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.

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."