Bayswater Uranium Corp

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Bayswater Receives Drilling Permit & Commences Drilling of Monitoring Wells at Reno Creek Project, Wyoming Vancouver, BC, August 24, 2010 в”Ђ Bayswater Uranium Corporation (TSX-V: BYU ), (OTC: BYSWF ) reports that the Company has received approval of its Drilling Notification permit from the Wyoming Department of Environmental Quality and its Monitoring Well Permits from the Wyoming State Engineer's Office. The Company has commenced drilling and installing up to 44 baseline monitoring wells in the area of its proposed Uranium In Situ Recovery mine and plant at the Reno Creek project. The monitoring well network is part of the environmental baseline and is required to support the Company's application to obtain a Source and Byproduct Material License from the US Nuclear Regulatory Commission (NRC) and a Permit to Mine from the Wyoming Department of Environmental Quality (WDEQ). Hydrologic and Water Quality Studies The monitoring wells are designed to provide information on the hydrology and water quality of the production zone aquifer plus characterize the hydrology and water quality of the overlying confining unit, the underlying confining unit, and the overlying and underlying aquifers. The program includes selected coring of the overlying and underlying confining units. Seven clusters of monitoring wells are being installed across the Reno Creek project. At each cluster, a temporary stratigraphic hole will be drilled to the Badger/Baker Coal zone, which ranges from 600 to 700 feet deep. The stratigraphic hole will be logged to characterize the stratigraphy, and decisions made regarding the installation of the monitoring wells. Monitoring wells will then be completed in the Production Zone, the overlying aquifer, the underlying aquifer, and in the shallow aquifer if a saturated sandstone is detected. In addition, the Company will install Production Zone monitoring/observation wells at varying distances from the cluster for use in the pump tests scheduled later this year. Water quality samples will be taken from all of the monitoring wells in the clusters on a quarterly basis in order to characterize the four aquifers. Following the installation of the monitoring wells, the Company will commence its first quarter of surface and ground water quality sampling. Other Baseline Activities In addition, the Company continues to implement other elements of its baseline environmental monitoring program, including: - - - - -. Upon completion of data collection, compilation and analysis for baseline studies, the Company intends to assemble and submit its applications to the NRC and the WDEQ. In accordance with the project schedule as previously announced, Bayswater anticipates that it will be in a position to commence a feasibility study by 2013 with construction development to follow once completed and be in production by 2015. About Bayswater Uranium Corporation - The Super Junior Uranium Company TM Bayswater Uranium Corporation is an international uranium exploration and development company.

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