BSH Bayshore Petroleum Corp

Bayshore Petroleum Corp. (TSX VENTURE:BSH) ("Bayshore" or the "Corporation") is
pleased to announce it has entered into a Letter of Intent (the "LOI") with a
second private oil & gas company operating in Meota, Saskatchewan, area. Under
the LOI, Bayshore can earn up to a 50% working interest in 1.5 sections (960
acres) of oil & gas lease acreage. There are currently six vertical oil wells
drilled and completed in the Upper Mannville formation and most wells
encountered more than 6 meters of heavy oil bearing formation. Under the LOI,
Bayshore will earn the working interest by drilling up to two horizontal wells
and developing the property to supply heavy oil to the previously announced
upgrader that Bayshore intends to construct in Meota area. Horizontal well
production on lands adjacent to the lands that Bayshore may earn into is as high
as 150 barrels oil per day. 


The LOI contemplates the execution of a formal farm-in and earning agreement by
March 1, 2013 following the finalization of the terms and conditions. Bayshore
will have until July 31, 2013 to finish drilling of the two earning horizontal
wells. 


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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