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SEYMOUR EXPLORATION CORP.
8th floor, 700 West Georgia St.
Vancouver, British Columbia V7Y 1H4
(the "Company")
NEWS RELEASE
March 31, 2005
| TSX Trading Symbol: SEZ |
Telephone: (604) 688-5866 |
| Email: 3mcc@telus.net |
Facsimile: (604) 488-0787 |
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Seymour Exploration Corporation Completes Acquisition of Lynn Lake
Nickel Mine
Vancouver, British Columbia – March 31, 2005 – Seymour Exploration
Corporation (TSX-V: SEZ) is pleased to announce the closing on March
30, 2005 (in escrow pending completion of registrations) of its purchase
of the Lynn Lake Nickel Mine and other properties as announced in
Seymour's February 14, 2005 press release.
As a result of the Lynn Lake property acquisition (registration
pending), Lynn Lake Nickel Mining Company Limited (Seymour's
wholly-owned subsidiary), will own mining leases and mining claims which
include the Lynn Lake Nickel Mine subject to a 2% net smelter royalty.
The purchase consideration was the issuance of 1,000,000 common shares
in the capital of Seymour and the commitment of Lynn Lake Nickel Mining
Company Ltd. to spend $100,000 on exploration and development of the
property before January 1, 2006. The shares issued on the transaction
may not be traded prior to 4 months and a day following the closing. No
securities were issued as bonuses, finders' fees or commissions in
connection with the transaction.
Richard Murphy, P.Geo and a director of Seymour Exploration
Corporation, is the Qualified Person responsible for the technical
content of this press release.
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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