BSH Bayshore Petroleum Corp

Bayshore Petroleum Corp. (TSX VENTURE:BSH) ("Bayshore" or the "Corporation")
announces that it closed a previously announced non-brokered private placement
(the "Offering"). Pursuant to the Offering, the Corporation issued 138,000
Common Shares of the Corporation ("Shares") at the price of $0.30 per Share. The
Shares are subject to a hold period that expires on February 10th, 2013. Jordan
Capital Markets Inc. and NBCN Inc. acted as finders and received cash
compensation of 10% of the gross proceeds of the placement. 


Bayshore is currently seeking approval from the TSX Venture Exchange for a
further private placement of 100,000 Shares at the price of $0.30 per Share to
be closed immediately upon receipt of Exchange approval (the "Additional
Placement"). Bayshore will pay a cash finder's fee of 10% on the Additional
Placement to an arm's length party who assisted with the Additional Placement.
Any Shares issued will be subject to a four month hold period. The Additional
Placement is subject to regulatory approval. 


Bayshore has entered into a Consulting Agreement with Kingdom Capital LLC of
Dallas, Texas ("Kingdom") pursuant to which Kingdom will provide to Bayshore
consulting services including the introduction and negotiation of sources of
financing for Bayshore. Bayshore has contracted with Kingdom to assist Bayshore
in reaching its previously announced private placement goal of $2,000,000. Any
Shares issued in a private placement will be subject to a four month hold
period, and such private placement will be subject to regulatory approval.


Proceeds of all placements will be used to fund the Corporation's ongoing work
program in its Saskatchewan oil and gas properties and for general corporate
purposes.


Bayshore is a Calgary, Alberta based Corporation engaged in the exploration,
development and production of petroleum and natural gas. The Common Shares are
listed on the TSX Venture Exchange under the trading symbol "BSH". 


Cautionary Statements

Statements in this press release may contain forward-looking information
including expectations of future production, operating costs, commodity prices,
administrative costs, commodity price risk management activity, acquisitions and
dispositions, capital spending, access to credit facilities, income taxes,
regulatory changes, and other components of cash flow and earnings. The reader
is cautioned that assumptions used in the preparation of such information may
prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the company. These risks include, but are not limited to, the risks associated
with the mining industry, commodity prices and exchange rate changes. Industry
related risks could include, but are not limited to, operational risks in
exploration, development and production, delays or changes in plans, risks
associated to the uncertainty of reserve estimates, health and safety risks and
the uncertainty of estimates and projections of production, costs and expenses.
The reader is cautioned not to place undue reliance on this forward-looking
information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bayshore Petroleum Corp.
Peter Ho
President and Chief Executive Officer
403-265-8820

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