Bayswater Executes Agreement to Acquire Northern Canadian Uranium

Northern Canadian Uranium ("NCA") has today mailed an InformationCircularto its shareholders that describes terms of the agreementand to recommendthe proposed transaction be accepted at a Special Meetingon December 18,2007.

The Information Circular is available at Northern Canadian'sprofile onSEDAR ().Final completion of the acquisition is subject toapproval by NCA shareholders and receipt of applicable regulatoryapprovals.

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

Bayswater Uranium Corporation is a rapidly growing internationaluraniumexploration and development company. As the only uraniumcompany to havemajor landholdings in each of Canada's most important producingandexploration regions - the Athabasca Basin, the Central MineralBelt, andthe Thelon Basin - Bayswater is a leader in uranium explorationin Canada,the world's largest producer of uranium. The Company alsoowns severaladvanced uranium properties in the United States that arebeing fasttracked to production. Bayswater combines a balanced portfolioofexploration and development projects with the uranium expertiseof itstechnical and managerial teams. The result is a Super Junior(TM)UraniumCompany with the share liquidity and market capitalizationto provide valueto both the retail and institutional investor. Bayswateris listed on theTSX Venture Exchange under the symbol "BAY." The Company'swebsite is.

 On behalf of the Board of:BAYSWATER URANIUM CORPORATIONGeorge M. LearyPresident

The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of the contentsherein.

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