Today’s release details the limited results our JV partner Hudbay Minerals was able to achieve at Reed and Reed North in a too warm winter in the Snow Lake area of Manitoba.

As well, in Neil’s quote in the release, he points out that it is full speed ahead at the Reed copper deposit. We will provide regular updates of the mine development as it progresses towards full production in Q4, 2013.

I’m particularly disappointed that we were not able to get the key drill hole down to the depths required to effectively test the down plunge extent of Zone 10 at the Reed deposit itself, and, that only two of four planned holes at Reed North were completed. The short, high grade zinc intercept in Hole RLE031 (1.12 meters of 12.63% zinc) was encouraging. We await additional borehole geophysical information to consider next steps.

Options for summer work and next winter’s drilling at Reed and Reed North will be discussed with Hudbay this spring.

REED COPPER PROJECT AND REED NORTH AREA EXPLORATION UPDATE, SNOW LAKE, MANITOBA

Vancouver, B.C., April 24, 2012 - VMS Ventures Inc. (TSX-V:VMS) (“VMS”) announces results from the 2012 winter drilling program at the “Reed Copper project”  and “Reed North”.  The operator of the projects is Hudbay Minerals Inc. (TSX, NYSE:HBM) (“Hudbay”).

At the Reed Copper project, one hole was completed and one hole was abandoned due to deteriorating ice conditions. A total of 1,632 metres were drilled.  Near the Reed Copper deposit, hole RLE030 was drilled to a depth of 725 metres testing a Time-Domain Electromagnetic anomaly. In the Reed North area, two holes were completed and two other holes were abandoned. A total of 1,475 metres were drilled at Reed North.

Site preparation is now on-going for the underground development of the Reed Copper project. Trenching for the portal entrance has begun, an office trailer has been mobilized to the site and other surface infrastructure has been established.

Neil Richardson, VMS’ Chief Operating Officer states: “We were disappointed to lose the initial hole testing for the down plunge extension of copper rich Zone 10 at Reed, so we will have to wait until next winter to determine the presence of mineralization between the 500 and 800 metre levels.. Drilling of the Reed North area continues to show interesting intersections, but no significant lenses have been discovered to date. The trenching of the portal entrance at Reed has begun and represents the first milestone in bringing this deposit to commercial production.”  

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