VMS Ventures Inc.
TSX VENTURE : VMS

VMS Ventures Inc.

June 18, 2010 19:00 ET

VMS Ventures Inc. and Hudbay Exploration and Development Limited Agree to Extend the Terms of Their Reed Lake Option Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2010) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to announce that the Company and its option partner Hudbay Exploration and Development Limited have agreed to extend their June 20, 2007 agreement on claims P5030E and CB5503. These claims, near Snow Lake, Manitoba have been the focus of attention over the last two years due to VMS' discovery of what has come to be known as the Reed Lake deposit. The extension is for one month and VMS now has until July 20, 2010 to exercise its option on the property. The companies are continuing to negotiate a joint venture agreement in respect of the Reed Lake property.

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. All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal B.Sc., President & Director

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.

Contact Information

  • VMS Ventures Inc.
    Keith Patey
    Director of Communications
    (604) 986-2020 or Toll Free: 1-866-816-0118
    (604) 986-2021 (FAX)
    www.vmsventures.com
    or
    Coal Harbor Communications
    Dale Paruk
    (604) 662-4505 or Toll Free: 1-877-345-3399