Bayshore Petroleum Corp. Announces License Agreement for Desulphurization of Hydrocarbons Using Ultrasonic Process

Bayshore Petroleum Corp. ("Bayshore" or the "Corporation") (TSX VENTURE:BSH) is
pleased to announce that it has entered into a Master License Agreement with
International Ultrasonic Technologies Inc., ("IUT") a private technology company
based in Carstairs, Alberta, Canada (www.internationalultrasonics.com). IUT,
which owns 9 U.S. patents and equivalent worldwide patents related to the use of
ultrasonic waves in conjunction with catalyst to desulphurize hydrocarbons
without adding hydrogen. The Master License Agreement allows Bayshore to utilize
the patented ultrasonic technology in all potential hydrocarbon applications in
Canada. Under the terms of the Master License Agreement, Bayshore will have an
exclusive right to use and to sublicense the patented ultrasonic technology in
Canada for 20 years. The Master License Agreement also grants Bayshore a 2-year
option to acquire exclusive rights to this technology in other countries.


Ultrasonic desulphurization involves passing a hydrocarbon stream through an
ultrasonic wave chamber with an added proprietary catalyst to separate sulphur
from hydrocarbons in an economic manner. The traditional method of reducing the
sulphur content of hydrocarbon streams using hydrogen is expensive and energy
intensive. The patented ultrasonic wave process with catalyst is much more
efficient and does not require high temperature, high pressure or hydrogen. The
patented process has been field tested in different countries and successfully
reduced sulphur content of different processed petroleum products including
natural gas liquids (NGL), gasoline, kerosene and diesel to less than 20 parts
per million, which meets the ultra low sulphur transportation fuel standards of
many countries. Bayshore believes this technology has the potential to provide
additional benefit to its planned heavy-to-light oil cold catalytic cracking
technology worldwide, and will contribute to upgrading raw, heavy and sour crude
oil directly into light, sweet product fuel.


Bayshore is a Calgary, Alberta based corporation engaged in the technology
expansion applicable to heavy oil and other unconventional oil resources. 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
Chief Executive Officer and President
(403) 265-8820

Bayshore Petroleum (TSXV:BSH)
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