BAYHORSE CLOSES $200,000 FIRST TRANCHE OF NON- BROKERED PRIVATE PLACEMENT Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse“) announces, subject to TSX-V Exchange approval, that it has closed the first tranche consisting of 2,000,000 Units, for gross

February 12, 2019 BHS2019-04

BAYHORSE CLOSES $200,000 FIRST TRANCHE OF NON- BROKERED PRIVATE

PLACEMENT

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

Exchange approval, that it has closed the first tranche consisting of 2,000,000 Units, for gross

proceeds of $200,000, of its previously announced non-brokered private placement for up to

7,500,000 Units at $0.10 per Unit.

Each C$0.10 Unit consists 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 a t an exercise

price of $0.15 cents, exercisable for a period of 24 months from the date of issuance.

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

financing is also open to all existing shareholders, even i f not accredited investors, under the

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

notice 45-313 in participating jurisdictions.

The funds raised are for the purpose of optimizing the silver recovery from the upgrading, processing

and refining of silver mineralization submitted to refiners and smelters (BHS2018- 36) from the

Bayhorse Silver Mine, as well as general and administrative costs.

The Company is not basing any decision to produce on a feasibility study of mineral reserves

demonstrating economic and technical viability, and also advises there is an increased uncertainty

and specific economic and technical risk of failure with any production decision. These risks include,

but are not limited to, a drop in price of commodities produced, namely silver, copper, lead and zinc,

from the pricing used to make a production decision. Failure of grades of the produced material to

fall within the parameters used to make the production decision, and increase in mining costs due to

changes within the mine during development and mining procedures. There are also metallurgical

recovery changes that cannot be anticipated at the time of production.

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

policies of the TSX-V.

Graeme O’Neill, a Director and Insider of Bayhorse, has subscribed for 1,750,000 Units of the

placement.

The Company has granted 885,000 I ncentive Stock Options, exercisable for five years at C$0.10 per

common share to Officers, Directors, Consultants and employees of the Company

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

which accepts full responsibility for its contents. Dr. Stewart Jackson, P.Geo., a Qualified Person and

Consultant to the Company has prepared, supervised the pre paration of, and approved the technical content of

this press release.

On Behalf of the Board.

Graeme O'Neill, CEO

604-684-3394

Bayhorse Silver Inc., a junior exploration company, has earned 100% interest in the historic

Bayhorse Silver Mine, Oregon, USA. The Company has an experienced management and technical

team with extensive exploration and mining expertise.

Neither the 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 this

release.