Bayshore Petroleum Corp. Announces the Appointment of Chief Financial Officer and the Grant of Stock Options

PRESS RELEASE

BAYSHORE PETROLEUM CORP. ANNOUNCES THE APPOINTMENT OF CHIEF FINANCIAL OFFICER AND THE GRANT OF STOCK OPTIONS

Symbol: BSH: TSX Venture December 20, 2010

CALGARY, ALBERTA, December 20, 2010 - Bayshore Petroleum Corp. (the “Corporation”) announced today that Terry Zimaro has been appointed Chief Financial Officer of the Corporation. Mr. Zimaro replaces Stuart Chow, who had been acting as Interim Chief Financial Officer of the Corporation. Mr. Chow continues to serve as director of the Corporation.

The Corporation issued 50,000 options to Mr. Zimaro in connection with his appointment. Each option entitles Mr. Zimaro to acquire one common share of the Corporation at an exercise price of $0.1125 per share. The options expire five years from the date of grant.

For further information, please contact Alan M. Tang, President and Chief Executive Officer of Bayshore Petroleum Corp. at Phone: (403) 269-2823.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.