VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2010) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to announce drill and assay results from the initial in-fill diamond drill program at the Reed Lake deposit, near Snow Lake, Manitoba, Canada. These results are from holes RDL009 to RDL014 inclusive. They were designed to test the zinc – copper rich lens (zone 30) located near surface. See figure 1, below, which is a plan view of the diamond drill holes and mineralized zones.

Neil Richardson, VMS' Chief Operating Officer, states: "The results for the upper zinc - copper rich lens (zone 30) are very encouraging as they show that the deposit comes within 30 metres of surface, which suggests it is amenable to ramp development and early production from an underground operation. The results emphasize the metal zonation in this polymetallic deposit which, in addition to copper and zinc, also carries appreciable amounts of gold and silver. Metal zonation and significant precious metal credits are common characteristics of massive sulphide deposits in the Snow Lake camp."

Holes RLD009 to RLD012 inclusive were drilled on section line 50 and on the eastern edge of zone 30. Assays have been received for holes RLD009 to RLD014 and are tabled below:

The in-fill program is the first phase of drilling at the Reed Lake project under a joint venture formed between VMS and HudBay Minerals Inc. (TSX/NYSE:HBM) ("HudBay"). The Reed Lake deposit is a base metal, polymetallic, massive sulphide-type deposit located approximately 100 kilometers from HudBay's concentrator in Flin Flon, Manitoba. Two drills are currently operating on site at Reed Lake. One drill is conducting in-fill drilling in preparation for a National Instrument 43-101 mineral resource estimate, which is expected in the first quarter of 2011. A second drill is drilling deeper exploration holes down plunge to the west of the deposit. On December 10, 2010 VMS reported that the first step out drill hole at Reed Lake intersected 10 metres of 2.39% copper 214 metres down plunge of the known deposit.

Reed Lake Collar Information

Drill holes RLD013 and RLD014 were collared on section line 0 and were drilled outside the known mineralized envelopes and testing for extensions of the mineralization laterally towards the southeast. These two holes failed to intersect any significant mineralization.

On July 6, 2010 VMS and HudBay announced that they had entered into a joint venture agreement pursuant to which HudBay has a 70% interest and VMS has a 30% interest in the Reed Lake property and the two claims immediately to the south. The parties have also entered into four option agreements which grant HudBay the right to earn a 70% joint venture interest in properties held by VMS adjacent to the Reed Lake property.

For additional details on exploration at the Reed Lake deposit, see VMS' press releases issued between September 17, 2007 and December 10, 2008, available at www.sedar.com.

To view Figure 1 please click on the following link: http://media3.marketwire.com/docs/VMSmap.pdf