Bayport International Holdings Inc. (BAYP)

[TinkerBelle]

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Bayport Subsidiary Announces Receipt of Final Reclamation Approval
Oct 10, 2012

OTC Disclosure & News Service

Las Vegas, NV -
Bayport Subsidiary Announces Receipt of Final Reclamation Approval



Bayport International Holdings Inc. (EXTO.PK) is pleased to announce the final approval of the bond reclamation contract through its subsidiary Cosmic American Rare Earth, Inc. Bayport plans to have the assay reports complete with in the next two weeks. Below is a portion of the approval notice:



“State of Utah, Department of Natural Resources, Division of Oil, Gas and Mining

Permit to Commence Small Mine Activities, Small Mining Operations, Cosmic American Rare Earth, Inc., Wow Claim, S/023/0110, Juab County, Utah

Dear Mr. Porter:

The Division of Oil, Gas and Mining finds your notice of Intention to Commence Small Mining Operations (Notice) complete and approves the reclamation surety for the WOW mine, escalated until 2015. You are now permitted to conduct mining activities as outlined in the Notice provided you have approval from all the other appropriated agencies. The approval or acceptance of a complete of intention does not relieve an operator from his responsibility to comply with the applicable statutes, rules, regulations, and ordinances of all local, state and federal agencies with jurisdiction over any aspect of the operator’s mining operations. Enclosed please find a copy of reclamation contract and stamped approval notice.”

The Notice proposes excavation of up to six trenches no more than 14 feet in diameter, no more than 100 feet in length individually, and up to 5 feet deep, and a series of small 2-foot deep auger holes in an ephemeral stream channel, using up to 1700 feet of cross country travel. The project is located at T. 14 S., R. 02 W., sections 05, 06, and 08. The proposed operation was reviewed by various resource specialists who have determined the operation, as proposed, will not cause unnecessary or undue degradation as defined under 43 CFR 3809.5.







About Bayport International Holdings, Inc.

Bayport International Holdings, Inc. is a company formed to exploit the various precious minerals in the U.S. to acquaint the public with practical investment opportunities in strategic metals and minerals. Bayport International Holdings, Inc. is primarily focused on precious metals, rare earth, and oil and gas ventures. Bayport International Holdings, Inc. is developing mining and oil and gas properties with economic potential with the aim of bringing such properties to commercial production. The company's portfolio of properties is primarily located in the prolific western USA in Utah and Texas.

www.BayportInternational.com

Cautionary Note Regarding Forward-Looking Statements

This press release and the statements of representatives of Bayport International Holdings, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, Bayport's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.

Investor Relations Contact:

Briggs Smith
813-438-5225
[e-mail]



The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.