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File: 2014-10-14 BYU Announces Private Placement.docx

Bayswater Announces Private Placement

Vancouver, BC, October 14, 2014 {─ ─} Bayswater Uranium Corporation (TSX-V: BYU), (OTC: BYSWF) is pleased to ann
--->ounce a non-brokered private placement raising gross proceeds of up to $500,000 through the issuance of up to 10,000,0
--->00 million units at a price of $0.05 per unit.  Each unit will compose one common share of the Company and one common 
--->share purchase warrant.  Each common share purchase warrant will allow the holder to acquire an additional common shar
--->e of the Company at a price of $0.10 per share for a period of two years from the date of closing of the non-brokered 
--->private placement.

The units issued with respect to the offering will be subject to a four month hold period in accordance with applicabl
--->e Canadian Securities Laws.  A portion of the private placement will be subject to a finder's fee that will be payable
---> at 9% in cash and 9% in warrants with respect to certain private placement subscribers and in accordance with the pol
--->icies of the TSX Venture Exchange.  The finder's fee warrants are subject to the same terms as the private placement w
--->arrants.  The non-brokered private placement is subject to the approval of the TSX Venture Exchange.
Proceeds from the private placement will be used for general working capital purposes.
About Bayswater Uranium Corporation 

Bayswater Uranium Corporation is a uranium exploration and development company.  Bayswater's focus is the Reno Creek I
--->SR uranium development project in Wyoming in which the Company currently owns approximately a 11% interest.  Shares of
---> the Company are listed on the TSX Venture Exchange under the symbol "BYU".             For further information see th
--->e Company's profile on SEDAR (www.sedar.com).

On behalf of the Board of: 

BAYSWATER URANIUM CORPORATION 

Victor Tanaka
President
  
For further information contact:  

John Gomez
Corporate Development
Telephone: (604) 687-2153
Statements in this news release other than purely historical information, including statements relating to the Company
--->'s future plans and objectives or expected results, constitute forward-looking statements, including statements with r
--->espect to the future price of uranium, the estimation of mineral resources, production and recovery, the realization o
--->f mineral resources, the timing and amount of future production, expected costs (both capital and operating), the succ
--->ess of exploration, development and mining activities and permitting timelines.  Forward-looking statements are based 
--->on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, incl
--->uding risks inherent in mineral exploration, development and mining.  There can be no assurance that such forward-look
--->ing statements will prove to be accurate, as actual results and future events could differ materially from those antic
--->ipated in such statements.  Accordingly, readers should not place undue reliance on such statements.  The Company does
---> not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordanc
--->e with applicable securities laws. 
 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 news release.