Additional Mineralization Discovered At Reno Creek Uranium Project 

VANCOUVER, BC -  Bayswater Uranium Corporation reported that the Company has made significant progress in its environmental baseline studies at its Reno Creek Uranium Project in Campbell County, Wyoming. Following are the highlights of the extensive ongoing program:

Twenty-five of the initially planned forty-four monitoring wells have been completed and are operational. The balance of the wells will be drilled and developed early in 2011. Monitoring well data has confirmed that the sandstone ore horizon is physically confined above and below by shale across the entire project area. One pump test has been successfully completed and the data is being analyzed. The pump tests are designed to document that pumping in the ore body sandstone does not cause any hydrologic communication with the overlying and underlying aquifers and to provide hydrologic data that is used for the design of production and restoration operations. 2011 first quarter ground water samples, surface water and sediment samples have been collected and are in the laboratory for analysis. An on-site meteorological station has been installed and a full quarter of data obtained. Five air quality monitoring stations have been installed and a full quarter of data acquired. Vegetation and soils mapping are nearly completed, and are expected to be complete in the spring of 2011. Archaeological surveys have been completed. All 41 previously recorded cultural resource sites identified on the Reno Creek project had been evaluated as not eligible for the National Register of Historic Places (NRHP), and files indicate State Historic Preservation Office concurrence for all previously recorded sites. All 37 newly recorded localities are also evaluated as not eligible for the National Register. Wildlife surveys are more than 80% complete. The survey documented the absence of sage-grouse in the entire project area, as well as the absence of any threatened or endangered species. Wetlands mapping is more than 90% complete, and should be finished during the spring of 2011. The baseline radiological survey, including soil and vegetation sampling, is 90% complete, and will be completed by summer of 2011. During October 2010, the Company successfully completed its first quarterly meetings with the Nuclear Regulatory Commission (NRC) and the Wyoming Department of Environmental Quality (WDEQ) to provide an update on the progress of activities, discuss initial findings of the baseline studies, and affirm that the baseline program continues to meet the needs of both agencies for their review of future permit applications. The Company confirmed that it plans to submit its application to the NRC for a Source and Byproduct Material License and its application to the WDEQ for a mine permit by the end of 2011. The company's address is Suite 1100, 1111 Melville Street, Vancouver, BC V6E 3V6, 604-687-2153, fax: 604-669-8336.