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Pressure washing, Roof, Repair, Painting,Leaking, Aberdeen.Call: 0800 043 0459 - Video

SHANGQIU, China (Reuters) - Liu Tao knows he will never be rich enough to own one of the luxury apartments in Beijing that he has been paid to decorate for more than a decade, but he's saving hard so that in another 10 years he'll have enough for a home with indoor plumbing.

Like many of the 158 million rural migrant workers whose annual pilgrimages to city factories have fuelled China's economic ascent, Liu has seen his pay and living standards rise steadily, but he still isn't the free-spending consumer the country's leaders urgently want him to be.

"I need to save up to take care of the kids and I've got the old people to look after," the 37-year-old father of three told Reuters, standing in the unheated, sparsely furnished main room of his house in Zhoulou village, about an hour's drive from Shangqiu in Henan province, southwest of Beijing.

Liu's main spending constraint is not earning power.

His 3,000-4,000 yuan ($75-635) per month is well above the average migrant pay of 2,049 yuan charted by statistics -- but a permit system (hukou) that denies millions of officially rural residents access to social services in cities where they work.

"If you go to the big cities and you see all the tower blocks and tall buildings, they've been built by migrant laborers, but we don't see any of the benefits. The government needs to make sure more of that wealth is shared with migrant laborers," Liu said.

It's a vital message for a Chinese leadership anxious to turn a nation of savers into spenders and rebalance the world's second biggest economy towards its huge domestic market. That would cut dependence on external demand jolted by financial crises twice in three years, with current trends pointing to the slowest year of economic expansion in a decade.

Stability and steady growth are core to the Communist Party's justification for more than 60 years of one-party rule, making it acutely sensitive to anything that could dislodge it. But the leadership has yet to show the will to grasp a reform that some of its own economic advisers say is crucial.

The 600 million people China has lifted out of rural poverty by 30 years of development remain far from urban affluence. Inequality soars beside skyscrapers and dollar billionaires and IMF data show that consumption as a share of disposable income has plunged 20 percentage points in the last decade.

With city dwellers topping 50 percent of the population for the first time last year, it signals that Beijing cannot unlock the potential of urbanization unless it reforms the hukou system to turn migration into permanent city settlement.

Access to schools, hospitals and other services is allocated by hukou, keeping them out of reach of migrant workers.

"The hukou system is preventing the arrival of the Lewis turning point," said Yukon Huang, a senior associate at the Carnegie Endowment for International Peace and a former student of Nobel-prize winning economist, Arthur Lewis, whose theory of economic development is a focus for investors and policymakers.

It postulates that once all excess labor in a developing economy has been absorbed into the workforce, further capital accumulation delivers self-sustaining wage and economic growth.

ELUSIVE SWEET SPOT

It's a sweet spot eluding Beijing, despite having turned its top companies into global leaders in terms of market share and profits, and amassing the largest store of foreign wealth on the planet at $3.18 trillion -- much of it the last 10 years.

Migrants have barely had a sniff of the riches, although they produce most of the economy's value added growth in the 200 million jobs they fill in the externally-focused factory sector.

The 95 million people of Henan province -- roughly the population of G7 members Canada and Britain combined -- generated per capita GDP of $3,600 in 2010 as some of China's most active migrant workers. It was barely a tenth of those G7 counterparts.

Wages have risen -- in double digits for years and by 21.2 percent in 2011, government statistics show. But so has saving.

Savings rates of between 30 and 70 percent were the outer ranges of a straw poll of workers in villages near Shangqiu and outside train and bus stations as people queued to get back to the factories after annual trips home for the Lunar New Year.

China officially has 80 trillion yuan on deposit at banks, with analysts estimating roughly the same amount exists under mattresses, confounding economic orthodoxy that says higher wages in the hands of the poor translate smoothly into spending.

"That's not the way we think," said Zhu Sheng, wrestling with the decision of whether to leave her young son with her parents in the Henan countryside and return to the Beijing telecommunications factory where she has worked for five years. She is reluctant to take much lower paid work locally.

"Migrant workers save a lot, that's true. We have to keep saving because we have to take of the kids and the old folks. I can't say how much I'd need to earn not to have to worry about saving," Zhu said.

