VMS's Reed Lake has 2.55 Mt of 4.52% Cu indicated
Ticker Symbol: C:VMS

VMS's Reed Lake has 2.55 Mt of 4.52% Cu indicated

VMS Ventures Inc (C:VMS)
Shares Issued 123,123,955
Last Close 5/12/2011 $0.53
Friday May 13 2011 - News Release

Mr. Rick Mark reports

VMS FILES NI 43-101 MINERAL RESOURCE FOR THE REED LAKE DEPOSIT AT 2.55 MILLION TONNES @ 4.52% COPPER IN THE INDICATED CATEGORY

VMS Ventures Inc. has filed on SEDAR the National Instrument 43-101 Technical Report of the Reed Lake polymetallic deposit near Snow Lake, Manitoba with Joint Venture partner HudBay Minerals Inc. (TSX: HBM)(NYSE: HBM). The report entitled "Technical Report, Reed Deposit, Central Manitoba, Canada" was prepared by Mr. Trevor Allen, P.Geo and Robert Carter, P. Eng, Qualified Persons under NI 43-101, on behalf of HudBay Minerals Inc. The Reed Lake deposit report is available for viewing on www.sedar.com.

The Mineral Resource Statement prepared by HudBay Minerals Inc. of the Reed Lake deposit is presented below.

Reed Copper Project (1-5)





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              Mineral Resource                      Contained Metal

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                        Au     Ag   Cu   Zn    Au     Ag

Category     Tonnes   (g/t)  (g/t)  (%)  (%)   oz     oz    Cu lbs   Zn lbs

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Indicated 2,550,000   0.64   7.86 4.52 0.91 52469 644382 253572000 51051000

Inferred    170,000   0.38   4.55 4.26 0.52  2077  24868  15932400  1944800

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Notes:

1.  CIM definitions were followed for the estimation of mineral resources.

    Drilling was included up to February 2011.

2.  Mineral resources are estimated at a CUEQ cut-off of 1.5% (CUEQ% equals

    Cu% + Zn% x 0.211 + Au g/t x 0.359 + Ag g/t x 0.006) and a minimum two

    metre core length.

3.  Long term $US metal prices of $900/oz gold, $15.00/oz silver, $2.50/lb

    copper and $1.00/lb zinc were used for the estimation of CUEQ. These

    prices may be conservative, considering the near-term commencement of

    operations.

4.  Metal recovery assumptions of 65% gold, 60% silver, 95% copper and 50%

    zinc were used for the estimation of CUEQ.

5.  Specific gravity measurements were taken on a portion of the samples,

    where actual measurements were not available either stoichiometric

    values were calculated or average SG values were used.

The NI 43-101 compliant resource was filed today for the Reed Lake copper project. The new resource provides the basis to conduct a prefeasibility study. The project, in which HudBay has a 70% joint venture interest, represents a high grade near surface copper deposit that can be accessed via a ramp and ore can be trucked to the Flin Flon concentrator. Permitting and pre-feasibility efforts will be conducted throughout 2011 with the expectation of a construction decision by year end.

Neil W. Richardson, P.Geo, Chief Operating Officer of VMS Ventures Inc., a Qualified Person in accordance of Canadian Regulatory requirements as set out in NI 43-101, is responsible for the information in this release.

© 2011 Canjex Publishing Ltd.