VMS Ventures Updates Shareholders on Stockhouse Bullboard Posters

Friday, November 30, 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2012) - VMS Ventures Inc. (the "Company") (TSX VENTURE:VMS) is pleased to announce that the Company has now obtained the relevant court orders requiring the internet service providers for the posters known as "axeman#", "tamerackerdown" and "nttg2005" to disclose the identity of these posters. In three separate petitions filed against the internet service providers filed on November 15, 2012, the Company alleged that the posters published a series of false and malicious posts about the Company on the website: www.stockhouse.com (the "Stockhouse Website") over various periods from November 2, 2010 to May 10, 2012.

The Company had previously obtained orders against the Stockhouse Website for production of the IP addresses of these posters, and these recently obtained orders will allow the Company to connect the IP addresses to the names and addresses of these posters. The Company is awaiting production of the names and addresses pursuant to these orders and intends to pursue all legal options available against these posters in order to protect its reputation.

The Company would like shareholders to know that it has now reached a settlement with the poster known as "U3082014" regarding posts made on the Stockhouse Website from April 15, 2011 to August 27, 2012. The poster known as "U3082014" has now provided all relevant contact information to the Company and has posted a formal apology to the Company on the Stockhouse Website. Other terms of the settlement are confidential.

The full text of the apology as provided to the Company and posted on the Stockhouse Website is as follows:

Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31847505&l=0&r=0&s=VMS&t=LIST#yoAAJeKrjH3KQEAO.99