TORONTO, ONTARIO – September 11th, 2008 – Baymount Incorporated (the Company or “Baymount”) (TSX Venture: BYM) announced today that the site mobilization for the new Quinte Exhibition and Raceway in Belleville, Ontario, has commenced at the Company’s Bell Boulevard location.

“As promised, site mobilization for phase one is starting on schedule,” said Graham Simmonds, President and CEO of Baymount Incorporated. “We are committed to following our construction time table that will allow us to open the first phase of our facility in early 2010.”

The Company, in partnership with the Ontario Lottery and Gaming Corporation (OLG), held its groundbreaking ceremony on August 28th. Over 75 people attended the event including Belleville Mayor Neil Ellis, local MPP and Minister of Agriculture Leona Dombrowsky, OLG Executive Director of Gaming, Jerry Rozeluk, Ontario Racing Commission Chair Rod Seiling, and area horsemen.

The Company reports that more details will be forthcoming, however at this point is excited to announce this progress. In addition to corporate releases, the Company also reports that continued and more detailed construction updates will be available via the New Q website, which is to be launched later this month.

About Baymount:

Baymount seeks out and develops opportunities within the horseracing industry. It is the Baymount philosophy to create entertainment destinations for consumers while providing our investors with a vehicle that allows them to participate in the growth of Canadian gaming at racetracks.

Baymount Incorporated's wholly-owned subsidiary Belleville Racetrack Development Corporation (BRDC) has an agreement with the Belleville Agricultural Society to build a facility to relocate the Quinte Exhibition and Raceway in Belleville, Ontario. QER is one of the 18 racetrack licenses in Ontario eligible to participate in Ontario's Slots-at-Racetracks program. In 2006, the Alcohol and Gaming Commission of Ontario found BRDC suitable to act as Landlord for the proposed OLG gaming premises to be located at the new QER. The Company has also received Preliminary Approval for a License to Operate a Racetrack from the Ontario Racing Commission.


ON BEHALF OF BAYMOUNT INCORPORATED

Graham Simmonds, President & Chief Executive Officer

For additional information please visit the company’s website at www.bym.ca.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-looking Statements:
This press release contains certain forward-looking statements with respect to the Corporation. 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.

For further information please contact:

Baymount Incorporated:

Mr. Graham Simmonds
President and Chief Executive Officer
416-979-2881 Ext. 223
graham@bym.ca