Today’s news of our acquisition of the Reed East and Reed West claims enhances our opportunity for more discoveries in the same host rocks as our high grade copper Reed deposit. The map below shows the location of these claim blocks related to the Reed deposit.

The new properties have already been flown and the resultant VTEM data has established some interesting target areas for us to pursue. We will begin the work of defining specific drill targets this summer in preparation for this winter’s drill program.

In this fear based market we are all experiencing, VMS is now regularly seeing opportunities that can enhance shareholder value. We are systematically evaluating them with a view to doing deals. We believe the acquisition of target rich Reed East and Reed West for a share position in VMS provides discovery upside at a reasonable cost to shareholders.

We have approximately $10 million in our treasury and an outstanding technical team, so, an upside to this very negative market where money is difficult to obtain, is that it creates a wide variety of new opportunities for our team to consider.

To view the Reed East/West property page on our website, please CLICK HERE

Vancouver, B.C., June 21, 2012. VMS Ventures Inc. (TSX-V:VMS) (“VMS” or the “Company”) is pleased to announce the acquisition of a land package comprising two separate groups of claims from Mantis Mineral Corp. (“Mantis”-CNSX: MYN). The new claims cover a prospective sequence of rocks over an area of 38.70 square kilometres. The claim groups are situated immediately to the east and west of the VMS/HudBay JV/Optioned claims where mine construction on the high grade Reed Copper Deposit has begun. The claim blocks will be called Reed East & Reed West and are owned 100% by the Company.

Neil Richardson, COO states: “We are very pleased to have acquired the Reed East and Reed West ground. It covers the same volcanic rocks that host VMS’ Reed discovery, our HudBay JV and Option properties and the Morton Lake, 9-7, and Cowan River projects. Exploration work undertaken to date, includes a VTEM airborne geophysical survey over the property that has produced several targets of interest. VMS will complete its review and follow up prospective anomalies with geophysical and geochemical surveying to assist us in confirming and prioritizing drill targets. We anticipate drill testing targets on this property in the upcoming winter drill season.”

Reed East and Reed West cover the same favorable Four Mile Island volcanic rock package that hosts the Reed Copper deposit and other deposits in this part of the Flin Flon – Snow Lake Camp such as the Dickstone and Spruce Point Mines. A Geotech VTEM survey undertaken by the vendor has established target areas, so VMS considers this to be a grassroots project in a brown-field environment.

Under the terms of the Purchase Agreement, VMS will acquire the claims outright, subject to an underlying royalty agreement, for a one time issuance of 500,000 common shares of the Company. These shares will be restricted for a period of four months from the date of issuance. The Purchase Agreement remains subject to the approval of the TSX Venture Exchange.


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