VANCOUVER--(BUSINESS WIRE)-- Bayswater Uranium Corporation (TSX-V: BYU), (OTC: BYSWF) reports that Otis Gold Corp ("Otis") has announced it has initiated a five-hole, 2,000-metre, core drilling program at Bayswater’s Dog Bone Ridge gold target located 1,400 metres west of its Kilgore "Mine Ridge" gold deposit in Clark County, Idaho, in which Otis can earn up to a 75% interest. Otis is drilling Dog Bone Ridge with the intent of identifying a new, potentially bulk-mineable deposit that lies near and is possibly related to the Kilgore gold deposit. The drilling is designed to test four, sizeable Controlled Source Audio-Magneto Telluric (CSAMT) geophysical anomalies delineated in the target area by Otis during the Fall of 2009, two of which correspond with significant historic bulk-tonnage and/or high-grade gold intercepts, which have never been offset and are outlined below. Gold mineralization in these historic holes is intimately associated with diking, just as it is at "Mine Ridge."

Of the five CSAMT anomalies that underlie the Dog Bone Ridge target area, only two contain limited historic drilling. Of these two anomalies, the most northerly, Target 1, contains core hole, KG-04-02, drilled by Kilgore Gold in 2004. This hole intercepted 51.8 m @ 1.25 g/t Au and will be offset in several directions to determine geometry and continuity of the gold mineralization. One historic Echo Bay drill hole (96-EKC-178) that penetrated a weak portion of the high resistivity CSAMT anomaly at Target 3 intercepted 99.4 m @ 0.43 g/t Au. This hole will be offset 300 m to the east in the main portion of the anomaly. The two remaining high priority CSAMT anomalies, to be tested by Otis, contain no historic drilling. Locations of Otis' five planned holes are shown on a drill-hole location map available on the Otis Gold Corp. website at www.otisgold.com/projects/kilgore/.

The Dog Bone Ridge HQ3-size core drilling is being performed by Timberline Drilling, Inc., Coeur d'Alene, Idaho, employing a Sandvik DE-140 core drill outfitted with a triple-tube core recovery system and face-discharge bits. Drilling is being conducted on a full-time, around-the-clock basis, with all results anticipated to be reported by the end of the year.