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Bayport International Holdings, Inc. Signs Letter of Intent to Purchase Interest in Five Oil Wells in Venango County, Pennsylvania.

BAYP: 0.0003


TULSA, OK--(Marketwired - Oct 17, 2013) - Bayport International Holdings, Inc. (OTC Pink: BAYP). Today we are pleased to announce the signing of a Letter of Intent to purchase an interest in 5 oil wells located in the Scott Lease, Venango County, Pennsylvania.


The LOI is for the purchase of 15.0% WI and 11.25% NRI to be acquired in each of the five wells, permit numbers 1,2,3,4 and 5.

The approximately 52 acre lease is on the Scott Lease north east of the town of Oil City, Pa. This area has always been prolific in the production of oil and natural gas. The preliminary target zone for wells on this lease will be the Venango sands. The Venango Sands formations are the Red Valley, Lytle, 1st Sands, 2nd Sands, 3rd Sands Stringer, 3rd Sands and 4th Sands. These oils and gas bearing formations are found throughout this immediate area and historically have been good producers. All zones should be encountered at drilling depths of approximately 900-1300 ft., depending upon the elevation.

Company & Shareholder Structure:

The company understands the creditability and responsibility to maintain an adequate share structure and build a strong shareholder base. With this in mind and the obvious steps that Bayport International Holdings, Inc. is taking to become SEC Fully Reporting and up list to a higher standard of trading for our shareholders. We will not raise the Authorized Capital in 2013.


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 USA in Utah, Texas and Pennsylvania.

www.BayportInternational.com

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