VMS Ventures Inc. has received assay results from core samples taken from the recent diamond drilling on the Carr Lake Gabbro Plug in the Company’s Lynn Lake Nickel Project in Manitoba, Canada. Preliminary results have also been received from the VTEM airborne survey, which was flown concurrently over the entire property package, and consists of 4 major claim groups covering approximately 38 km2 in the Lynn Lake nickel belt.

The drilling has confirmed the presence of mafic-ultramafic rocks similar to those hosting nickel-copper mineralization at the nearby Lynn Lake Ni-Cu Mines, as well as sulphide mineralization with significant nickel and copper enrichment.

The preliminary results of the VTEM survey indicate a number of anomalies, including several of particular interest on the Frazer Lake intrusion, which is located immediately south of the EL Ni-Cu Mine. Final interpretation of the airborne survey data is pending and expected within the next 30 days.

Three holes were completed on the Carr Lake Gabbro Plug for a total of 624.7 meters of drilling.