Seymour Ventures Announces Launch of 2011 Exploration Program on the Mount Bisson and Xeno Rare Earth Properties

Seymour Ventures' (TSX VENTURE:SEY)(FRANKFURT:3CK1)(WKN:A1C08G) wholly owned
subsidiary Rare Earth Industries Ltd. (REI) is pleased to announce that it has
commenced the exploration work program on the Mt. Bisson and Xeno rare earth
properties, located in the Omineca Mining Division, approximately 50 kilometers
NW of Mackenzie in central BC. REI has the right to earn a 60% interest in the
properties from Paget Minerals by spending $1,050,000 over three years to
develop the property, including $350,000 in 2011.

The initial discovery of rare earth element mineralization on the Mount Bisson
property was made by Halleran in 1986 with total rare earth element (TREE)
contents as high as 13.5 wt.% in grab samples from the Laura occurrence. Recent
exploration conducted on the property by Paget Minerals, from 2007-2010, has
confirmed the historical exploration, revealing the widespread dissemination of
various rare earth bearing minerals including allanite, titanite, apatite and
rare-earth element-bearing epidote.

The lithochemical sampling programs of Paget Minerals, which amassed more than
100 grab samples, resulted in discovery of high grade REE mineralization at a
new occurrence where 8.64 wt.% TREE was documented in a August 25, 2010
news-release of Paget:

http://www.pagetminerals.com/s/NewsReleases.asp?ReportID=415854&_Type=News-Releases&_Title=Paget-Minerals-Discovers-High-Grade-Rare-Earths-At-Mt.-Bisson

However, it is cautioned that the QP has not yet verified the mineralization at
this new showing and intends to undertake an examination during the 2011 field
season.

Mineralogical assessment of these samples by Paget Minerals has confirmed that
allanite is the main rare earth element mineral. Mineral analyses of allanite
from the Laura occurrence revealed a mean value of the light rare earth elements
La2O3+Ce2O3+Pr2O3+Nd2O3 of 20.3 wt.% based upon 166 compositions.

Higher La2O3+Ce2O3+Pr2O3+Nd2O3 values of 33.8 and 40.1 wt.%, beyond the normal
limits for allanite, were also found and possibly represent an unidentified
REE-rich silicate mineral. This work also revealed very low values of thorium
oxide in the allanite minerals at this occurrence (within a range of 0.00 to
0.10 wt.%) as well as very low values of uranium oxide (within a range of 0.00
to 0.09 wt.%). The very low radioactive mineral content of these samples makes
them potential ore minerals. Additional technical details regarding the Mt.
Bisson mineralization can be found on REI's website www.rareearthindustries.com.

Field work is scheduled to commence in early June, 2011 and will consist of
geophysical mapping, trenching and sampling to identify drill targets for
continued investigation and the development of a resource model for the
property. Samples have been shipped to Anthony Mariano, Ph.D., a member of
Seymour Ventures' advisory board, for metallurgical and petrological analysis,
in an attempt to determine the amenability of the minerals to chemical
separation.

Alastair Neill, president of Seymour Ventures, stated, "The unusually high
grades of rare earth oxides and initial reports of anomalous heavy rare earth
values are very encouraging and put together with the minimal radioactive
elements make these very positive indications. We are extremely enthusiastic
about these prior results, and we are eager to begin work on this project."

Frederick W. Breaks, Ph.D., P. Geo. is the Qualified Person responsible for the
Mt. Bisson and Xeno properties, and has read and approved the technical
disclosure contained in this news release. The exploration data summarized in
this news-release were taken from NI 43-101 Technical Report for Seymour
Ventures Corp. "Geological report on the Mount Bisson rare-earth element
claim-group" by Frederick W. Breaks, dated November 28, 2010, unless otherwise
indicated.

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.

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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