Reed Copper Project Commences Initial Production VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/01/13 -- VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased to update shareholders on the progress made at the Reed Copper Project, near Flin Flon Manitoba. VMS Ventures owns 30% of the project and is carried to production. Hudbay Minerals Inc. (TSX:HBM) (NYSE:HBM) ("Hudbay") owns 70% and is the Operator. VMS Ventures announced today that joint venture partner and operator Hudbay has received the Environment Act Licence for the Reed Copper Project from the Manitoba government and has commenced initial production. The licence permits the operation of the Reed mine, a 1,300 tonnes/day underground copper mine, and its supporting infrastructure. Hudbay has informed VMS that a bulk sample of approximately 7,000 tonnes of ore was mined under the Advanced Exploration Project permit and a metallurgical batch test of 4,500 tonnes of ore was milled in late September at Hudbay's Flin Flon concentrator. The 7,000 tonnes of ore, from the upper Zone 30, was mainly mined on 65 m Level with only 1 round (approximately 300 to 400 tonnes) taken on the 45 m Level. Full production remains on the planned schedule to commence in first half of 2014 and the project remains within the estimated budget parameters. Neil Richardson, VMS Ventures' COO states: "The receipt of the Environment Act Licence and the successful extraction of the bulk sample are both significant milestones for the project. The Licence confirms the care and diligence taken by our JV partner and operator Hudbay in moving the project forward within mandated environmental guidelines while the extraction of the bulk sample project is the first step towards full production at Reed". Please visit the VMS website at http://www.vmsventures.com/investors/photo-gallery to view a slide show of progress on the Reed Copper Project. 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 Copper Project, which is subject to a 70-30 JV with Hudbay Minerals and is scheduled for production in Q4-2013, 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 the Black Creek property in the Sudbury mining camp. VMS Ventures owns approximately 27.5% 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. 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. Contacts: VMS Ventures Inc. Evan Sleeman Director (604) 986-2020 or Toll Free: 1-866-816-0118 www.vmsventures.com
Reed Copper Project Commences Initial Production
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