Bayshore Petroleum Corp. Announces Contract to Manage Pilot Upgrader

Bayshore Petroleum Corp. ("Bayshore" or the "Corporation") (TSX VENTURE:BSH) is
pleased to announce it has entered into a management contract with TianAn
(Canada) Energy Technology Investment Co. Ltd., a private company registered in
British Columbia, Canada, to construct and build the first pilot heavy oil
upgrader using a proprietary low temperature catalytic cracking (CCC) technology
which was invented, patented and developed by Mr. Cao Zhide of Chemical Foreign
Economic Cooperation Centre (CFECC) in Beijing, China. 


The first pilot CCC heavy oil upgrader is planned for construction in the Meota,
Saskatchewan area, and will have a daily heavy oil processing capacity of 350
barrels. Bayshore, in conjunction with the funding group TianAn, will secure the
site location and heavy oil supply, apply for and obtain regulatory approval,
manage the construction and supervision of the pilot plant and market the light
oil and petroleum coke finished products. Engineering design is being initiated
and construction work will be awarded to qualified service providers once
engineering work is finalized.


During a laboratory bench test held in Beijing early this year, which was
verified by both CFECC and third parties, it was demonstrated that 10 degree API
heavy oil from Meota area can be upgraded into diesel-like light oil (29 degree
API), synthetic gas and petroleum coke using only 2% of the proprietary
catalyst. The experiment was conducted at atmospheric pressure and temperature
not higher than 450 degree C. No hydrogen is added in the process. 


Bayshore and TianAn intend to continue exploring different opportunities to
commercialize this technology and apply the technology to the heavy oil market
in Canada. 


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. 


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 release.


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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