"In the countryside we have televisions and washing machines already. I wouldn't want to buy another or just replace them unless I had to."

Zhu used a government rebate scheme to buy a new twin tub washing machine last year, spending about 600 yuan.

Her 2-1/2-year old boy was playing in the machine, watched over by his grandmother, in the courtyard outside the entrance to the open, unheated room in which Zhu was seated -- framed portrait of Mao Zedong, founder of Communist China, on the table beside her, with posters of reformist leader Deng Xiaoping and other leaders since then on the facing wall.

Zhu and many others like her save for housing, education and medical bills in the hope of a brighter future.

TOO WORRIED TO SPEND

Signs of those hopes are on display in the brown wheat and corn fields speckled with grave mounts. The most recent ones are festooned with colored paper models of new homes, cars and household goods -- symbols of the prosperity older farmers can only dream of for their afterlife and that of their children.

Research by the OECD Development Centre concludes that urbanization China-style confers only half the benefits it should -- improving income, but constraining consumption.

Factors like inflation also erode willingness to spend.

While most will readily agree that living standards are higher than they were a decade ago, they are far from well-off and feel the pinch of price rises acutely.

The annual rate of inflation hit a three-year high of 6.5 percent last July, exceeded the government's 4 percent target in every month of last year and was still above it in January 2012.

But that still understates the pain felt by rural residents who spend about 40 percent of household income on food, the average price of which rose by 11.8 percent in 2011.

Lorry driver Chen Qingguo estimates that it costs about 10,000 yuan a year to keep his 10-year old daughter fed, clothed, housed and schooled in the village where she and her two-year-old brother are left in the care of grandparents.

Employment contracts providing accommodation and food also inhibit spending. Living in dormitories offers few incentives to acquire goods or spend beyond occasional trips to nearby towns.

"My life's in the factory," said Li Jie, 30, who was heading to a Qingdao tyre factory on the east coast to earn 6,000 yuan a month at production line piece rates and up to 8,000 yuan if he works fast and hard.

Residency rights, or at least access in cities to medical benefits, would be a big help in unlocking migrant savings.

It would magnify the impact of urbanization unfolding across

interior provinces. Analysts at HSBC believe this process will turn China's 31 provinces from the equivalent of poor, Third World countries into places generating wealth like a union of second-tier developed and top-tier developing nations by 2020.

"For sustained growth, the most important source is continuous technological innovation and structural transformation," said World Bank chief economist Justin Lin, who believes China can follow an unprecedented 30 years of 9 percent-plus average growth with another 20 years at 8 percent.

Failure to pursue further fundamental economic restructuring could see it unravel. Get it right and China could grow and create jobs almost regardless of the external environment.

Foreign-funded firms employ about 40 million directly, while economists reckon that China creates about 10,500 jobs for every $100 million of goods it exports.

Total exports of $1.9 trillion in 2011 imply 200 million workers owed their livelihoods to foreign demand, about a quarter of all the people employed in China.

Without reform, that dependence will remain unbroken and the

rate of development will merely absorb the influx from the countryside. In 2011, some 21 million people -- roughly the population of Australia -- become urban wage-earners.

ECONOMIC WILDCARD

But that dynamic is the wildcard that some investors believe will keep growth ticking. It is already creating shortages of workers and raising wages outside major manufacturing towns.

As China accelerates development inland, closer to the homes of many migrants, it may be possible for them to find jobs in districts where they are officially registered.

In Shangqiu -- capital of China's Shang Dynasty in the second millennium BC -- recruitment agency worker Chen Xiaowei has seen no sign of a slowdown in demand for experienced staff.

"There's going to be a shortage of workers here again this year. People still prefer to work elsewhere for better pay, but the government is still attracting businesses here too. So the shortfall of workers is going to grow and that means the pay gap is going to have to close," he said.

"Things have already changed in recent years. We're catching up with the more prosperous parts of Henan, but we're not there yet."

