To: ogi who wrote (56769 ) 2/22/2008 11:06:36 AM From: Rocket Red Read Replies (2) | Respond to of 78421 VMS drills 24.86 m of near solid sulphide at Reed/ in play again?? 2008-02-19 07:07 ET - News Release Shares issued 107,261,951 VMS Close 2008-02-15 C$ 0.60 Mr. John Roozendaal reports VMS VENTURES INC.-HOLES RD 08-25, RD 08-26 AND RD 08-30-30 INTERSECT NEAR SOLID SULPHIDES: ASSAYS NOW PENDING ON 7 HOLES VMS Ventures Inc. has released an update of its continuing exploration program at the Reed project discovery zone near Snow Lake, Man. Highlights: Hole RD 08-25: 2.35 metres (7.70 feet) of near solid sulphide, assays pending; Hole RD 08-26: 24.86 metres (81.56 feet) of near solid sulphide, assays pending; Hole RD 08-30: 22.68 metres (74.40 feet) of near solid sulphide, assays pending. Drill hole RD08-26 intersected four different zones of NSS over a core length of approximately 70 metres. The repetition of NSS in drill hole RD08-26 may be due to folding or faulting. Drill holes RD08-24 and RD08-28, like drill holes RD08-18 and RD08-19, appear to have been drilled over the top of the sulphide body into the barren hangingwall rocks. REED LAKE DRILL HOLE DETAILS DRILL FROM TO Cu Zn Au Ag HOLE (m) (m) INT % % g/t g/t DHP STATUS RD08-23 Drilling RD08-24 NSI RD08-25 Drilling RD08-26 62.65 64.05 1.40 NSS RD08-26 66.28 69.84 2.56 NSS And RD08-26 73.40 82.85 9.45 NSS And RD08-26 122.45 133.90 11.45 NSS And RD08-27 Not drilled yet RD08-28 Complete RD08-29 Not drilled yet RD08-30 136.70 159.38 22.68 NSS RD08-31 Not drilled yet RD08-32 124.85 NSS NSI equals no sulphide NSS equals near solid sulphide The true thickness of the intervals is not known. Drill holes RD08-22 and RD08-26 have been logged, sampled sent for assay. Drill holes RD08-25 and RD08-30 are being logged, and drill hole RD08-32 is still being drilled. Vice-president of exploration, Dr. George Gale states: "Drilling continues to provide near-solid sulphide intervals (NSS) over substantial thicknesses in drill core. Local folding and faulting are complex and consequently the deposit geometry is complex in this area. For example, the presence of magnetite above NSS in several of the recent holes, instead of below the sulphide as in the earlier holes, suggests that the deposit is tightly folded in the area of drilling. The next few drill holes are located to the southwest of recent drilling and are designed to intersect the deposit at depths of 100 to 150 metres." DRILL HOLE CO-ORDINATES AND DATA Drill EOH hole Northing Easting (m) Dip Azimuth Status RD08-23 6048775 393978 -45 degrees 045 In progress RD08-24 6048838 393916 209.39 -45 degrees 045 045 RD08-25 6048765 393914 -45 degrees 045 In progress RD08-26 6048838 393916 145.39 -60 degrees 045 Assays Pending RD08-27 Not drilled yet RD08-28 6048845 393875 124.05 -45 degrees 045 045 RD08-29 Not drilled yet RD08-30 6048845 393875 273.41 -60 degrees 045 045 RD08-31 Not drilled yet RD08-32 6048819 393835 -45 degrees 045 In progress Geophysical crews are back onto the property to complete the DEEP EM survey over the newly cut geophysical grid and have now completed about one-third of the grid at this time. Down hole geophysical surveys will be begin when this surface work is complete. Geotech has now completed flying the 2008 VTEM survey over the discovery zone in a north-south direction to provide better definition of the geophysical anomalies identified during the initial survey in March, 2007. The company's geophysical consultant is currently evaluating the data. One of the three drills currently on the Discovery zone is scheduled to begin testing other anomalies north of the discovery on the Reed project as soon as its current hole is completed. Due to the recent intensely cold weather, new roads to these new drill sites have been packed and are ready for immediate use. All technical information in this release has been reviewed by the qualified person, Dr. George Gale, PEng. All samples have been prepared and analyzed at TSL Laboratories in Saskatoon, Sask., using ICP-MS and fire assay analytical methods. We seek Safe Harbor.