SOURCE: Bayside Petroleum Company, Inc.

January 27, 2010 16:00 ET

Bayside Petroleum Renews Oil & Gas Lease on Its Alta Mesa East Field in Texas... Re-Entry Program Imminent

DALLAS, TX--(Marketwire - January 27, 2010) - BAYSIDE PETROLEUM COMPANY, INC. (PINKSHEETS: BYSD) is pleased to announce that it has renewed its oil and gas lease on its Alta Mesa, E. Field Prospect, Brooks County, Texas, and plans to initiate re-entry operations on its Mangel No. 1 well during the first quarter of 2010, or possibly the drilling of a new well.

The Mangel No. 1 Well

The Mangel No. 1 well was completed in a Frio (8600') sand and produced 700 mmcfg + 14,600 barrels of condensate until mechanical problems were encountered. A Reserve Report previously prepared gave 1.5 Bcf natural gas and 23,000 bbls condensate are recoverable from the Frio zone. As well, there are deeper Vicksburg sands in the well that are productive and could considerably add to the recoverable reserves.

BAYSIDE... Poised for Growth

Dallas based Bayside Petroleum Company, Inc. is an aggressively managed energy exploration, development and production company in the process of building oil & gas reserves and production in some of the most prolific hydrocarbon bearing regions of the United States. Specializing in the reworking of wells in Oil and Gas fields with proven reserves to enhance production, Bayside is well positioned to substantially increase its proven reserves, cash flow and shareholder value over the next 12 to 18

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In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Bayside Petroleum Company, Inc. notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. Accordingly, Bayside wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the Company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future.

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