(Editing by Ron Popeski)

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China's urban migrants hold key to domestic demand

LONDON, UNITED KINGDOM--(Marketwire -02/20/12)- Currys and PC World have exclusively teamed up with HP to launch the new HP Folio 13-1000ea Ultrabook. Available to buy from Currys and PC World - experts in laptop computing - exclusively for the next three months in-store and online, the HP Folio 13-1000ea is one of the new highly responsive Ultrabooks which are less than an inch thick and enjoy a fast boot up time.

Priced at GBP 899.99 and weighing less than 1.5kg, the Folio13-1000ea is just 18mm thick, and with a five hour battery life makes for perfect light-weight portable computing.

The 13.3" HD LED screen, which coupled with the Intel HD 3000 graphics and built-in Altec Lansing speakers, provides a fantastic and immersive audio visual experience whether surfing the web or watching the latest Hollywood blockbuster.

The new Folio 13-1000ea has a powerful 2nd generation Intel® Core™ i5-2467M processor and 4GB of RAM that makes for great power and performance, you can therefore be sure that multi-tasking will be made fast and easy, added to this there is a 128GB SSD hard drive for your storage needs. The Solid State Drive (SSD) is a great addition to the new HP Folio 13-1000ea as it accesses data faster, consumes less power, provides a longer battery life, produces less heat and is far quieter than a hard disk drive (HDD).

Ultra-thin and yet stacked with features, the Folio 13-1000ea has an impressive array of connection options with USB 2.0 and 3.0, WiFi, Bluetooth and Gigabit Ethernet. It's also easy to connect to other multi-media devices with full size HDMI, 3.5mm jack ports and a multi-format digital media card reader.

Mark Slater, Category Director for Computing at Currys and PC World, comments: "The next generation of laptop computing has arrived in store at Currys and PC World. We are expecting the new category of Ultrabooks, in particular the HP Folio 13-1000ea, to become one of our best-selling range of computing products."

For more information on the range of Ultrabooks available to buy at Currys and PC World, log on to http://www.pcworld.co.uk/gbuk/ultrabooks-978-commercial.html or http://www.currys.co.uk/gbuk/ultrabooks-781-commercial.html.

About Dixons

Currys and PC World are part of Dixons Retail plc, a specialist electrical retailer and services company which sells consumer electronics, personal computers, photographic equipment, communication products and domestic appliances. With over 1,200 stores and online services spanning 28 countries, Dixons is widely acknowledged as one of Europe's leading specialist electrical retailing groups. Dixons employs over 38,000 people and provides adequate training to ensure their personnel can provide top customer service on products ranging from televisions to ovens, washing machines and fridges.

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HP Folio 13-1000ea Ultrabook Available Exclusively at Currys and PC World

Statistics are expected to reveal that our salaries are rising more than price increases, in contrast to people's perceptions.

WE SHOULD be feeling wealthier, but economists and retailers predict it still won't be enough to encourage us to start spending again any time soon.

Wage figures on Wednesday are expected to show that salaries rose on average between 3.5 per cent to 4 per cent last year, more than the price increase on the things we buy. The data is likely to reflect continued strong wage growth in the resources, electricity, gas and water services industries, and in areas such as wholesale trade and construction.

The weakest wage growth is tipped to be in the sectors that did it tough last year and are still struggling: retail, accommodation and food services. But even in those industries, wages are expected to have matched the annual rate of price inflation of 3.1 per cent.

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CommSec has calculated that over the past four years, average wages increased 21.5 per cent, while prices rose 12 per cent. That's some serious extra spending power.

Yet we continue to save, we continue to pay down debt, and when we do shop we look for bargains. Consumer sentiment readings indicate we are still feeling relatively down about our lot, despite last week's bounce.

This is strange because, according to CommSec chief economist Craig James, many goods have never been cheaper - mainly because of the strong Australian dollar.

"Cars are at their most affordable in 35 years, while toasters, kettles, dishwashers, fridges and washing machines posted their biggest price drop in 40 years in the December quarter," he says.

So what gives? Macquarie Bank senior economist Brian Redican believes there are two things at play - wealth has been declining for people in the property and equity markets, while for households generally other costs, such as electricity, water, council rates and petrol, have been increasing substantially.

