill
Conduit Complex (IHCC), which also includes the Imiak North and Spotty Hill
norites. 


The IHCC is located in the northern part of the Company's 100% owned Maniitsoq
Nickel - Copper - Cobalt and PGM project in southwest Greenland (figures 1 and
2).


IMIAK HILL

DDH MQ-13-028: at 182m down the hole:



--  Intersected 24.75m grading: 3.19% nickel, 1.14% copper, 0.11% cobalt,
    and 0.01 g/t PGM  
    --  Including: 17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and
        0.01 g/t PGM 
    --  including: 2.40m of 4.44% nickel, 1.13% copper, 0.15% cobalt and
        0.01 g/t PGM



The mineralization in MQ-13-028 corresponds to Zone 30, one of three mineralized
zones so far discovered in the Imiak Hill norite (see NAN news releases dated
August 23, September 5 and October 10, 2013 for details and Figure 3). 


As can be seen from the longitudinal section in Figure 4 and cross section in
Figure 5, the mineralization in MQ-13-028 occurs 35 to 75 meters down plunge
from previous high-grade intersections in holes MQ-13-026 (25.51m grading 3.25%
nickel, 0.48% copper and 0.11% cobalt) and MQ-13-024 (14.90m grading 2.67%
nickel, 0.39% copper and 0.09% cobalt). The Company's 2013 drilling, and
corresponding assay results, confirm that the sulphide mineralization at Imiak
Hill is high-grade, has continuity and remains open at depth. The company is
awaiting further assays from other prospects at Maniitsoq.


NAN COO, Neil Richardson, states: "Hole 28's high grade core contains similar
values to hole 26 which support our magma conduit model of high grade
nickel-copper-cobalt mineralization at Imiak Hill. We were interested to see the
much higher copper grade in hole 28, reflected in more chalcopyrite in the near
solid sulphide mineralization we reported earlier this fall. At 180 meters
vertically below surface MQ-13-028 is the deepest intersection to date at Imiak.
It has a true width of approximately 11.2 meters, and importantly, remains open
at depth." 


Richardson continues: "The 2014 drill program will focus on expanding the known
mineralized zones and exploring for additional mineralization within the IHCC.
Specifically, we will be looking for geological environments suitable for the
accumulation of large quantities of nickel-copper-cobalt sulphide
mineralization. Our main targets will be the footwall contacts of the norite
bodies, embayments along these contacts and other parts of the conduit system
where the velocity of nickel-rich norite magma may have been locally reduced.
Also, the possibility that mineralization may extend beyond the norite bodies
into the surrounding country rocks will be tested."


Details of the intersection are given in Table 1, location coordinates for
MQ-13-028 are provided in Table 2 below and a copy of the drill log is available
on the Company's website (www.northamericannickel.com). As can be seen from
Table 1, this intersection includes a 4.44 m long section of unmineralized rock,
which corresponds to a leucogabbro dyke.


To view Tables 1 and 2 please click on the following link:
http://media3.marketwire.com/docs/VMS1107.pdf


As in previous holes drilled at Imiak Hill, the mineralization in MQ-13-028 is
hosted within dark green-grey, massive, weakly magnetic norite with occasional
clasts of coarser grained norite. Drill logs and additional maps are available
on the company's website at http://www.northamericannickel.com/.


Drill core assay results are evaluated as part of a Quality Assurance and
Quality Control procedure that includes the use of multi-element, certified
standards with known precious and base metal values, blank standards and control
charts to determine accuracy and precision of analytical results. Core sample
analysis was completed by ALS Scandinavia AS of Ojebyn, Sweden. Three methods of
analysis were used to determine element concentrations in the rock samples
submitted to ALS. These were 1. A multi-element scan, subsequent to a four-acid
digestion and ICP/ICP-AES finish; 2. Au, Pt and Pd lead fire assay on a 30 gram
sample with ICP-AES finish; and 3. Samples with greater than 1.00% Ni or Cu were
re-analyzed by ICP-AES calibrated for ore grade detection limits. Samples with
greater than 0.50% S were re-analyzed by Leco furnace and infrared spectroscopy.


The Maniitsoq nickel-copper-cobalt & PGM project in southwest Greenland contains
the 75km-long Greenland Norite Belt (GNB) and is 100% owned by North American
Nickel.


Qualified Person 

All technical information in this release has been reviewed by Dr. Mark Fedikow,
P.Geo, who is the Qualified Person for the Company and President, North American
Nickel Inc."


To view Figures 1-5 please click on the following link:
http://media3.marketwire.com/docs/VMS1107b.pdf 


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 JV with HudBay Minerals and,
subject to receipt of required permits, is scheduled for 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 the Black Creek property in
the Sudbury mining camp. 


VMS Ventures owns approximately 23.9% 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 the costs, plans and schedule to develop the Reed Copper
Project, 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

Neil Richardson, COO

VMS Ventures Inc.

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.


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

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