SEY Seymour Ventures Corp

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.

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