"Many households are seeing big cost rises that are not necessarily reflected in the CPI," he says. "With the continued uncertainty in the labour market, it's going to be a tough slog for retailers in 2012."

Besa Deda, chief economist at St George Bank, says the negative headlines surrounding Europe and the global economy are having an impact.

"Relative to the rest of the world, we are in a reasonably good position, but we just don't feel it," Ms Deda says. "That's why we are showing selective caution - the retail spending numbers are weak, but household consumption is still rising at a moderate pace."

Mr James says expenses such as home internet access, mobile phones and pay TV used to be discretionary but are now considered essential.

"Basically, we have found new uses for our money," he says. "We should be feeling wealthy but unfortunately it's the way people work - when anything is going up, we know about it in a big way but when it's going down, we take less notice.

"We've got bread and milk at $1. Supermarket price wars in meat, fresh fruit and seafood - in terms of food there are some good bargains on offer. But we notice it much more when the electricity bill goes up, when council rates go up and the price of petrol."

That's why Mr Redican says it will need some sort of circuit breaker to turn things around and get people spending again.

"A sharp fall in the Australian dollar will take a lot of the pressure off a lot of companies, and further cuts in interest rates would make everyone feel a lot happier," he says. "But it's hard to see either of those happening soon."

The big retailers are not feeling it yet. Margy Osmond, chief executive of the Australian National Retailers Association, says that the extension of the January sales were a sign that people were still not spending. "Retail is heading into the slowest quarter traditionally for the sector and with the Reserve Bank unlikely to move on the cash rate any time soon, there is little light at the end of the tunnel for the sector in the short term," she says. "Any growth in the sector is likely to be some way off and may not occur until well into the second half of 2012."

Mr James says the latest round of job cuts is only making it worse for consumer sentiment.

"A number of major companies are reassessing their strategy and are cutting jobs - this is not the sort of environment to go out there and spend like no tomorrow."

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Getting wealthier, feeling poorer

The city may have to return more than $2 million it collected from property owners in Golden Hill and South Park after a San Diego County Superior Court judge invalidated a special maintenance district that was formed in 2007.

The Greater Golden Hill Maintenance Assessment District will be dissolved after Judge Richard Whitney signed an order Feb. 9 to confirm a state appeals court ruling. The state 4th District Court of Appeal ruled Sept. 22 in favor of property owners challenging the district, which levied higher taxes in exchange for increased services such as litter removal, sidewalk sweeping, power washing, landscaping services, graffiti removal and trail and canyon beautification.

A maintenance district is a legal mechanism by which property owners can vote to assess themselves to pay for and receive services above and beyond what the city normally provides.

Golden Hill Neighborhood Association Secretary-Treasurer John Kroll said the city has assessed $476,000 a year from property owners over the last five years, a sum that adds up to $2.38 million. City officials could not confirm that figure.

“I’m very pleased with the decision,” Kroll said. “Now is the time for the City Council to retract their error and refund the $2 million they’ve collected from us.”

The city formed the district in August 2007 with the goal of providing improvements for the benefit of the properties in the district. However, property owners immediately challenged it.

When maintenance districts are formed, the voting is weighted based on the assessment that will be charged to an individual property. Part of the district included sections of Balboa Park, and property owners successfully argued that the weight assigned to city-owned land was improperly inflated.

The Golden Hill Neighborhood Association claimed the district would have otherwise been defeated.

Councilman Todd Gloria said Wednesday that the City Council moved toward shutting down the district in closed-session meetings and will not appeal.

However, residents may not see all their money returned because some of it has been spent, he said.

“There’s a disagreement over what should be refunded because services were rendered,” Gloria said. “People supplied these services and were paid. We’re going to do what the law requires us to do. We will do everything that we are required. We will work to make sure that everything the court has ordered is done.”

