SEY Seymour Ventures Corp

Seymour Ventures' (TSX VENTURE:SEY)(FRANKFURT:3CK1)(WKN:A1C08G) wholly owned
subsidiary Rare Earth Industries Ltd (REI), is pleased to announce that it has
secured a past-producing tantalum exploration property in Fremont County,
Colorado, known as the Phantom Pegmatite Project. The Phantom Pegmatite shipped
small commercial quantities of tantalum and beryllium in 1962. REI has also
secured the contiguous Oliver Claims which were also the subject of historical
exploration work.


A total of 55 claims were staked from the US Bureau of Land Management, and
consist of 1,136 acres. The claims are located approximately 27 kilometers
northeast of Canon City, CO, and are easily accessible by road. Existing
infrastructure will greatly assist REI in conducting exploration work.


The Phantom Pegmatite contains known tantalum, niobium, and beryllium
mineralization, as reported in the US Geological Survey Professional Paper #227.
A small artisanal mining operation in 1962 shipped tantalite-enriched beryl
concentrate to the government-owned smelting facility in Custer, South Dakota,
as reported in the February 1994 edition of the Mining Journal. The Bureau of
Mines Information Circular 8298 described the occurrence as being 2,500 feet
long and 65 to 200 feet wide. Depth extensions of the mineralization are not
known.


REI will develop a thorough exploration program to fully quantify and assess the
tantalum, niobium, beryllium and lithium potential of the Phantom Pegmatite.
This will include mapping, geophysical analysis, trenching and sampling, and
design of an initial drill program to outline resources. Specifically, REI will
look to identify additional high value drill targets. 


Seymour's Qualified Person, Fred Breaks, PhD, will develop and supervise the
exploration work and will author the initial Canadian National Instrument 43-101
technical report for the property, as well as continuing updates as work
progresses. 


The acquisition of these properties is consistent with REI's vision and plan to
develop a vertically-integrated rare earths and rare metals production supply
chain that will focus on adding significant value throughout the production
cycle. Securing potential rare metal production properties meets REI's
acquisition mandate of being either advanced stage assets, or assets with
significant potential.


Frederick W. Breaks, PhD, PGeo. is the Qualified Person responsible for the
Phantom Pegmatite Project, and has read and approved the technical disclosure
contained in this news release. 


ABOUT SEYMOUR VENTURES CORP. 

Seymour Ventures through its wholly-owned subsidiary, Rare Earth Industries Ltd
(REI), is building a vertically-integrated industrial enterprise focused on the
high-value processing and separations of rare earth elements and rare metals.
The company was formed by executives from the fields of specialized rare earths
geology, mine development, chemical processing, and marketing and distribution
of finished rare earths products. REI is focused on developing an
environmentally sustainable supply chain for rare earths and rare metals sourced
entirely outside of China. Rare earth elements are used in magnets for electric
vehicles, display screens for electronics, rechargeable batteries and other
high-demand products. REI's parent company, Seymour Ventures, is publicly traded
on the TSX Venture Exchange under the symbol SEY. 


www.rareearthindustries.com 

Safe Harbor Statement

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.

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