- VMS Ventures is a well-funded junior mining exploration company focused on discovering high-grade copper deposits in Manitoba, Canada. - Their first discovery was the Reed Lake copper deposit in 2007. They have a joint venture with Hudbay Minerals on Reed Lake and 4 other option agreements. - Drilling is currently underway at Reed Lake and the Sails Lake project to test targets identified by geophysical and geochemical surveys. VMS plans additional exploration work over the next 2 years to evaluate multiple targets on their properties.

1. VMS:TSX.V A new beginning…at last! September 26 to 29, 2010 Discovering High Grade Copper Deposits in Manitoba, Canada

2. FORWARD-LOOKING STATEMENTS NOTE: 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.

3. Introduction to VMS Ventures Inc. Flin Flon – Snow Lake Belt - a World Class VMS Camp Our First Discovery – The Reed Lake Deposit HudBay Minerals JV and 4 Option Agreements Phase 1 drill program at Reed Lake Additional targets…next 2 years Sails Lake Project – drilling in October 2010 – 2011 Work Plan North American Nickel – 45% VMS ownership Discovering High Grade Copper Deposits in Manitoba, Canada

4. VMS VENTURES INC. CAPITAL STRUCTURE (as at September 25, 2010) Issued & Outstanding: 114,417,955 Options: 11,178,800 Fully Diluted: 125,596,755 Well funded junior with approximately $11 M in the treasury. Discovered the Cu-rich Reed Lake Deposit in Manitoba in 2007. JV Partner HudBay Minerals (T.HBM) is project operator and financiers of Reed Lake development. Project ownership is 70% HBM & 30% VMS. 2010 Reed Lake Budget $3 Million, 7,000 metre drill Program now underway. Large, highly prospective land package in the prolific Flin Flon – Snow Lake Greenstone Belt of Manitoba. 4 Properties slated for drilling in 2010-2011. QUICK FACTS

5. Introduction to VMS Ventures Inc. Flin Flon – Snow Lake Belt - a World Class VMS Camp Our First Discovery – The Reed Lake Deposit HudBay Minerals JV and 4 Option Agreements Phase 1 drill program at Reed Lake Additional targets…next 2 years Sails Lake Project – drilling in October 2010 – 2011 Work Plan North American Nickel – 45% VMS ownership Discovering High Grade Copper Deposits in Manitoba, Canada

6. FLIN FLON GREENSTONE BELT Largest Proterozoic VMS District in the world. Most prolific greenstone belt in Canada in terms of $ value of production/km 2 . Continuous production for past 80 years 183 million tonnes from 27 mines. VMS mines/deposits rich in copper, zinc, gold and silver. Deposits typically occur in clusters. Gold mines/deposits throughout belt. MAP AREA A WORLD CLASS VMS CAMP SNOW LAKE BELT Lalor Lake (Hudbay) Reed Lake (VMS Ventures Inc.)

7. DISCOVERY PROGRESSION Early discoveries were made by prospecting. Recent discoveries made through a combination of geological and geophysical work. In addition to geology and geophysics VMS also employs cutting edge Mobile Metal Ion (MMI) geo-chemistry, which is particularly useful in the search for deposits beneath Phanerozoic cover. After K. Gilmore (Hudbay Minerals), 2009

8. VMS LAND POSITION IN THE SNOW LAKE AREA DOMINANT LAND POSITION More than 108,000 hectares of ground. RIGHT GEOLOGY Focused on juvenile arc rocks (shown here in medium green), juvenile arc rocks host all the mined VMS deposits in the Flin Flon – Snow Lake camp .

9. VTEM COVERAGE OVER VMS VENTURES’ PROJECTS Many recent discoveries, including VMS’s Reed Lake Deposit, were made with VTEM VMS Ventures has flown over 13,000 line-km of VTEM over its projects, majority flown at 100 m line spacing. 3 years and $3 million in work – ready to drill.

