Bayshore Petroleum Corp. Announces Issuance of Shares in Payment for Services

Wed Mar 6, 2013 7:10pm EST

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Marketwire

Bayshore Petroleum Corp.

March 6, 2013 - 07:09:37 PM

Bayshore Petroleum Corp. Announces Issuance of Shares in Payment for Services

CALGARY, ALBERTA--(Marketwire - March 6, 2013) - Bayshore Petroleum Corp.
("Bayshore" or the "Corporation") (TSX VENTURE:BSH) is pleased to announce its
agreement with a service provider to issue 133,333 common shares of the
Corporation ("Common Shares") at a price of $0.30 per Common Share in payment
for consulting services rendered to the Corporation. This proposed issuance of
Common Shares in payment for services rendered is subject to the approval of
the TSX Venture Exchange. Common Shares issued in connection with this payment
will be subject to a four month hold period.

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




        

Neither the 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.
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