Vancouver, BC, February 16, 2015.VMS Ventures Inc.(TSXV: VMS) ("VMS" or the "Company") announces that it has entered into letters of intent (the "LOIs") to acquire in total a 100% interest in the Assean Lake gold claims in Manitoba ("Assean Lake"), subject to certain underlying royalties.

The LOIs with NGEx Resources Inc. ("NGEx") (as to a 60% interest in Assean Lake) and Harvest Gold Corp. ("Harvest") (as to a 40% interest in Assean Lake) provide for consideration as follows:

• upon acceptance of the transaction by the TSX Venture Exchange, the Company is to pay NGEx $15,000 and issue it 600,000 shares and is to pay Harvest $140,000, of which $90,350 will be satisfied by the forgiveness of a like amount of debt otherwise owing to the Company by Harvest;
• upon the earlier to occur of the completion of a preliminary economic assessment, a pre-feasibility study or a feasibility study on Assean Lake, the Company is to issue a further 600,000 shares to NGEx and 100,000 shares to Harvest; and
• upon the commencement of commercial production from Assean Lake, the Company is to issue a further 600,000 shares to NGEx and a further 100,000 shares to Harvest.

Closing of the acquisition of Assean Lake by the Company remains subject to the execution of definitive agreements and the acceptance of the TSX Venture Exchange.

VMS is a mining company with a proven track record of success in Northern Manitoba and is looking to forge meaningful and mutually satisfactory relationships with Northern Manitoba'sFirst Nations communities.  With this acquisition the Company looks forward to working with Tataskweyak Cree Nation (Split Lake Cree First Nation) and its members in exploring and advancing the economic potential of this property.

About VMS Ventures Inc.

VMS Ventures Inc. is a mining and mineral exploration company currently in partnership with Hudbay Minerals on the producing Reed Mine near Flin Flon, Manitoba. VMS holds a 30% interest in the Reed Mine which is operated by Hudbay Minerals and achieved full production in 2014. In addition, VMS is exploring a large prospective property package in Manitoba. The Company is actively evaluating new growth opportunities to build on success of Reed. The Company also holds approximately 22% of the shares in North American Nickel (NAN: TSX.V) which is exploring a new district scale nickel-copper-cobalt PGE deposit belt in S.W. Greenland.

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.,
Interim CEO, President, Director
VMS Ventures Inc.

For further information respecting the Company, please contact
Evan Sleeman, Director
(604) 986-2020 or Toll Free: 1-866-816-0118

Neither 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.