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VMS:TSX.V New York Hard Assets

Investment Conference

May 9-10, 2011

Discovering High Grade Copper Deposits in Manitoba, Canada

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FORWARD-LOOKING STATEMENTS

NOTE:

Some of the statements contained herein may be forward-lookingstatements which involve known and unknown risks and uncertainties.Without limitation, statements regarding potential mineralization andresources, exploration results, and future plans and objectives of theCompany are forward-looking statements that involve various risks. Thefollowing are important factors that could cause the Company’s actualresults to differ materially from those expressed or implied by suchforward-looking statements: changes in the world wide price of mineralcommodities, general market conditions, risks inherent in mineralexploration, risks associated with development, construction and miningoperations, the uncertainty of future profitability and the uncertainty ofaccess to additional capital. There can be no assurance that forward-lookingstatements will prove to be accurate as actual results and futureevents may differ materially from those anticipated in such statements.VMS Ventures Inc. undertakes no obligation to update such forward-lookingstatements if circumstances or management’s estimates or opinionsshould change. The reader is cautioned not to place undue reliance onsuch forward-looking statements.

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VMS VENTURES INC. (VMS:TSX.V)

CAPITAL STRUCTURE(as at May 1, 2011)

Issued & Outstanding: 123,123,955Options: 9,983,850Fully Diluted: 133,107,805Debt: $0.0Capital: $15,000,000

Well funded junior with approximately $15 M treasury.

2007 Discovered the Copper-rich Reed Lake Deposit

2010 Successfully Negotiated deal with HudBay Minerals (NYSE:HBM) to operate and finance Reed Lake development. Ownership (70% HBM 30% VMS).

43-101 Indicated Resource 2.55 mil tonnes of 4.52% copper plus zinc, silver and gold credits at Reed Lake.

Large, 100% held, highly prospective land package in the prolific Flin Flon – Snow Lake Greenstone Belt of Manitoba.

Aggressive Drill Program now underway ($5 mil budgeted for 2011)

Potential for near-term production and payback at Reed Lake (2012).

QUICK FACTS

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Flin Flon/Snow Lake Belt -World Class Base Metal Camp

The Reed Lake Deposit: 270 mil lbs contained Copper (HudBay Minerals 70/30 JV and 4 Option Agreements)

100% Owned Properties

Cowan River Copper DiscoverySails Lake Gold Discovery

2011 – 2012 Work Plan

North American Nickel (VMS 45% Ownership)

Discovering High Grade Copper Deposits in Manitoba, Canada

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A WORLD CLASS MINING CAMPA WORLD CLASS MINING CAMP

The Flin Flon Camp has produced $54 billion in Base and Precious metals produced.

Continuous production for the past 80 years with 36 copper-zinc and gold mines operated in the belt

Exposed Flin Flon Belt

4,442 sq km

Covered portion

15,128 sq km

The Covered Part of the Belt is the New Frontier!

SNOW LAKE BELTSNOW LAKE BELT

Lalor Lake(Hudbay)Lalor Lake(Hudbay)

Reed Lake(VMS Ventures Inc.)Reed Lake(VMS Ventures Inc.)

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VMS’ SNOW LAKE, MANITOBA PROJECTSVTEM AIRBORNE GEOPHYSICAL COVERAGE

• 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.

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VMS’ REED LAKE DISCOVERY

• Discovery hole by VMS Ventures Inc. RD-07-02 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 By VMS(2007 - 2008)

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

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AERIAL VIEW OF THE REED LAKE DEPOSIT

Provincial Road # 39

Tower Zone Option

Reed Lake Joint Venture

Snow Lake 75 kmReed Lake Deposit(projected to surface)

Flin Flon 115 km

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Located 1 hour's drive from mill and concentrator facilities 500 feet (150 metres) from a paved Provincial Highway

Reed Lake 43-101 Resource

Notes:

CIM definitions were followed for the estimation of mineral resources. Drilling was included up to February 2011.

Mineral resources are estimated at a CUEQ cut-off of 1.5% (CUEQ% equals Cu% + Zn% x 0.211 + Au g/t x 0.359 + Ag g/t x 0.006) and a minimum two metre core length.

Long term $US metal prices of $900/oz gold, $15.00/oz silver, $2.50/lb copper and $1.00/lb zinc were used for the estimation of CUEQ. These prices may be conservative, considering the near-term commencement of operations.

