BAYHORSE CLOSES NON-FLOW THROUGH PRIVATE PLACEMENT Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse”) announces that it has closed its previously announced non-flow through non-brokered private placement at a price of $0.075 per

July 22, 2019 BHS2019-21

BAYHORSE CLOSES NON-FLOW THROUGH PRIVATE PLACEMENT

Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse”) announces that it has closed

its previously announced non-flow through non-brokered private placement at a price of $0.075 per

unit for gross proceeds of $330,000 (the “Non-Flow Through Units”).

Each Non- Flow Through Unit consist s of one common share and one transferable common share

purchase warrant exercisable into one common share of the Company at an exercise price of $0.125

cents for a period of thirty-six months from the date of issuance.

Proceeds of the financing are to fund the Bayhorse Silver Mine and for general and administrative

costs.

The shares issued under the placement are subject to a four month hold period until November 23,

2019.

Bayhorse CEO, Graeme O’Neill , has subscribed for a total 1,966,667 Non-Flow Through Units of

the private placement , and has sold, in addition to those transactions disclosed in the Company’s

news release, BHS2019 -18, both through private transactions , and through the facilities of the TSX

Venture Exchange, 200,000 common shares of the Company to facilitate his subscriptions.

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

604-684-3394

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

Bayhorse Silver Mine Oregon, USA. a nd has optioned the Brandywine , precious metals rich,

volcanogenic massive sulphide property located in B.C., Canada. 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.