BSH Bayshore Petroleum Corp

Bayshore Petroleum Corp. ("Bayshore" or the "Corporation") (TSX VENTURE:BSH) is
pleased to announce it has entered into a 30 year agreement in Beijing with
China Foreign Economic Cooperation Centre to license the catalytic upgrading
technology to convert heavy oil into light oil in Canada. Bayshore will now
commit using this technology to construct a 350 Barrel heavy oil facility in the
Meota, Saskatchewan area. The signing of the agreement was presided by the
chairman of China Petroleum and Chemical Industry Federation, Mr. Li Yong Wu, a
former minister of China Petroleum and Chemical Department and current
independent director of PetroChina. Heavy oil currently produced in the Meota
area will be processed directly into diesel-quality light oil as fuel products
or as diluents. Both commodities are in high demand in the region. The pilot
upgrader is expected to be in operation by late summer or early fall due to its
simple design. More information related to this project will be released as the
project progress. 


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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