Bayswater Grants Stock Options

Market Wire, August, 2007

Bayswater Uranium Corporation (TSX-V: BAY) (FRANKFURT: B2V) advises that an aggregate of 1,600,000 options have been granted to directors, officers, employees and consultants of Bayswater. The options are exercisable at a price of $1.29 per share and expire five years from the date of grant, subject to the approval of the TSX Venture Exchange.

About Bayswater Uranium Corporation - The Super Junior(TM) Uranium Company

Bayswater Uranium Corp. is a rapidly growing international uranium exploration and development company. As the only uranium company to have major landholdings in each of Canada's most important producing and exploration regions -- the Athabasca Basin, the Central Mineral Belt, and the Thelon Basin -- Bayswater is a leader in uranium exploration in Canada, the world's largest producer of uranium. The Company also owns several advanced uranium properties in the United States that are being fast tracked to production. Bayswater combines a balanced portfolio of exploration and development projects with the uranium expertise of its technical and managerial teams. The result is a Super Junior(TM) Uranium Company with the share liquidity and market capitalization to provide value to both the retail and institutional investor. To capitalize on the strong growth of the nuclear industry and to continue to add shareholder value, Bayswater is pursuing additional merger and acquisition opportunities that complement and/or add to the Company's existing assets and business model. For further information visit www.bayswateruranium.com .

On behalf of the Board of:

BAYSWATER URANIUM CORPORATION

George M. Leary
President

For further information contact:

John Gomez - Manager, Investor Relations
Telephone: (604) 687-2153

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.

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For further information contact: John Gomez Manager, Investor Relations Telephone: (604) 687-2153