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File: 2015-07-29 Reno Creek Receives Permit to Mine.docx


Reno Creek Project Receives Permit to Mine from State of Wyoming

Central Processing Plant Site to be Acquired

Vancouver, BC, July 29, 2015 {─ ─} Bayswater Uranium Corporation (TSX-V: BYU; OTC: BYSWF) (the "Company") is ple
--->ased to report that the Wyoming Department of Environmental Quality (the "WDEQ"), Land Quality Division, has issued AU
--->C LLC ("AUC") a Permit to Mine for the company's Reno Creek Uranium ISR Project in Campbell County, Wyoming (the Reno 
--->Creek Project").  The Permit to Mine is the second major permit received by AUC for the Reno Creek Project.  The Permi
--->t to Mine approves AUC's plans to mine and process uranium using the In Situ Recovery process, with a licensed facilit
--->y capacity of up to 2 million pounds per year of U3O8 yellowcake product.  The Permit to Mine affirms that the mining 
--->and processing operations, groundwater restoration, and final reclamation can be accomplished with no significant envi
--->ronmental consequences.

AUC also reports that on July 21, 2015, AUC exercised its option to purchase the site of the proposed Central Processi
--->ng Plant ("CPP").  The final purchase price payment of US$51,000 will be made in February, 2016.            The site c
--->onsists of 40 acres of grassland, located approximately  one-fourth mile from Wyoming Highway 387.                Powe
--->r, natural gas, and all weather roads abut the CPP site.  The property contains an industrial building that can be use
--->d as part of the CPP.  The property also contains an existing private water well.

The WDEQ Water Quality Division advises that the US EPA has not finalized AUC's Class III Aquifer Exemption for the we
--->llfields at Reno Creek.  WDEQ advised AUC that the, "EPA has indicated that the requested aquifer exemption will not b
--->ecome final until the existing private well is properly plugged and abandoned."  The identified private well on the CP
--->P site is located approximately 650 feet upgradient from the proposed aquifer exemption boundary.   In light of the ad
--->vice from WDEQ WQD, AUC has started the plugging and abandonment process.      On completion WDEQ and EPA will be noti
--->fied that the requirement has been satisfied.

The Nuclear Regulatory Commission is currently reviewing AUC's application and is in the process of preparing a Source
---> Materials License and a Draft Supplemental Environmental Impact Statement, which will be published for public comment
--->.

About Bayswater Uranium Corporation 

Bayswater Uranium Corporation is a uranium exploration and development company.  Bayswater indirectly holds a 10.4% in
--->terest in the Reno Creek ISR uranium development project in Wyoming.  The Company also owns a 100% interest in the Bru
--->dell property located in the Athabasca Basin in Saskatchewan.  Shares of Bayswater are listed on the TSX Venture Excha
--->nge under the symbol "BYU".  For further information see the Company's profile on SEDAR (www.sedar.com).

About AUC

AUC is a U.S. uranium company in the process of developing the Reno Creek Uranium ISR Facility near Wright, Wyoming.  
--->AUC has a strong staff with many years of experience in the discovery, development and operation of ISR uranium facili
--->ties.  The Pacific Road Resources Funds ("PRRF") have an 89.6% ownership interest in Reno Creek Holdings, Inc., ("RCHI
--->"), the holding company of AUC. Bayswater Uranium Corporation has a 10.4% ownership interest in RCHI.  For information
---> about AUC, please visit www.auc-llc.com. 





About the Pacific Road Resources Funds

The Pacific Road Resources Funds (PRRF) are managed and advised by Pacific Road Capital Management Pty Ltd ("PRCM"). P
--->RRF are private equity funds investing in the global mining industry. They provide expansion and buyout capital for mi
--->ning projects, mining related infrastructure and mining services businesses located throughout resource-rich regions o
--->f the world. The PRCM team, located in Sydney, Australia, San Francisco, USA, and Vancouver, Canada, is comprised of e
--->xperienced mining investment professionals that have extensive knowledge and experience in the mining and infrastructu
--->re sectors, including considerable operating, project development, transactional and investment banking experience.  F
--->or further information on the Pacific Road Resources Funds and PRCM, please go to their website at www.pacroad.com.au.

On behalf of the Board of: 

BAYSWATER URANIUM CORPORATION 

Victor Tanaka
President
  
For further information contact:  

John Gomez
Corporate Development
Telephone: 604.687.2153

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Vent
--->ure Exchange) accepts responsibility for the adequacy or accuracy of this news release.