Bayswater: Drilling at Kilgore Project in Idaho Finds More Gold

Bayswater Uranium Corporation (TSX-V: BYU),
(OTC: BYSWF)
reports that Otis Gold Corp ('Otis?) has announced drill results
from the first five holes of its 2010, 32-core hole, 6,000-metre program
at Bayswater′s Kilgore Gold Project, in Clark County, Idaho, in which
Otis can earn up to a 75% interest. The drill results comprise
significant, potentially bulk-mineable, open-pittable intercepts.
Highlights of these first five drill holes, listed in Table 1 below,
include intercepts of 55.5 metres (m) of 1.36 grams per tonne gold
(g/t Au) in hole 10 OKC-208 and 30.4 m of 2.53 g/t Au in hole 10
OKC-210. All five holes were drilled as in-fills in areas where
historic wide-spaced drilling resulted in gaps that require further
closer spaced drilling to confirm deposit continuity.

Table 1. 2010 Kilgore Gold Project Drill Highlights ? First Five Holes

These new intervals, in combination with other significant bulk-tonnage
intercepts determined for a number of Otis′s core holes drilled during
2008 and 2009 in the nearby higher-grade Mine Ridge core area of the
deposit (Otis October 7 and December 16, 2009 and March 23, 2010 News
Releases), all support a high degree of confidence concerning continuity
of mineralization throughout the deposit and further indicate
mineralized thicknesses and average grades that are noticeably greater
than those constituting the majority of the intervals comprising the
historic Kilgore NI 43-101 compliant resource (Otis March 2, 2009 News
Release). Based on these new results, Otis continues to expect that
there is a strong possibility to increase the overall size, grade, and
economic viability of the Kilgore deposit. Three dimensional computer
modeling of the deposit is being initiated and is expected to be
completed Winter 2011 after all the 2010 drill results have been
obtained and incorporated into the database.

As a continuation of Otis′ highly successful 2008 and 2009 drilling
programs of the deposit′s higher-grade, 200-metre wide, Mine Ridge core
area, this year′s aggressive drill program is being conducted as
first-round in-fill and extension of the much larger 800-metre-long and
400-metre-wide Kilgore deposit area surrounding Mine Ridge. Much of this
area was historically drilled on extremely wide, 60- to 120-metre-spaced
centers, with in-fill and extension drilling necessary to more fully and
clearly evaluate the deposit. Historic drilling was conducted by Bear
Creek, Pegasus Gold, Placer Dome U.S., and Echo Bay Mines from
1983-1996, while exploring the property for a bulk-tonnage gold deposit
(Otis June 10, 2008 News Release). Core holes 10 OKC-208 containing
55.5 metres @ 1.36 g/t Au and 10 OKC-210 containing 30.4 metres @
2.53 g/t Au (Table 1) indicate that additional significant
bulk-tonnage gold mineralization exists and extends at least 120 metres
west and east, respectively, of the deposit′s Mine Ridge core area.

Locations of these first five holes, which total 954 metres of drilling,
and their corresponding assay intercepts, are shown in a drill-hole
location map available on the Otis Gold Corp. website at www.otisgold.com/projects/kilgore/.

Analysis and Otis QA/QC Program

All assay work was performed by ALS Chemex Labs, Vancouver, B.C., which
has ISO 9001:2008 quality management system certification and ISO
17025:2005 Vancouver Lab technical capability accreditation. A 50-gram
pulp of all samples was assayed for gold by Fire Assay/AA finish
methods. Certified reference materials, duplicates, and blanks were
inserted into the sample stream for quality control.

True bulk-tonnage widths are estimated to be between 90% and 100% of the
drilled interval, based on their estimated dip, association with diking,
and continuity of mineralization between drill holes. The HQ3-size core
drilling is being performed by Timberline Drilling, Inc., Coeur d′Alene,
Idaho, employing two Sandvik DE-140 core drills outfitted with a
triple-tube core recovery system and face-discharge bits. Drilling
continues on a full-time, around-the-clock basis, with all results to be
reported throughout Fall 2010 as they are received.

John R. Carden, Ph.D., Lic. Geo., a Qualified Person with Otis, as
defined by National Instrument Policy 43-101, is responsible for the
technical information contained in this News Release.

In other news, Bayswater reports that it has terminated its interest in
the Baca uranium property, New Mexico held under option from Urawest
Energy LLC and Sedi-Met Inc. and in addition has abandoned other lode
claims held by the Company adjoining the property collectively referred
to previously as the Tejana Mesa project. The project is at a very early
stage and did not fit with Bayswater′s corporate focus to develop
advanced uranium projects to feasibility and production.

About Bayswater Uranium Corporation - The Super Junior Uranium Company
^TM

Bayswater Uranium Corporation is an international uranium exploration
and development company. The Company owns several advanced uranium
properties in the United States with significant NI 43-101 compliant and
historical resources that may be amenable to ISR and/or conventional
mining. With the acquisition of the Reno Creek Property in Wyoming, the
Company′s focus is to put Reno Creek into production in the shortest
period possible. The Company′s Elkhorn/Alzada Project, located
approximately 100 miles northeast of Reno Creek, is a planned
development project for future US production. As well, Bayswater is the
only uranium company to have major landholdings in each of Canada's most
important producing and exploration regions - the Athabasca Basin, the
Central Mineral Belt, and the Thelon Basin. Bayswater combines a
balanced portfolio of advanced and exploration projects with the uranium
expertise of its technical and managerial teams. To capitalize on
current market conditions and strong growth of the nuclear industry, the
Company will continue to pursue acquisition opportunities of
advanced-stage uranium projects with mid-term production potential.
Bayswater's vision is to build a major international uranium company.
Shares of the Company are listed on the TSX Venture Exchange under the
symbol 'BYU?.
For further information visit www.bayswateruranium.com.

On behalf of the Board of:

BAYSWATER URANIUM CORPORATION

Statements in this news release other than purely historical
information, including statements relating to the Company′s future plans
and objectives or expected results, constitute forward-looking
statements.Forward-looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties
inherent in the Company′s business, including risks inherent in mineral
exploration, development and mining.There can be no assurance
that such forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements.Accordingly, readers should not
place undue reliance on such statements.The Company does not
undertake to update any forward-looking statements that are incorporated
by reference herein, except in accordance with applicable securities
laws.Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.

Bayswater Uranium Corporation

John Gomez, 604-687-2153

Manager,
Investor Relations