RD-08-51 THROUGH RD-08-56 CONTAIN INTERSECTIONS OF NEAR SOLID SULPHIDES OR SULPHIDE VEINLETS AT REED LAKE, MANITOBA

July 31, 2008

Vancouver, B.C., July 31, 2008. VMS Ventures Inc. (TSX-V: VMS) (the “Company”) is pleased to update shareholders on the exploration activities currently underway in the Snow Lake area.

Highlights: 

RD-08-51:  97.21m (318.93 ft) of Sulphide Veinlets

 

RD-08-53:  50.38m (165.29 ft) of Near Solid Sulphides

 

RD-08-55:  58.74m (192.70 ft) of Near Solid Sulphides

TABLE ONE

MINERALIZED INTERVALS IN DRILL HOLES RD-08-51 to RD-08-56

(Assays Pending)

*True thickness is unknown

Dr George Gale, VP Exploration states: “The current drilling, within sections oriented perpendicular to the trend of mineralization, is designed to establish the continuity of mineralization both vertically and along strike. Drilling will continue to test for extensions of the mineralization to both the east and west. The host rock geology of the deposit appears complex and although the mineralization itself has been relatively consistent and prolific within the area drilled to date, locally it pinches and swells. Also, and very encouraging, the most recent holes have identified thick sections of chalcopyrite-pyrrhotite mineralization in areas of contiguous mineralization.”

Drill holes RD-08-52, RD-08-53, RD-08-55, and RD-08-56 were drilled in the same section at azimuth 160. All four of the drill holes intersected mineralization of varying lengths, but demonstrate good vertical continuity within the section. Drill holes, RD-07-02, RD-07-07,  RD-07-10 and RD-07-15 were all drilled in the same section at azimuth 340 (opposite direction from the azimuth 160 drill holes) and provide similar vertical continuity. These two sections were drilled approximately 60 metres apart and provide an apparent strike of azimuth 260. The two sections demonstrate good vertical continuity and show apparent dips of near vertical to -70 degrees north. Additional sections on azimuth 160 are now being drilled to confirm this interpretation.

Both drills are now drilling more closely spaced sections within the area of known mineralization to enable a reliable tonnage and grade estimate to be made. One drill will complete sections within the area containing known mineralized intercepts and work towards the east and then will begin testing areas to the east of the known mineralized intercepts. The second drill will be testing sections to the west of the known mineralized intercepts.

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The Tower Zone

The Tower Zone anomalies remain of great interest to the Company. They have been identified in several independent geophysical surveys including airborne VTEM, DeepEM ground surveys, Induced Polarization (IP) and Bore hole EM surveys. Intervals of weakly altered rock were intersected, but do not explain the target anomaly. Strong off hole conductors were identified in recent down hole surveys of drill holes TZ-08-02 and TZ-08-04. Drill hole TZ-08-05 will be probed shortly.

Dr. George Gale, P.Eng states: “From a geological perspective, the Tower Zone appears to have all the right ingredients for this area to host VMS type massive sulphide. The confirmation of this anomaly in several completely independent surveys suggests it is a target worthy of further drilling.”

The Tower Zone target area is located approximately 1,000 m to the east of the Discovery Zone and consists of a series of geophysical conductor anomalies over a 1.2 km length.

Summer Field Program

The Company is undertaking an aggressive ground exploration program on its properties in the Snow Lake area this summer. Field crews are currently collecting geochemical samples over new target areas on the Reed Lake property, Copper Project and at the Puella Bay property. The soil samples are being taken over areas where earlier VTEM and ground geophysical surveys have identified anomalies. The geochemical sample data will be merged with geophysical data, and where possible, geological mapping data, in order to prioritize targets for drill testing later in the year and for winter 2008/2009. Several hundred geophysical anomalies are being evaluated with geochemical survey data this summer.

Data Compilation

The Company has completed a wide range of geophysical surveys over the Discovery Zone and nearby areas including the Tower Zone area collecting EM, IP, Gravity and Magnetic data. This data set is undergoing a thorough compilation process in order to better understand and detect mineralization at depth.

All technical information in this release has been reviewed by Dr. George Gale, P.Eng, Vice President of Exploration, VMS Ventures Inc.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also holds the largest land package considered prospective for nickel-copper mineralization at Lynn Lake, which is to date Canada’s third largest nickel producing camp. The Company’s project portfolio consists of the Snow Lake VMS project, the Lynn Lake Gabbros nickel-copper project, the Nickel Belt project, the South Bay nickel-copper-cobalt PGE property, and the Eden Lake Carbonatite Complex, Specialty Metals property. All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.

 

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal B.Sc.
President & Director
 

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adequacy or accuracy of this release.