BSH Bayshore Petroleum Corp

Bayshore Petroleum Corp. (TSX VENTURE:BSH) ("Bayshore" or the "Corporation") in
conjunction with CCC CanSino Corp., a private Canadian corporation ("CanSino"),
is pleased to announce that it has initiated negotiations with the China Foreign
Economic Cooperation Centre ("CFECC") in Beijing, China, respecting the
technology transfer required for Bayshore's announced heavy oil to diesel fuel
on-site upgrader project in the Meota area of Saskatchewan. The technology
transfer will include: (1) CFECC testing the Meota heavy oil supplied by
Bayshore and its partner to confirm that that oil can be converted to diesel
quality light oil using CFECC's proprietary catalyst and process; (2) CFECC
calibrating CFECC's pilot prototype plant in Beijing to obtain the optimum
operating parameters for the Meota application and processing capacity of up to
1,000 barrels of heavy oil per day; (3) CFECC designing, engineering and
constructing the modular field equipment for the small-scale heavy oil upgrading
facility for Bayshore; and (4) negotiation of a license from CFECC to use the
proprietary catalyst and upgrading technology in heavy oil production in Canada.
The technology transfer is subject to the negotiation of terms and conditions
and the execution of a formal agreement between Bayshore, CanSino and CFECC to
be concluded and signed in Beijing before January 31, 2013.


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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