TORONTO, ONTARIO -- (Marketwire) -- 06/01/12 -- Baymount Incorporated ("Baymount" or the "Company") (TSX VENTURE: BYM) is pleased to announce that trading in its shares will recommence on the TSX Venture Exchange at the opening of markets on Monday, June 4, 2012. Trading had previously been halted pending completion of a "Change of Business" transaction, which has since been terminated. For details concerning the termination of that transaction, please refer to the Company's press release dated May 4, 2012.

About Baymount

Baymount seeks out and develops opportunities within the horse racing and related industries. The Government of Ontario and Ontario Lottery & Gaming has recently announced a significant change to the provincial gaming policy as part of a larger modernization plan for lottery and gaming in Ontario, and the Company believes that it has significant opportunities and is reevaluating its business plans to take advantage of the changed gaming landscape in the province.

ON BEHALF OF BAYMOUNT INCORPORATED

Graham Simmonds, President & Chief Executive Officer

Forward-looking Statements

This press release contains certain forward-looking statements with respect to the Company. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect.

Neither 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 the release.