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SEYMOUR EXPLORATION CORP.
8th floor, 700 West Georgia St.
Vancouver, British Columbia  V7Y 1H4
(the "Company")

NEWS RELEASE

February 14, 2005

TSX Trading Symbol: SEZ Telephone: (604) 688-5866
Email: 3mcc@telus.net Facsimile: (604) 488-0787
 

Seymour Exploration Purchases Lynn Lake Nickel Mine

Toronto, Ontario – February 14, 2005 – Seymour Exploration Corporation (TSX-V: SEZ) today announced that it has successfully arranged the purchase of the historic Lynn Lake Nickel Mine property in northern Manitoba. Seymour will issue to the vendor, Black Hawk Mining Inc. and its wholly owned subsidiary 2791341 Manitoba Ltd., 1 million shares subject to exchange approval and receipt of title opinion.

The property covers the past producing Lynn Lake Nickel Mine and includes the highly productive “A plug” intrusion, which hosted 10 orebodies. The Lynn Lake Nickel Mine was operated by Sherritt Gordon Mines Ltd. continuously from 1953 to 1976. A total of 20.1 million tonnes of ore was mined at an average grade of 1.023% nickel and 0.535% copper.

An historical estimate based on extensive records from the mine office of un-mined mineralization in the partially developed ‘N’ and ‘O’ orebodies on the property includes 5.76 million tons grading 0.80% nickel and 0.32% copper including a higher grade portion of 2.32 million tons grading 0.92% nickel and 0.34% copper. The cobalt, platinum, palladium and gold content of this material are not known. This historical estimate was prepared long before the adoption of National Instrument 43-101 and therefore does not comply with current filing regulations. In this regard, Wardrop Engineering of Winnipeg has been retained to prepare a NI 43-101-compliant technical report on the property.

Previous exploration of the “A plug” was focussed on the developed levels, leaving large areas outside them with excellent exploration potential. Following completion of the technical report, diamond drilling combined with modern geophysical and geochemical exploration techniques will be employed on the property for the first time, in a search for new mineralization. These techniques which are now industry standard, were unknown to the original operators in the 1960’s when the property was last explored.

A company called Lynn Lake Nickel Mining Company Ltd. has been incorporated to develop the property. Under the terms of an underlying Strategic Alliance agreement with Wallbridge Mining Company Limited, Wallbridge has the right to earn a 50% interest in Lynn Lake Nickel Mining Company Ltd.

As part of this transaction, Lynn Lake Nickel Mining Company Ltd. is also acquiring three base metal exploration properties in the Lynn Lake greenstone belt. Two of these base metal properties (the Lar and Wellmet properties) host significant copper-zinc-gold mineralization. All data from the Lar and Wellmet base metal properties will be compiled and evaluated with a view to reinitiating exploration around the known VMS style copper-zinc-gold mineralization.

Remarking on the completion of this transaction Conrad Swanson, President and CEO of Seymour stated “Statistically, the Lynn Lake nickel mining camp is North America’s third largest nickel sulphide producer, behind only Sudbury and Thompson in total production, yet strange as it may seem, it has not been subject to any nickel exploration in decades. Seymour is confident that this acquisition constitutes a unique opportunity for the company’s development.”

Appointment of Mr. Kerry Knoll to Board of Directors

The Company wishes to welcome Mr. Kerry Knoll to the Board of Directors. Mr. Knoll has been President of Glencairn Gold Corporation since its incorporation in 1987. He is also the co-founder and past President of Wheaton River Minerals Ltd. Other accomplishments during Mr. Knoll’s career include terms as the Editor of both The Northern Miner Magazine and the Canadian Mining Journal.

The Qualified Person responsible for the technical content of this press release is Richard Murphy, P.Geo, a Director of Seymour Exploration Corporation and Vice President Corporate Development of Wallbridge Mining Company Limited.

This document may contain forward-looking statements relating to Seymour Exploration Corporation’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Seymour’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Seymour disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

 

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