Bayswater Finds New Uranium Occurrences and Defines Drill Targets Along Significant Uranium Trend at Boiteau Lake, Central Mineral Belt, Labrador

Highlights

-54 of 69 rock samples collected during 2008/2009 return assays greater than 0.10% U3O8

-40 outcrop samples return average grade of 0.27 % U3O8

-Best sample assayed 1.48 % U3O8

-High priority drill targets delineated for 2010 field season

-Two large coincident geochemical, geophysical and bedrock uranium targets delineated

Vancouver, BC, November 2, 2009 ─ Bayswater Uranium Corporation (TSX-V: BAY), (OTC: BYSWF) is pleased to announce the results of the 2009 exploration program on its Boiteau Lake Uranium Property located within the Central Mineral Belt of Labrador. An aggressive program of grid establishment, soil geochemistry, geological mapping, prospecting and ground geophysical surveying was carried out during the summer of 2009 along a 3.5 km portion of a larger mineralized trend and associated structural corridor discovered during 2008 as first announced in a news release dated November 20, 2008.

The 2009 ground exploration program has confirmed the presence of a large and significant uranium mineralized system characterized by numerous bedrock uranium showings along an extensive structural corridor on the Boiteau Lake Property. During the field program, four new bedrock mineralized zones were located within the gridded portion of a 12 kilometer long favourable structural corridor cutting through the Company’s claims. 54 of 69 samples collected during the 2008/2009 programs have assayed above 0.10 % U3O8 with the best sample returning a value of 1.48 % U3O8.