Mr. Rick Mark reports

VMS VENTURES RECEIVES JOINT VENTURE AND OPTION AGREEMENT PAYMENTS FROM HUDBAY MINERALS

VMS Ventures Inc. has received, from HudBay Minerals Inc., the payment required under the Reed Lake joint venture agreement and the initial payments under the four property option agreements with HudBay that were reported in Stockwatch July 6, 2010. The payments received by VMS total $2.85-million.

The payments were made by HudBay following VMS's confirmation that certain mineral claims under the joint venture and option agreements have been put into good standing under applicable Manitoba mining law.

Under the joint venture agreement, HudBay has a 70-per-cent interest in the copper-rich Reed Lake property and VMS has a 30-per-cent interest. For detail on the recently announced diamond drilling program at Reed Lake, please see the company's news in Stockwatch Aug. 10, 2010.