Bayshore Petroleum Corp. Announces Granting of Stock Options

Bayshore Petroleum Corp. (TSX VENTURE:BSH) ("Bayshore" or the "Corporation")
announces that the Board of Directors has, subject to TSX Venture Exchange
acceptance, granted options to purchase 500,000 common shares of the Corporation
to certain of its directors, officers, employees and consultants. The options
were issued at an exercise price of $0.27 per share for a five year term, with
one half vesting immediately and one half vesting in 12 months. The Corporation
had, immediately prior to this grant, 1,102,143 outstanding stock options.


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

Bayshore Petroleum (TSXV:BSH)
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