Bayshore Petroleum Corp. (“ Bayshore” or the “ Company”) (TSXV: BSH) is pleased to announce that it has entered into a letter of intent (the “ Letter of Intent”) dated effective May 17, 2021 outlining the general terms and conditions with respect to the acquisition (the “ Acquisition”) by Bayshore of all the issued and outstanding share capital of Infinitum Copper Corp. (“ Infinitum”). The Acquisition of Infinitum will constitute a reverse takeover under Policy 5.2 of the TSX Venture Exchange (the “ Exchange”), and is subject to approval of the Exchange. This news release will be followed by a further comprehensive news release setting out additional details of the Acquisition in accordance with Exchange Policy 5.2.