SOURCE: Bayswater Uranium Corporation

May 07, 2008 08:15 ET

Bayswater Establishes Corporate Governance System

VANCOUVER, BC--(Marketwire - May 7, 2008) - Bayswater Uranium Corporation (TSX-V: BAY) (PINKSHEETS: BYSWF) reports it has established a corporate governance practice to enable shareholders, investors, and business associates to be aware of the guidelines under which the Company operates. Bayswater's operating procedures and policies are described by a Code of Business Conduct and Ethics that management, employees, and contractors are expected to comply with in their association with the Company. Bayswater has also established an Audit Committee Charter, a Compensation Committee Charter, and a Corporate Governance Committee Charter, to oversee the financial affairs of the Company and maintain a sound system of corporate governance. These Codes and Charters may be viewed on Bayswater's website at http://www.bayswateruranium.com/s/CorporateGovernance.asp.

About Bayswater Uranium Corporation - The Super Junior™ Uranium Company

Bayswater Uranium Corporation 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 feasibility and 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™ 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 plans to focus on the development of its resource properties and to evaluate early stage projects for further discoveries. Other acquisition opportunities will continue to be assessed all with a corporate vision of building a major international uranium company. Bayswater is listed on the TSX Venture Exchange under the symbol "BAY." The Company's website is www.bayswateruranium.com.

On behalf of the Board of:
BAYSWATER URANIUM CORPORATION

George M. Leary
President

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

Contact Information

  • For further information contact:

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