SEYMOUR EXPLORATION CORP.
102 - 957 Cambrian Heights Drive
Sudbury, ON  P3C 5M6
(the "Company")

NEWS RELEASE

November 15, 2005

Seymour Exploration Announces $2.25 Million Financing

Sudbury, Ontario – November 15, 2005 – Seymour Exploration Corp. (TSX-V: SEZ) announced today that it intends to raise $2.25 million in a private placement of Flow-Through Common Shares and Units. Dundee Securities Corporation has been engaged to act as lead agent in connection with the offering.

Under the terms of the planned financing, the Company plans to issue up to 7,500,000 Flow-Through Common Shares at $0.20 per share, for gross proceeds of $1,500,000 and up to 3,750,000 Units at $0.20 per Unit, for gross proceeds of $750,000. Each Unit will consist of one common share of the Company and one common share purchase warrant of the Company entitling the holder, for a period of eighteen months following the closing of the financing, to acquire one share of the Company for $0.30.

The Company has agreed to pay the agents a commission of 8% of the gross proceeds raised in the offering and to grant the agents broker warrants entitling the agents, for a period of twelve months, to acquire, at a price of $0.25 per common share, the number of common shares equal to 8% of the number of Units and Flow-Through Common Shares issued in connection with the financing.

The proceeds of the Flow-Through Common Share issuance will be used to fund the phase one exploration program on its wholly-owed Lynn Lake nickel property. Details regarding this exploration program are contained in the Company’s September 27, 2005 press release, as well as in the Company’s recently filed technical report in respect of the Lynn Lake property, available on SEDAR.

The proceeds of the Unit financing will be used for general working capital purposes and to undertake an economic scoping study in respect of the Lynn Lake property.

“The completion of this financing and the initiation of the phase one exploration program at Lynn Lake are the next logical steps in the systematic execution of the Company’s clearly defined strategy to deliver value to shareholders through resource building at Lynn Lake.” stated Seymour Exploration President and CEO, Richard Murphy, “It is notable that the exploration program that we will begin this fall represents the first nickel exploration that has been seen at Lynn Lake in over thirty years.”

Terms of the financing are subject to regulatory approval.

Seymour Exploration Corp.’s objective is to demonstrate the economics of reopening the former Lynn Lake nickel mine. The Company plans to add to the existing mineral resource through exploration.

FOR FURTHER INFORMATION PLEASE CONTACT:

Seymour Exploration Corp.
Richard Murphy, President and CEO
Tel: (705) 698-1962

Email: info@seymourexploration.com

957 Cambrian Heights Drive
Suite 102
Sudbury Ontario  P3C 5M6

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.

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