Bayshore Petroleum Corp. announced the resignation of Mr. Peter Ho as Chairman of the Board of Directors effective immediately. Mr. Ho will continue to be a Director of the Corporation and Chief Executive Officer. The Corporation announced the appointment of Mr. Po Kwong (Ivan) Chan as Chairman of the Board of Directors effective immediately. Mr. Chan is a businessman resident in Hong Kong, and a director of several private companies located in Hong Kong and throughout Asia. Mr. Chan brings decades of financial and strategic banking expertise to Bayshore, and Bayshore is pleased to have Mr. Chan as Chairman of the Board of Directors.