SEY Seymour Ventures Corp

Seymour Ventures' (the "Company") (TSX VENTURE: SEY)(FRANKFURT: 3CK1)(WKN: A1C08G) wholly owned subsidiary Rare Earth Industries Ltd, ("REI"), is pleased to announce that work is beginning on its recently-acquired Phantom Pegmatite project in Fremont County, Colorado - a former producer of tantalum and beryllium, as well as on the Henry Pegmatite, also in Fremont County. The two sites are located approximately 45 miles apart, connected by the CO-50 highway. Please see the Company's announcements on May 5 and May 16, 2011, for details of these acquisitions. The Company also wishes to announce the appointment of critical metals specialist, James Hedrick, to the Company's advisory board. For over 30 years, Mr. Hedrick was the commodity specialist for the US Geological Survey for a number of critical materials, including rare earth elements.

The Phantom Pegmatite produced small commercial quantities of tantalite and beryl during 1962. REI is undertaking to assess and quantify the potential for tantalum, niobium, beryllium, lithium and other critical materials at the property. The Henry Pegmatite formerly produced potash feldspar beginning in 1939. The Henry Pegmatite has been classified as a euxenite-type pegmatite, which is typically rich in heavy rare earth elements ("HREE"). A suite of HREE-enriched minerals have also been discovered throughout the site, as well as minerals rich in zirconium, hafnium, tantalum and niobium. REI is undertaking to assess and quantify the rare earths and rare metals potential at these properties.

Though the Company believes that mining only represents a small portion of the overall value chain in rare earths and rare metals, raw material supply is still an essential ingredient. The USA in particular does not participate in many of these value chains, and has not done so for decades. As a result, the USA is forced to import 100% of its rare earth elements, 100% of its tantalum, 100% of its niobium, and over 50% of its lithium. These critical materials are essential in a multitude of industries and consumer products, and in most cases, no suitable replacements exist. Tantalum is essential for the production of capacitors. Niobium is essential for superalloys and high-strength steel used in the aerospace and energy industries. Rare earth elements are essential for the production of permanent magnets used in motors and industrial turbines. Lithium has become the de facto material of choice for rechargeable battery technology globally.

By acquiring and developing mineral properties which meet the Company's specific criteria for potential raw materials supplies - namely: historical production, very low cost of entry, certain rare earths and rare metals mineralogies, or existing resource estimates - REI strives to achieve this small though essential part of the value chain more quickly and more efficiently than its peers. Raw material supplies are meant to fit into the Company's corporate objective of developing complete rare earths and rare metals supply chains - from discovery of resources, through to OEM product component manufacture, and everything in between.

James Hedrick, the newest addition to REI's advisory board, will advise the Company on various aspects of its projects in the USA and elsewhere, helping to determine economic and technical viability, guiding development, and advising on downstream appropriateness of raw materials.

Mr. Hedrick recently retired from his position as the rare earth commodity specialist for the U.S. Geological Survey ("USGS") after 31 years of service. Mr. Hedrick has studied all aspects of the rare earth elements sector for the United States government. His responsibilities included the preparation of the USGS's annual mineral commodity surveys and the minerals yearbooks for rare earth elements, zirconium, hafnium thorium and mica. Prior to the USGS, Mr. Hedrick worked with the U.S. Army Corps of Engineers (civilian) and the U.S. Bureau of Mines. Within those roles he has researched strategic deposits, prepared cost feasibility studies, and reviewed environmental impact statements. He has also published over 300 articles and professional papers on mineral commodities. Mr. Hedrick is an honors graduate of James Madison University with BSc degrees in Geology and General Science, and did graduate study at North Carolina State University.

Alastair Neill, president of Seymour Ventures, stated, "The appointment of Jim signifies REI's commitment to working with industry leading personnel. Jim's vast experience with the geoscience and market dynamics of rare earths and other critical metals will greatly benefit the advancement of REI's recently acquired projects in Colorado, as well as all its other downstream plans for the future."

ABOUT SEYMOUR VENTURES CORP.

Seymour Ventures through its wholly-owned subsidiary, Rare Earth Industries Ltd ("REI"), is a mineral exploration company with the objective of building an 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.

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.

Contacts: Media Contacts: Seymour Ventures Corp. Rob Smith, Chief Executive Officer (604) 558 0022 (604) 608-3282 (FAX) rsmith@rareearthindustries.com Seymour Ventures Corp. Dan Sutton, Investor Relations (604) 558 0022 Cell: (604) 218 8371 (604) 608-3282 (FAX) dsutton@rareearthindustries.com