Bayhorse Announces Flow Through and Non-Flow Through Private Placement

November 9, 2022 BHS2022-19

BAYHORSE ANNOUNCES FLOW THROUGH AND NON-FLOW THROUGH PRIVATE

PLACEMENT

Bayhorse Silver Inc, (BHS: TSX-V , BHSIF: OTCQB, 7KXN: FRANKFURT ) (the “Company”

or “Bayhorse”)

The Company announces, subject to TSX Venture Exchange approval , a non-brokered flow-through,

private placement for up to 6,000,000 units at $0.05 cents per unit, for gross proceeds of $300,000 and

a non-flow   through private placement for up to 4,000,000 units at $0.05 ce nts per unit for gross

proceeds of $200,000.

The Company is immediately commencing a minimum 1,200 m (4,000 ft) ten (10) hole diamond drill

program at the Dave’s Pond high grade gold -silver target, that lies in the center of the 1,450 Ha

Brandywine project.

Gold: In the Company’s QA/QC Report of 2020, the 2010 drill core fro m the Dave’s Pond drilling

program was resampled and due to the presence of visible gold i n the core, assayed using Metallic

Screen Assay. Drillhole BRW10-05 returned 3.1 meters (10 feet) core length of 11.42 grams per tonne

(g/t) gold (Au) (0.37 oz/t) from 26.5 m depth, including 1.6 m of 20.2 g/t (0.59 oz/t) Au and drillhole

BRW10-06 returned 3.1m core length of 3.35 g/t Au (0.1 oz/t) fr om 32.6m depth, including 1.6m of

4.10 g/t (0.12 oz/t) Au. (Baldys, 2019)  

Silver: In 1977, Van Silver Mines Ltd. built a 136.1 tonne (150 ton) p er day mill to treat

mineralization mined from the S ilver Tunnel Showing, Main Showi ng and Tedi Pits. A total

of 3,583.4 tonnes (3,950 tons) were mined and averaged 15.43 g/ t (0.45 troy ounce per

short ton (opt)) Au, 2,420.91 g/t (70.61 opt) Ag, 6.08% Pb and 8.90% Zn (Lee, 1996).

The Brandywine property conceptually falls within a class of high gold-silver volcanogenic massive

sulphide deposits that include the Eskay Creek deposit of northern British Columbia and the Green’s

Creek deposit on Admiralty Island near Juneau, Alaska. This family of deposits is particularly silver

and lead rich with important gold, zinc, copper and other metal values.

The proceeds of the flow through financing are for the purposes of advancing the Company’s

Brandywine gold project 45 minutes by paved highway north of Vancouver, BC. The proceeds of the

non-flow through financing are for the Bayhorse Silver Mine and Mill operations working capital,

and for general and administrative expenses.

Figure 12022 drill site location

Each non-flow through unit and flow through unit will consist of one (1) common share and one (1)

transferable common share purchase warrant, with each warrant exercisable into one (1) common

share of the Company at an exercise price of $0.10 cents, exercisable for a period of 24 months from

the date of issuance.

Figure 2 Visible Gold Intersection DH2010‐05‐ 3.1 m @ 11.42 g/t Au 

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

financing is also open to all existing Canadian 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.

Finder fees may be payable on a portion of the financing not ta ken down by insiders according to the

policies of the TSX-V Exchange.

Securities issued under this placement will be subject to a four month plus a day hold period from the

date of issuance.

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

accepts full responsibility for its content. Dr. Stewart Jackso n, P.Geo., a Qualified Person and

Consultant to the Company has prepared, supervised the preparat ion of, and approved the technical

content of this press release.

On Behalf of the Board.

Graeme O'Neill, CEO

866-399-6539, 604-684-3394

About Bayhorse Silver Inc.

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

Bayhorse Silver Mine located in Oregon, USA. With state of the art Steinert Ore-Sorting technology

reducing waste rock entering the processing stream by up to 85% , we have created a minimum

environmental impact facility capable of mining 200 tons of min eralization per day and the ability to

process and supply 3,600 tons p er year of silver/copper concent rate ranging between 7,500 to 15,000

g/t using standard flotation pro cessing at its milling facility in nearby Payette County, Idaho, USA,

with an offtake agreement in place with Ocean Partners UK Limited. The Company also has an option

to acquire an 80% interest in the Brandywine high grade silver/ gold property located in B.C. Canada.

The Company has an experienced management and technical team with extensive mining expertise in

both exploration and building mines.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts res ponsibility for the adequacy or accuracy of this

release.