10. Introduction to VMS Ventures Inc. Flin Flon – Snow Lake Belt - a World Class VMS Camp Our First Discovery – The Reed Lake Deposit HudBay Minerals JV and 4 Option Agreements Phase 1 drill program at Reed Lake Additional targets…next 2 years Sails Lake Project – drilling in October 2010 – 2011 Work Plan North American Nickel – 45% VMS ownership Discovering High Grade Copper Deposits in Manitoba, Canada

11. REED LAKE DISCOVERY Discovery hole by VMS Ventures Inc. RD-07-07 October 4, 2007: 43.05 m @ 4.38% Cu 1.56% Zn 0.85 g/t Au 13.09 g/t Ag 72 holes drilled from July, 2007 to September, 2008. High Grade Cu Intercepts RD-08-53: 61.96 m @ 5.96% Cu RD-08-61: 100.19 m @ 3.59% Cu RD-08-41: 33.46 m @ 10.36% Cu Incl. 28.08 m @ 13.03% Cu Incl. 5.00 m @ 16.30% Cu History RD-08-36: 81.07 m @ 3.54% Cu

12. VMS VENTURES – HUDBAY JV & OPTIONS PROJECTS VMS-Hudbay JV 30-70 joint venture, VMS carried to production. Hudbay is operator. 4 Option Agreements Hudbay is operator. $2.6 M in cumulative expenditures to earn 70%. Upon discovery VMS is carried on first $50 million of expenditures. Cumulative $2.8 M paid to VMS in July, 2010.

13. AERIAL VIEW OF THE REED LAKE DEPOSIT Provincial Road # 39 Tower Zone Option Reed Lake Joint Venture Snow Lake 75 km Reed Lake Deposit (projected to surface) Flin Flon 115 km

14. REED LAKE DEPOSIT GEOLOGY PLAN MAP Rhyolite flows Rhyolite tuff Basalt flows QFP A lens (Cu-rich) A B C B lens (breccia) C lens (Zn-rich)

15. REED LAKE DEPOSIT IN PLAN AND SECTION Plan Longitudinal Section (looking 225°) Cross Section Section (Looking 315°) 100 m 100 m Cross Section Line Long Section Line A-lens B-lens C-lens 100 m N Credit: HBED September, 2010

16. HUDBAY PHASE 1 PLAN Purpose : Confirm / refine current model. Produce NI 43-101 compliant resource calculation. Follow mineralization to depth. N Proposed Phase 1 Program : Plan Composite Cross Section Section (Looking 315°) 100 m 100 m Credit: HBED September, 2010 Drill 20 to 24 holes totaling 7 km on six section lines 50 m apart. Down hole 3-component EM surveys. Commence with one drill, ramp up to two drills once deposit geometry is confirmed. Possibly add a third drill to resurvey and cement previously drilled holes if required.

17. MORE MINERALIZATION AT REED LAKE?? Reed Lake Deposit produces strong, coincident VTEM EM and magnetic anomalies. Magnetic data suggest the deposit plunges northwest. VTEM EM anomalies do not follow magnetic anomaly along the interpreted plunge line, however; this is to be expected as steeply plunging mineralization would quickly exceed the vertical detection limit (~300 m) of the VTEM system. REED LAKE JOINT VENTURE REED LAKE PROJECT NORTHWEST ZONE OPTION SUPER ZONE OPTION NORTHEAST ZONE OPTION TOWER ZONE OPTION REED LAKE DEPOSIT Plunge ? Lens C Lens A Lens A

18. ORE BODIES TEND TO GROW IN THE FLIN FLON BELT After K. Gilmore (Hudbay Minerals), 2007

19. MANY TARGETS READY TO DRILL ON THE JV AND OPTION PROJECTS In addition to locating the Reed Lake Deposit VTEM was successful in detecting all other known sulphide deposits in the area. Many high priority VTEM anomalies remain to be tested. Two of these are scheduled for drilling in the current phase 1 drill program. REED LAKE JOINT VENTURE REED LAKE PROJECT NORTHWEST ZONE OPTION SUPER ZONE OPTION NORTHEAST ZONE OPTION TOWER ZONE OPTION REED LAKE DEPOSIT TOWER ZONE HIGHWAY ZONE