Metal recovery assumptions of 65% gold, 60% silver, 95% copper and 50% zinc were used for the estimation of CUEQ.(What is CUEQ??)

Specific gravity measurements were taken on a portion of the samples, where actual measurements were not available either stoichiometric values were calculated or average SG values were used.

Mineral Resource

Category Tonnes Au (g/t)

Ag (g/t)

Cu (%)

Zn (%)

Indicated 2,550,000 0.64 7.86 4.52 0.91

Inferred 170,000 0.38 4.55 4.26 0.52

Contained Metal

Au oz Ag oz Cu lbs Zn lbs

52,469 644,382 253,572,000 51,051,000

2,077 24,868 15,932,400 1,944,800

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02/02/11

Reed Lake Deposit Longitudinal View

Zone 10

Zone 20

Zone 30

10.09 m @ 2.39% Cu

RLD015

214 m

LONGITUDINAL SECTIONLOOKING NORTH

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02/02/11

REED LAKEJOINT

VENTURE REED LAKE

PROJECT

NORTHWESTZONE

OPTION

SUPER ZONEOPTION

NORTHEASTZONE OPTION

TOWER ZONEOPTION

REED LAKE DEPOSITREED LAKE DEPOSIT TOWER ZONETOWER ZONE

HIGHWAY ZONEHIGHWAY ZONE

Plunge

TARGETS BEING DRILLED ON THE HUDBAY JV AND TARGETS BEING DRILLED ON THE HUDBAY JV AND OPTION PROJECTSOPTION PROJECTS

Lens CLens BLens A

• Reed Lake Deposit produces a strong, coincident VTEM EM and magnetic anomaly.

• Numerous untested targets each with potential to be new mines or zones of copper-zinc-gold-silver mineralization

• Aggressive exploration and development activity now underway.

• Reed Lake Deposit produces a strong, coincident VTEM EM and magnetic anomaly.

• Numerous untested targets each with potential to be new mines or zones of copper-zinc-gold-silver mineralization

• Aggressive exploration and development activity now underway.11

Cowan River Discovery Zone

Announced April 13 2011

2.25% copper over 6.59 m Including:

9.81% Copper over 1.37m

Located 7.5 km east of Reed Lake Deposit

1.5 km south of Provincial Highway #39 connecting the regional mining centers of Flin Flon and Snow Lake.

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25 km east of Snow Lake - a major base metal and gold mining camp.

2011 Drill Program Now Underway

Drilling by VMS in 2010 intersected significant gold mineralization over long intervals in hole SA-10-007.

Project Background

Sails Lake Gold Project

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Long Zone Gold Discovery

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Sails Lake Drill Program

Proposed Drill Holes

400 m IP Anomaly

Other Target Areas

Drilling Now Underway

Summer field program planned

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2011 WORK PLAN

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NORTH AMERICAN NICKELVMS owns ~45% of North American Nickel.

Conditional Listing on the TSX Venture Exchange Now Approved.

Projects situated in Thompson & Sudbury, the two most productive mining camps in the world class Circum-Superior Nickel Belt.

Dr. Mark Fedikow, President and COO.

Trade Symbols

TSX.V: NAN

OTCBB: WSCRF

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NORTH AMERICAN NICKEL

Drilling at Post Creek Planned for June 2011

Whistle Offset at FNX’s

Podolsky Mine

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VMS VENTURES INC. (VMS:TSX.V)

CAPITAL STRUCTURE(as at May 1, 2011)

Issued & Outstanding: 123,123,955Options: 9,983,850Fully Diluted: 133,107,805Debt: $0.0Capital: $15,000,000

Well funded junior with approximately $15 M treasury.

2007 Discovered the Copper-rich Reed Lake Deposit

2010 Successfully Negotiated deal with HudBay Minerals (NYSE:HBM) to operate and finance Reed Lake development. Ownership (70% HBM 30% VMS).

43-101 Indicated Resource 2.55 mil tonnes of 4.52% copper plus zinc, silver and gold credits at Reed Lake.

Large, 100% held, highly prospective land package in the prolific Flin Flon – Snow Lake Greenstone Belt of Manitoba.

Aggressive Drill Program now underway ($5 mil budgeted for 2011)

Potential for near-term production and payback at Reed Lake (2012).

QUICK FACTS

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