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File: NR Dec 27 12 VMS Cancels Incentive Stock Options.doc


			VMS Ventures Inc.
			301 - 260 W. Esplanade
			North Vancouver, B.C.
			V7M 3G7
			Tel: (604) 986-2020
			
			Toll Free: 1-866-816-0118
				www.vmsventures.com	






VMS VENTURES CANCELLATION OF STOCK OPTIONS

Vancouver, B.C., December 27, 2012. VMS Ventures Inc. (TSX-V: VMS) (the "Company") announces that it is cancelling inc
--->entive 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 Februa
--->ry 24, 2016, February 25, 2016 and February 28, 2016, at exercise prices of $0.58 and $0.66 per share.

There are now 9,098,000 incentive options issued, which represents approximately 7% of the Company's issued and outsta
--->nding stock.

About VMS Ventures Inc:
 
VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide
---> deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of th
--->e Reed Lake Mine, which is subject to a 70-30 JV with HudBay Minerals and is scheduled for production in Q3- 2013, Cop
--->per Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Sno
--->w Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan cop
--->per-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located i
--->n the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mini
--->ng camp. They are Terra Incognita, Golden Pine and Black Creek. 
VMS Ventures owns approximately 21M shares of North American Nickel Inc. (TSX VENTURE:NAN). For more information on No
--->rth American Nickel Inc., please visit www.northamericannickel.com.
Forward Looking Statement
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and un
--->certainties.  Without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the Company are forward-looking statements that inv
--->olve various risks. The following are important factors that could cause the Company's actual results to differ materi
--->ally from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral co
--->mmodities, general market conditions, risks inherent in mineral exploration, risks associated with development, constr
--->uction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capi
--->tal. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future
events may differ materially from those anticipated in such statements.  VMS Ventures Inc. undertakes no obligation to
---> update such forward-looking statements if circumstances or management's estimates or opinions should change. The read
--->er is cautioned not to place undue reliance on such forward-looking statements

ON BEHALF OF THE BOARD OF DIRECTORS
 John Roozendaal, B.Sc. 

President 
VMS Ventures Inc.
 For further information contact:  
Evan Sleeman, Director
Telephone: (604) 986-2020 Toll Free: 1-866-816-0118
 
 
 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


      


File: DEC27.pdf

                                                                                VMS Ventures Inc.
                                                                                301 � 260 W. Esplanade
                                                                                North Vancouver, B.C.
                                                                                V7M 3G7
                                                                                Tel: (604) 986-2020

                                                                                Toll Free: 1-866-816-0118
                                                                                www.vmsventures.com




                 VMS VENTURES CANCELLATION OF STOCK OPTIONS
Vancouver, B.C., December 27, 2012. VMS Ventures Inc. (TSX-V: VMS) (the "Company") announces that
it 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 February 24, 2016, February 25, 2016 and February 28,
2016, at exercise prices of $0.58 and $0.66 per share.

There are now 9,098,000 incentive options issued, which represents approximately 7% of the Company's
issued and outstanding stock.

About VMS Ventures Inc:

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver
massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS
project property portfolio consists of the Reed Lake Mine, which is subject to a 70-30 JV with HudBay
Minerals and is scheduled for production in Q3- 2013, Copper Project, McClarty Lake Project, Sails Lake
Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company
holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc
mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are
located in the mining friendly province of Manitoba, Canada. The Company also has optioned three
properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.

VMS Ventures owns approximately 21M shares of North American Nickel Inc. (TSX VENTURE:NAN). For
more information on North American Nickel Inc., please visit www.northamericannickel.com.

Forward Looking Statement
Some of the statements contained herein may be forward-looking statements which involve known and
unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the Company are forward-looking
statements that involve various risks. The following are important factors that could cause the Company's
actual results to differ materially from those expressed or implied by such forward-looking statements:
changes in the world wide price of mineral commodities, general market conditions, risks inherent in
mineral exploration, risks associated with development, construction and mining operations, the
uncertainty of future profitability and the uncertainty of access to additional capital. There can be no
assurance that forward-looking statements will prove to be accurate as actual results and future
events may differ materially from those anticipated in such statements. VMS Ventures Inc. undertakes no
obligation to update such forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on such forward-looking
statements

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, B.Sc.
 President
VMS Ventures Inc.

For further information contact:

                Evan Sleeman, Director
              Telephone: (604) 986-2020
               Toll Free: 1-866-816-0118

  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of th
--->e TSX
                   Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.