20. Introduction to VMS Ventures Inc. Flin Flon – Snow Lake Belt - a World Class VMS Camp Our First Discovery – The Reed Lake Deposit HudBay Minerals JV and 4 Option Agreements Phase 1 drill program at Reed Lake Additional targets…next 2 years Sails Lake Project – drilling in October 2010 – 2011 Work Plan North American Nickel – 45% VMS ownership Discovering High Grade Copper Deposits in Manitoba, Canada

21. SAILS LAKE: DRILLING IN OCTOBER / 2010 SAILS LAKE 25 km east of Snow Lake. Previously believed to be underlain by less prospective ocean floor rocks. Recent mapping and litho-geochemical sampling by VMS showed that it is in fact underlain by prospective juvenile arc rocks . 25 km Project Background

22. SAILS LAKE DRILL TARGETING DIAMOND DRILLING KUS-85: 1.12 m msv sulphide @ 0.12% Cu, 3.50% Zn incl. 0.55m @ 0.20% Cu, 7.20% Zn, 10.54 g/t Ag and 0.34 g/t Au DG96-002: 0.31 m @ 9.75 g/t Au 0.56 m @ 2,75 g/t Au 16.32 g/t Au (grab) 62.29 g/t Au (grab) DG96-006: 0.30 m @ 9.14 g/t Au 0.44 m @ 2.19 g/t Au

23. Introduction to VMS Ventures Inc. Flin Flon – Snow Lake Belt - a World Class VMS Camp Our First Discovery – The Reed Lake Deposit HudBay Minerals JV and 4 Option Agreements Phase 1 drill program at Reed Lake Additional targets…next 2 years Sails Lake Project – drilling in October 2010 – 2011 Work Plan North American Nickel – 45% VMS ownership Discovering High Grade Copper Deposits in Manitoba, Canada

24. 2010-2012 WORK PLAN

25. Introduction to VMS Ventures Inc. Flin Flon – Snow Lake Belt - a World Class VMS Camp Our First Discovery – The Reed Lake Deposit HudBay Minerals JV and 4 Option Agreements Phase 1 drill program at Reed Lake Additional targets…next 2 years Sails Lake Project – drilling in October 2010 – 2011 Work Plan North American Nickel – 45% VMS ownership Discovering High Grade Copper Deposits in Manitoba, Canada

26. NORTH AMERICAN NICKEL VMS owns ~45% of North American Nickel. Dr. Mark Fedikow, President and COO. TSX Venture application pending. Projects situated in Thompson and Sudbury, the two most productive mining camps in the world class Circum-Superior Nickel Belt. OTCBB: WSCRF

27. SUDBURY PROJECTS Sudbury projects are focused on highly prospective offset dykes. Whistle Offset at FNX’s Podolsky Mine

28. MANITOBA PROJECTS

29. VMS VENTURES INC. CAPITAL STRUCTURE (as at September 12, 2010) Issued & Outstanding: 114,417,955 Options: 11,178,800 Fully Diluted: 125,596,755 Well funded junior with approximately $11.0M in the treasury. Discovered the Cu-rich Reed Lake Deposit in Manitoba in 2007. JV Partner HudBay Minerals (T.HBM) is project operator and financiers of Reed Lake development. Project ownership is 70% HBM & 30% VMS. 2010 Reed Lake Budget $3 Million, 7,000 metre drill Program now underway. Large, highly prospective land package in the prolific Flin Flon – Snow Lake Greenstone Belt of Manitoba. 4 Properties slated for drilling in 2010-2011. QUICK FACTS