Mr. John Roozendaal reports

VMS VENTURES CANCELLATION OF STOCK OPTIONS

VMS Ventures Inc. is cancelling incentive stock options to certain directors and officers of the company to purchase up to 3,861,850 common shares in the capital of the company pursuant to the company's stock option plan. The options were exercisable on or before Feb. 24, 2016, Feb. 25, 2016, and Feb. 28, 2016, at exercise prices of 58 cents and 66 cents per share.

There are now 9,098,000 incentive options issued, which represent approximately 7 per cent of the company's issued and outstanding stock.

We seek Safe Harbor.