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.

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VMS VENTURES: OVERVIEW VMS Announces Discovery on the

Reed property, Sept 2007

June 2010: Joint Venture signed with HudBay Minerals as operator (NYSE:HBM); 70% HBM & 30% VMS

Commercial production commencedApril 2014 on budget and on time

Reed Mine Probable Mineral Reserves(Jan 2015): 1.56 M tonnes of 3.80% Cu

Well funded; ~$6M in the treasury

Market Cap: ~ $9M

Other assets :

Own 14.5% of North American Nickel (NAN.TSX.V) Large exploration land package in southwest Greenland exploring for nickel-copper and PGM.

CAPITAL STRUCTURE (as of Nov 30, 2015)

Issued & Outstanding: 146,481,349Options: 9,912,500Warrants: 3,575,127Fully Diluted: 159,968,97652 Week high/low $0.30/$0.06Market Cap $9 million

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REGIONAL EXPLORATION POTENTIAL

Recent massive sulphide discoveries, including the Reed Mine, were made using the VTEM airborne geophysical system

VMS Ventures has flown over 17,000 line-km of VTEM over its extensive property package on close spaced high definition flight line spacing.

Volcanogenic Massive Sulphide deposits (VMS Type Deposits) form in clusters.

THE VTEM TECHNOLOGY

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REED MINE AREA EXPLORATION POTENTIALHigh grade massive sulphide occurrences have been discovered in the area surrounding the Reed Mine. These deposits tend to occur in clusters, exploration continues in search of the next deposit.

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REED MINE AREA EXPLORATION POTENTIAL

Seven diamond drill holes completed for a total of 4,870 metres.

Borehole Pulse Electromagnetic surveys completed on all drill holes.

BHEM, geological and analytical data will be reviewed in the coming months to define additional targets and design a follow-up program.

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REED MINE AREA EXPLORATION POTENTIAL

AdTau map with recently diamond drill program

AdTau is calculated from time constant data

Reed mine, Reed North and highway zone occur along the outer rim of this large circular high AdTau response

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Highway Zone

Reed North

REED MINE AREA EXPLORATION POTENTIAL

Diamond drill holes plotted on Total Magnetic Intensity background.

Trace of Highway –Tower zone stratigraphy.

Highway Zone

Reed North

Highway-Tower Horizon

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REED MINE AREA EXPLORATION RLE036 RLE036 collared to test

two plates that were modelled from a surface TDEM survey over the area.

The strike of the plates and the magnetic feature in the area potentially ties these anomalies with the Reed North zone.

10 anomalies were seen from the BHPEM survey. Seven anomalies were ranked Category “A” and three ranked Category “C” and not recommended for follow-up.

RLE036 EOH at 1056 metres was at the limit of the drilling equipment.

Offhole Category“A” BHEM anomalies

0.98% Zinc over 9.0m core length from447.4 – 456.4 metres down the hole

RLE036 collar

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REED MINE AREA EXPLORATION RLE036

Category A target associated with zinc intersection is located left and above the hole

Deep targets are always challenging for follow-up. Hole deviation and cost are two big factors to consider. Also the deeper the target the economics have to be considered as the size and grade required to be economic.

0.98% Zinc over 9.0m core length from447.4 – 456.4 metres down the hole

Offhole Category“A” BHEM anomalies

RLE036 collar

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DISCOVERER - DEVELOPER - PRODUCER

REED MINE

Polishing Pond

Portal EntranceWaste Pad

Provincial Trunk Highway 39

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3D Isometric View Showing Mineralized Lens, CurrentUnderground Development and Diamond Drilling.

View Looking East

MINE DEVELOPMENT (2012-2015)

Reed - Mineral Reserves – January 1, 2015 (1)(2)

Tonnes Cu (%) Zn (%) Au (g/t) Ag (g/t) Reed Mine

Proven ......................................... 488,000 3.33 0.67 0.38 5.82 Probable ...................................... 1,076,000 4.01 0.29 0.37 4.50

Total Mineral Reserve .................... 1,564,000 3.80 0.41 0.38 4.91

Notes: (1) The zinc price used for the mineral reserve estimations was US$1.07 per pound (includes premium), the

copper price used for the mineral reserves estimation was US$3.15 per pound, the gold price was US$1,260.00 per ounce and the silver price was US$21.00 per ounce using an exchange rate of 1.10 C$/US$.

(2) For additional details relating to the estimates of mineral reserves and resources at the Reed mine, including data verification and quality assurance/quality control processes refer to the “Pre-Feasibility Study Technical Report on the Reed Copper Deposit, Central Manitoba, Canada” as filed on SEDAR by VMS Ventures Inc. on May 14, 2012.

Reed – Inferred Mineral Resources – September 30, 2014(1)

Tonnes Cu (%)

Zn (%)

Au (g/t)

Ag (g/t)

205,000 4.80 0.53 0.41 5.14

Notes: (1) Mineral resources that are not mineral

reserves do not have demonstrated economic viability. The above mineral resources are exclusive of reserves and were estimated using the same metals prices as were used for the estimate of mineral reserves at Reed.

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POWER STATION – POLISHING POND

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VENTILATION SHAFT

REED MINE EXPLORATION

Ramp has reached the 285 metre level. Ore development currently on the 135, 210 & 235 meter levels.

Borehole Pulse Electromagnetic targets indicate the deposit remains open at depth.

Drilling to test for additional new ore zones will begin once underground development reaches depth and exploration drift driven. (Approx. 300 metre level)

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Open Down Plunge

500-200 West Esplanade North Vancouver, BC Canada V7M 1A4

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