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Golden Hill maintenance district to dissolve

POSTED: 10:50 pm EST February 14, 2012
UPDATED: 7:33 am EST February 15, 2012

PITTSBURGH -- Residents at a community meeting on the Southside Tuesday night said they're sick of revelers partying and leaving messes behind."You feel like you're a prisoner in your own house," said Southside resident Rob Frank. "Everybody that lives here can probably say the same thing."The homeowners said they don't want to pay for extra security and cleanup."I think the burden of this is being put on the wrong people," one resident said. "It shouldn't be put on the homeowners. I'm not the one peeing in front of my house at night. I'm not the one tearing the bushes out of my yard at night.""It's always scary to think about paying more money," said neighborhood outreach coordinator Susie Puskar. "Realistically, the city isn't going to be able to do any more for the Southside. The Southside has already achieved a certain level of success, and at this point, if people want to see more services, they need to be able to have that control themselves."The residents at the meeting came up with a plan of action called the Southside Improvement District.Property owners, both residential and commercial, would pay an annual fee to receive regular security, litter cleanup, power washing and other services.The fees would be based on the total assessed value of the properties, but they wouldn't be more than $480 annually for residential property owners. Copyright 2012 by WTAE. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Community Meets About Mess On Southside

STOCKHOLM--(BUSINESSWIRE)-- Regulatory News:

In preparation for the Electrolux (STO:ELUXA)(STO:ELUXB) Annual General Meeting on March 27, the Electrolux Nomination Committee proposes the election of Ronnie Leten and Fredrik Persson as new Board members. The Committee also proposes re-election of Marcus Wallenberg, Lorna Davis, Hasse Johansson, Keith McLoughlin, Ulrika Saxon, Torben Ballegaard Sørensen and Barbara Milian Thoralfsson. Peggy Bruzelius and John S. Lupo have declined re-election to the Board.

Ronnie Leten is President and CEO of Atlas Copco AB, an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. For more than 25 years he has served in different executive positions within Atlas Copco, and he has been in his present role since 2009. Leten, born 1956, is a Belgian citizen and holds a Master of Science in Applied Economics from the University of Hasselt, Belgium.

Fredrik Persson is President and CEO of Axel Johnson AB, a group that builds and develops businesses within retail trading and trading-related services in the European market. He is Board Chairman and board member of several companies in the Axel Johnson Group, including Axfood AB, Axstores AB and Mekonomen AB. He is also board member of the Swedish Trade Federation (Svensk Handel), the Confederation of Swedish Enterprise (Svenskt Näringsliv), Svenska Handelsbanken Regionbanken Stockholm and Lancelot Holding AB. Persson, born 1968, is a Swedish citizen and holds a Master of Science in Economics from the Stockholm School of Economics.

The Electrolux Nomination Committee comprises Petra Hedengran (Chairman), Investor AB; Kaj Thorén, Alecta; Marianne Nilsson, Swedbank Robur funds; and Ingrid Bonde, AMF. The committee also includes Marcus Wallenberg and Peggy Bruzelius, Chairman and Deputy Chairman, respectively, of Electrolux.

Electrolux may be required to disclose the information provided herein pursuant to the Securities Market Act. The information was submitted for publication at 09.00 CET on February 15, 2012.

Electrolux is a global leader in household appliances and appliances for professional use, selling more than 40 million products to customers in more than 150 markets every year. The company makes thoughtfully designed, innovative solutions based on extensive consumer research, meeting the desires of today's consumers and professionals. Electrolux products include refrigerators, dishwashers, washing machines, cookers, air conditioners and small appliances such as vacuum cleaners, all sold under esteemed brands like Electrolux, AEG, Eureka and Frigidaire. In 2011 Electrolux had sales of SEK 102 billion and 58,000 employees. For more information go to http://www.electrolux.com/press and http://www.electrolux.com/news.

This information was brought to you by Cision http://www.cisionwire.com

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Ronnie Leten and Fredrik Persson proposed new Board members of Electrolux

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 14, 2012) - VMS Ventures Inc. (TSX VENTURE:VMS.V - News) ("VMS") is pleased to announce the results of a two-hole drill program and mechanical trenching on its 100%-owned Black Creek property. Two new zones of mineralization have been discovered.

Neil Richardson, VMS' Chief Operating Officer, states: "I am pleased with the results from our first phase of drilling and channel sampling on the Black Creek project. The VTEM anomaly tested by BC-11-002 has a strike length of 900 metres and is open at depth. The new base metal showing indicates the potential of a permeable breccia zone along the margin of the Cartier Batholith. Additional work is planned for 2012, including additional drilling, trenching and prospecting."

