Vancouver, BC, July 23, 2009 ─ Bayswater Uranium Corporation (TSX-V: BAY), (OTC: BYSWF) is pleased to announce that it has entered into a quitclaim deed indenture with Running Fox Resource Corp. (TSX-V: RUN) in order to exchange and assign certain mineral claims in connection with its Tejana Mesa area claims in New Mexico. Most of the swapped claims were either adjoining or overlapping each company's respective land holdings.
The companies have also agreed to an information and co-operation exchange of data and information concerning uranium mineralization in the claims area, and right of first refusals on the said claims.
The claim swap expands the Company’s land holdings in areas considered to be of potential for down dip transported roll fronts pursuant to a news release dated June 29, 2009—the Company’s main focus on its Tejana Mesa property.About Bayswater Uranium Corporation - The Super Junior Uranium Company™
Bayswater Uranium Corporation is an international uranium exploration and development company. The Company owns several advanced uranium properties in the United States with significant historical resources that may be amenable to ISR and/or conventional mining. As well, Bayswater is the only uranium company to have major landholdings in each of Canada's most important producing and exploration regions - the Athabasca Basin, the Central Mineral Belt, and the Thelon Basin. Bayswater combines a balanced portfolio of advanced and exploration projects with the uranium expertise of its technical and managerial teams. To capitalize on current market conditions and strong growth of the nuclear industry, the Company is pursuing acquisition opportunities of advanced-stage uranium projects with near-term production potential. Bayswater's vision is to build a major international uranium company. Shares of the Company are listed on the TSX Venture Exchange under the symbol “BAY”.
On behalf of the Board of:
BAYSWATER URANIUM CORPORATION
| George M. Leary |
| President and CEO |
For further information contact:
| John Gomez Manager, Investor Relations |
| Telephone: (604) 687-2153 |
Neither 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.
