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BHS.V ·

BAYHORSE AMENDS NON-BROKERED PRIVATE PLACEMENT Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse”) The Company announces that, subject to the approval of the TSX -V, it has amended its previously announced non- brokered private

Financings

December 2, 2019 BHS2019-34

BAYHORSE AMENDS NON-BROKERED PRIVATE PLACEMENT

Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse”) The Company announces that,

subject to the approval of the TSX -V, it has amended its previously announced non- brokered private

placement consisting of 4,000,000 flow-through units at $0.15 cents per unit, and 4 million non flow-

through units at $0.125 cents per unit. The Company is amending the price of the flow -through units

to $0.125 cents per unit. Each flow through and non-flow through unit consists of one common share

and one transferable common share purchase warrant exercisable into one common share of th e

Company at an exercise price of $0.25 for a period of twenty-four months from the date of issuance.

In addition to any other exemption available to the Company, participation in the non- brokered

private placement is also open to all existing shareholders, even if not accredited investors, under the

"existing shareholder" exemption of National Instrument 45 -106 as promulgated in Multilateral CSA

notice 45-313 in participating jurisdictions.

Proceeds are to advance the Company’s Brandywine proje ct, the Bayhorse Silver Mine and for

general corporate purposes.

This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors,

which accepts full responsibility for its contents.

On Behalf of the Board,

Graeme O'Neill, CEO

[email protected]

604-684-3394

About Bayhorse Silver Inc.

Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic

Bayhorse Silver Mine located in Oregon, USA , and has optioned the Brandywine , precious metals

rich, volcanogenic massive sulp hide property located in B.C., Canada . The Company has an

experienced management and technical team with extensive mining expertise surrounding

exploration and building mines.

Neither the TSX Venture Exchan ge 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

release.