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SEYMOUR EXPLORATION CORP.
102 - 957 Cambrian Heights Drive
Sudbury, ON  P3C 5M6
(the "Company")

NEWS RELEASE

January 20, 2006

TSX Trading Symbol: SEZ Telephone: 705-521-1577
Email: info@seymourexploration.com Facsimile: 705-521-1845
 

Seymour Exploration Announces Share Sale

Sudbury, Ontario – January 20, 2006 – Seymour Exploration Corp. (TSX-V: SEZ) Further to the Company’s news releases issued January 19, 2006, the Company reports that certain directors and officers of the Company have arranged a sale of 2,000,000 shares of the Company, at a price of $0.27 per share, through the facilities of the TSX Venture Exchange. The proceeds from this sale will be used to fund a private placement of 2,000,000 units of the Company at a price of $0.25 per unit, each such unit being comprised of one common share of the Company and one non-transferable share purchase warrant entitling the holder to the purchase of an additional common share of the Company for a period of two years at a price of $0.35.

Proceeds from the private placement will be used to fund working capital. The private placement is subject to regulatory approval.

FOR FURTHER INFORMATION PLEASE CONTACT:

Seymour Exploration Corp.
Richard Murphy, President and CEO
Tel: (705) 698-1962

Email: rmurphy@seymourexploration.com

957 Cambrian Heights Drive
Suite 102
Sudbury Ontario  P3C 5M6

This document may contain forward-looking statements relating to Seymour Exploration Corporation’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Seymour’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Seymour disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

 

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