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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
 

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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