Bayswater Announces Drill Results from Otis Gold Joint Venture at Kilgore Project Including 55.4 Metres of 6.15 g/t Gold

Vancouver, BC, October 13, 2009 ─ Bayswater Uranium Corporation (TSX-V: BAY), (OTC: BYSWF) is pleased to announce results from drilling at the Kilgore gold project in Clark county, Idaho, by joint venture partner Otis Gold Corp (“Otis”). Based on recently obtained additional geochemical assay results, three of the four core holes drilled in November and December 2008 contain significant bulk-tonnage, open-pittable thicknesses and grades, in addition to the high-grade, underground-type intercepts previously reported by Otis on March 2, 2009 and April 7, 2009. These new bulk-tonnage intervals, which are highlighted in the table below and include 55.4 metres grading 6.15 g/t Au (181.8 ft at 0.180 opt Au) in hole 08 OKC-191, contain mineralized thicknesses and average grades which are substantially greater than those constituting the majority of the intervals comprising the historic Kilgore NI 43-101 compliant resource (Otis March 2, 2009 news release). These new intervals, all of which will be included in a future resource estimate, could serve to increase the overall size and grade of the Kilgore bulk-tonnage deposit, further enhancing deposit economics.

True widths are estimated to be between 70% and 100% of the drilled interval, based on estimated dip of mineralized horizons (upper and lower mineralized zones), stratigraphy, and triangulation of drill holes. All assay work was performed by ALS Chemex Labs, Vancouver, B.C., which has ISO 9001:2000 certification and operates in compliance with ISO17025. A 50-gram pulp of each sample was analyzed for gold by Fire Assay/AA finish methods. Samples containing greater than 10 grams gold were further analyzed by Fire Assay with gravimetric finish.

Otis is currently conducting a 3,050- to 3,650-meter, HQ3-size core drilling program at Kilgore, with initial assays on the first four holes pending. As soon as these results are received, then selected mineralized samples and intervals will be submitted to an independent third-party geochemical laboratory for check assays as part of the Otis’ quality assurance/quality control protocol. Final results will be released to the public upon verification of the check assays.

John R. Carden, PhD, Lic. Geo., a qualified person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this news release.

In June 2008 Bayswater and Otis entered into a joint venture agreement whereby Otis can earn up to a 75% interest in the Kilgore Gold project, and two additional gold properties, Hai and gold Bug, also located in Idaho. For the terms of the agreement refer to Bayswater’s June 10, 2008 news release.