BSH Bayshore Petroleum Corp

Bayshore Petroleum Corp. (TSX VENTURE:BSH) ("Bayshore" or the "Corporation") is
pleased to announce its intention to complete a private placement of 200,000
common shares of the Corporation ("Common Shares") at the price of $0.30 per
Share for gross proceeds to the Corporation of $60,000 (the "Private
Placement"). The placement is subject to Exchange approval, and Shares issued
under the Private Placement will be subject to a four month hold period.


Proceeds of the Private Placement will be used to fund the Corporation's ongoing
work program in its Saskatchewan oil and gas properties and for general
corporate purposes. 


Bayshore is a Calgary, Alberta based Corporation engaged in the exploration,
development and production of petroleum and natural gas. The Common Shares are
listed on the TSX Venture Exchange under the trading symbol "BSH". 


Cautionary Statements

Statements in this press release may contain forward-looking information
including expectations of future production, operating costs, commodity prices,
administrative costs, commodity price risk management activity, acquisitions and
dispositions, capital spending, access to credit facilities, income taxes,
regulatory changes, and other components of cash flow and earnings. The reader
is cautioned that assumptions used in the preparation of such information may
prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the company. These risks include, but are not limited to, the risks associated
with the mining industry, commodity prices and exchange rate changes. Industry
related risks could include, but are not limited to, operational risks in
exploration, development and production, delays or changes in plans, risks
associated to the uncertainty of reserve estimates, health and safety risks and
the uncertainty of estimates and projections of production, costs and expenses.
The reader is cautioned not to place undue reliance on this forward-looking
information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bayshore Petroleum Corp.
Peter Ho
President and Chief Executive Officer
403-265-8820

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