Bayswater Uranium Corp fka BAY

[sumisu]

Bayswater and Kilgore Shareholders Approve Merger

Wednesday July 18, 9:00 am ET

http://biz.yahoo.com/iw/070718/0279399.html

VANCOUVER, BC--(MARKET WIRE)--Jul 18, 2007 -- Bayswater Uranium Corporation (CDNX:BAY.V - News) and Kilgore Minerals Ltd. (CDNX:KAU.V - News) are pleased to announce that the shareholders of both companies have approved the arrangement (the "Arrangement") as announced March 20, 2007 and amended June 7, 2007 at Special Meetings held July 16, 2007. The plan of Arrangement was approved by approximately 99% of the votes cast by shareholders voting in both companies.

The TSX Venture Exchange has conditionally accepted the Arrangement, and necessary approvals from the British Columbia Supreme Court have been received. The Arrangement will result in the merger of Bayswater and Kilgore under the name "Bayswater Uranium Corporation," with trading as a single company anticipated within 7 - 10 days.

The new company, Bayswater Uranium Corporation, becomes a well-positioned, small-cap uranium explorer highlighted by large, strategic exploration properties in Canada's most important uranium regions -- the Athabasca Basin (1.7 million acres); the Thelon Basin (4.3 million acres), and the Central Mineral Belt (1.1 million acres) -- and with advanced-stage uranium properties in the United States.

George Leary, President and CEO of Bayswater, stated, "This merger is another exciting chapter in Bayswater's young history, creating a leading uranium company with a balanced portfolio of exploration and advanced-stage properties. The diversified asset base enables us to continue to create shareholder value through discovery, resource delineation and production development."

Mr. Norman Burmeister, P. Eng., President and Chief Executive Officer of Kilgore, commented, "I am pleased that shareholders of both companies have given such strong support to this merger, recognizing that combining Kilgore and Bayswater will result in a dynamic company with capabilities and expertise across a broad spectrum."

About Bayswater Uranium Corporation -- The Super Junior(TM) Uranium Company

As the only uranium explorer 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 Uranium Corp. is well positioned to be a market leader in uranium exploration. Bayswater combines the uranium expertise of its technical and managerial teams with a large, highly prospective and diverse property base. The result is a Super Junior(TM) Uranium Company with the share liquidity and market capitalization to provide value to both the retail and institutional investor.

For further information visit 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 of the contents herein.

Distributed by Filing Services Canada and retransmitted by Marketwire



Contact:
For further information contact:

John Gomez
Manager, Investor Relations
Telephone: [phone]

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Source: Bayswater Uranium Corporation