Seymour Ventures Corp.

March 16, 2011 15:30 ET

Seymour Ventures Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 16, 2011) - Seymour Ventures Corp. ("Seymour" or the "Company") (TSX VENTURE:SEY) is pleased to announce that Robert Chisholm has been appointed to the Board of Directors of the Company.

Mr. Chisholm is currently the Chief Financial Officer ("CFO") for Emprise Capital Corporation, a private merchant banking firm, and serves as a director, and audit committee member of a number of public companies. Mr. Chisholm is a professional accountant with over 25 years experience in finance and administration, including serving as CFO for PNI Digital Media Inc. for more than 7 years.

Mr. Chisholm will continue to serve as a director of the Company upon completion of the acquisition (the "Acquisition") of Rare Earth Industries Ltd. (formerly REE Mining Corp.) ("REI") by Seymour as announced on September 29, 2010. 

Completion of the transaction with REI is subject to a number of conditions, including TSX Venture Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. 

Investors are cautioned that, except as disclosed in the Filing Statement to be prepared in connection with the transaction with REI, any information released or received with respect to the Change of Business may not be accurate or complete and should not be relied upon. Trading in securities of Seymour Ventures Corp. should be considered highly speculative. 

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction with REI and has neither approved nor disapproved the contents of this press release. 

Trading in the common shares of Seymour will remain halted until certain additional filings are made with the TSX Venture Exchange. 

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

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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