A total of 342 metres were drilled to test two separate Versatile Time-Domain Electromagnetic (VTEM) airborne geophysical anomalies with coincident magnetic highs. Hole BC-11-002 intersected 8.90 metres of 1.00 g/t Au, in a heterolithologic fragmental unit at the contact with an oxide to sulphide facies iron formation. Locally, the oxide facies iron formation is sulphidized and is mineralized with pyrite, pyrrhotite and minor chalcopyrite. A sulphide rich interval within the iron formation assayed 2.43% copper over 0.40 metres.

A new base metal showing was discovered in the central portion of the property by prospector John Brady. An excavator was utilized to remove overburden, followed by power washing of the outcrop, geological mapping and channel sampling. Highlights from the channel sample assays include 4.77% zinc, 1.17% copper, 23 g/t silver and 0.85% lead. This fracture-controlled mineralization is hosted by a gossanous andesitic unit within an intrusive marginal breccia zone of the Cartier Batholith, see figure #1 below.

To view Figure 1 associated with this news release, please click the following link: http://media3.marketwire.com/docs/VMSFig%201.pdf.

Black Creek Assay Data

----------------------------------------------------------------------------
Hole
Number From (m) To (m) Length (m) Cu % Zn % Au (g/t) Ag (g/t) Zone
----------------------------------------------------------------------------
BC-11-001 No Significant Assays
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BC-11-002 70.10 79.00 8.90 0.01 0.01 1.00 1.00 10
----------------------------------------------------------------------------
(i) True widths unknown
Black Creek Collar Information
----------------------------------------------------------------------------
UTM
UTM UTM Elevation Azimuth Length
Hole Number East (1) North (1) (1) (2) Dip (metres)
----------------------------------------------------------------------------
BC-11-001 504774.00 5186200.00 357.00 280.00 -45.00 162.00
----------------------------------------------------------------------------
BC-11-002 503002.00 5186803.00 336.00 250.00 -50.00 180.00
----------------------------------------------------------------------------
(1) Universal Transverse Mercator/North American Datum 1983/Zone 17
(2) "Azimuth" is degrees from True North

The Black Creek property is located 20 km north of the town of Capreol, Ontario, and consists of 63 claim blocks covering an area of approximately 1,501 hectares. Two (2) diamond drill holes were completed for a total of 342 metres in this first phase of drilling. Additional follow-up work on this project is scheduled for summer 2012 with mechanical trenching, prospecting and drilling.

For additional details on exploration on our Black Creek property, see VMS' press releases issued between April 6, 2010 and October 26, 2011, available at http://www.vmsventures.com.

Qualified Person

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and Vice President of Exploration and Technical Services, VMS Ventures Inc.

Quality Assurance and Quality Control

Exploration core drilling was BQTK size. The core was logged and mineralized intersections were marked for sampling and assaying by geologists and geotechnicians employed by VMS Ventures Inc. The marked intersections or intervals were sawn in half by a diamond saw and one half of the core was placed in plastic bags and tagged with unique sample numbers, while the second half was returned to the core box and stored. Chemical analyses reported in this press release were performed by ALS Chemex Laboratories in Vancouver, BC, where it was dried, crushed and pulverized and a 250-gram sample was prepared for assaying. From each 250 gram sample 0.50 grams was removed and leached in aqua regia and analyzed by ICP-AES for Ag, Cu, Zn, As, Pb, Ni and Fe. Gold was analyzed by fire assay using a 30g charge, with gravimetric finish. Sampling and analytical procedures are subject to a comprehensive Quality Assurance and Quality Control program that includes duplicate samples, blanks and analytical standards.

About VMS Ventures Inc.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.

VMS Ventures owns approximately 45% of North American Nickel Inc. (TSX VENTURE:NAN.V - News). For more information on North American Nickel Inc., please visit http://www.northamericannickel.com.

Forward-Looking Statement

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.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, President

VMS Ventures Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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VMS Ventures Drills 8.90 Metres of 1.00 g/t Gold in Hole BC-11-002 and Mechanical Trenching Uncovers Base Metal ...