VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased
to update shareholders on the progress made at the Reed mine, near Flin Flon
Manitoba during the month of January. VMS Ventures owns 30% of the project and
is carried to production. Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("Hudbay")
owns 70% and is the Operator.


During the month of January the project reached a number of milestones including: 



--  Surpassing 2600 metres of total underground project and pre-production
    development to date. 
--  689 consecutive days with no lost time accidents. 
--  Ramp advanced to the 135 metre level and pre-production development
    started.  
--  Completed the escape raise from the 85 metre level to the 110 metre
    level. 
--  Project spending to the end of January is $63 million. The project
    remains on budget and on schedule for commercial production in the
    second quarter of 2014. 



Of our $72 million estimated capital construction budget, we have invested
approximately $63 million at our 30% owned Reed project in Manitoba to December
31, 2013 and have entered into an additional $4 million in commitments. As of
January 31, 2014, project development has advanced 2,004 metres with an
additional 598 metres of pre-production development for a total 2,602 metres of
advancement.


During the fourth quarter of 2013 the mine produced 29,997 tonnes of ore at a
copper grade of 1.96% and a zinc grade of 2.72%. The majority of the 38,232
tonnes mined in 2013 were from the zinc-rich Zone 30 resulting in the production
of a zinc concentrate, which was not anticipated in the pre-feasibility study.
In December 2013, mining commenced from the first longhole production stope on
the 85 metre level. The project is on budget and on schedule and is expected to
reach commercial production by the second quarter of 2014.


The focus for February will remain on safety and continued ramp development down
to the 160 metre level. Ore development and stope production is scheduled for
zones 20 and 30 at the 110 metre level. 


Full production remains on schedule to commence in the second quarter of 2014
and within the estimated budget parameters.


Neil Richardson, VMS Ventures' COO states: "We toured the Project in January and
are pleased with the caliber of work and care the team is taking in building the
mine. The strong emphasis on safety both underground and at surface is very
apparent. We were able to see high grade copper mineralization from zone 20 on
the 110 metre level. The first stope, 85 - 30 - 1 was mined in early January and
backfilling is in progress. We look forward to continued advancement of this
project to full commercial production." 


Please visit the VMS website at
http://www.vmsventures.com/investors/photo-gallery to view a slide show of the
latest progress on the Reed Copper Project.


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 mine, which is subject to a 70-30 JV with Hudbay Minerals and reached
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 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 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.

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
1-866-816-0118
www.vmsventures.com
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