VMS Ventures Inc. provided update on the progress made at the Reed mine, near Flin Flon Manitoba, during the month of December. VMS Ventures owns 30% of the project and is carried to production. Hudbay Minerals Inc. owns 70% and is the operator.

VMS Ventures has received the Reed mine update for December from its joint venture partner and operator Hudbay. During the month of December the project reached a number of milestones including: Project development advanced 217 metres for a total 2,296 metres to date; 658 consecutive days without a lost time accident; Mined from the first production longhole stope, #85 - 30 - 1; Commissioned new mine ventilation heater; Completed a ventilation raise from 110 to 85 metre level; Project remains on budget and on schedule. In the month of December 217 metres of underground development were completed, reaching a total of 2,296 metres.

Project development reached 1,873 metres with an additional 423 metres of pre-production development to date. The focus for January will remain on safety and continued ramp development down to the 160 metre level and pre-production development at the 110 and 135 metre level of the mine.