Bayswater reports results from phase 4 drilling at Elkhorn project

Bayswater Uranium reports results from its Phase 4 drilling program carried out at the Elkhorn project, Wyoming in the fall 2008 period.

Phase 4 resource drilling was designed to obtain further definition of the Busfield resource area which remained open in several directions and to test for potential expansion of the Vickers historical resource area, comprising 24,568 lbs U3O8 in 14,672 short tons grading 0.084% U3O8 that is not compliant with NI 43-101 and is not to be relied upon, which together are part of a 4,000 foot (1,220 m) long trend of near-surface, sandstone hosted uranium mineralization. Exploration drilling in the Busfield area also involved step out drill hole fences of up to 1/2 mile from known resources along trend to test for potential continuity of the shallow resource areas.

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