Curt Doussett from "America's Lost Treasures" and "Hazard Pay" is to serve as host of the show, which is set to premiere June 4.
"'Exit' is a heart-pounding adrenalin rush of a competition series that truly embraces imagination, forcing its eager contestants to experience twisted and visual brain puzzles while navigating booby-traps, receding floors, collapsing walls, bottomless sand pits and much more," Mark Stern, Syfy's president of original content, said in a statement.
In each episode, four teams of two contestants will battle to escape a series of four "mind-bending and seemingly diabolical rooms," the network said.
"The winning team must beat the clock while solving rapid-fire brain games and navigating a bevy of terrifyingly entertaining puzzles in order to be the only team to truly exit and win the $10,000 prize."
2014: The Year in Music [PHOTOS]