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INFI.V ·

Share Option Exercise

Corporate Updates

PRESS RELEASE June 29, 2020

BAYSHORE PETROLEUM CORP.

(“Bayshore” or the “Company”)

SHARE OPTION EXERCISE

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

Bayshore Petroleum Corp. (TSV: BSH) is pleased to announce that the controlling shareholder and a

director of the Company have exercised stock options pursuant to the Company’s stock option plan. A

total of 900,000 common shares of the Company have been issued at a price of $0.05 per share for gross

proceeds of $ 45,000. Following the issue of these shares, a total of 83,260,815 shares are issued and

outstanding.

-------------------- End -------------------

For further information, please contact:

Peter Ho, Chief Executive Officer and Director [email protected]

+1 (403) 630 4355

Lance Mierendorf, Chief Financial Officer [email protected]

+1 (403) 680 8773

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities

of the Company in the United States. The Company's securities have not been and will not be registered

under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state

securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered

under the U.S. Securities Act and applicable state securities laws or an exemption fr om such registration

is available.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS

DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE

ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Bayshore Head Office:

PHONE +1 403 265 8820

FAX +1 403 290 6565

[email protected]

340-600 Crowfoot Crescent NW

Calgary, Alberta, T3G 0B4