Bayhorse Closes Private Placement

October 5, 2023 BHS2023-09

BAYHORSE CLOSES PRIVATE PLACEMENT

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

or “Bayhorse”) announces that, subject to the approval of the TSX Venture Exchange, it has closed

its 6 million Unit non-brokered private placement, for gross proceeds of $90,000.

Each unit consists of one common share, and one transferrable common share purchase warrant, each

warrant exercisable into one common share of the Company at a price of $0.05 cents per common

share for a period of 15 months from issuance.

Bayhorse Silver CEO, Graeme O’Neill, has subscribed for 6 million units of the private placement. He

has funded his subscription partly through arranged sales and through the facility of the TSX Venture

Exchange. This participation by Bayhorse’s CEO constitutes a “related party transaction” as defined

under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions

(“MI 61 -101”). Such participation is exempt from the formal valuation and minority shareholder

approval requirements of MI 61-101 as neither the fair market value of the units acquired by the insider,

nor the consideration for the units paid by such insider, exceed 25% of the Company’s market

capitalization.

The funds received are to complete the deficiencies on the Company’s full operating permit application

for the Bayhorse Silver Mine, to complete the reclamation of the Flagstaff property and for general

and administrative expenses.

Securities issued under this placement are subject to a hold period expiring on February 6, 2024.

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 with 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 mineralization per day and the ability to

process and supply 3,600 tons per year of silver/copper /antimony concentrate ranging between 7,500

to 15,000 g/t using standard flotation processing 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 responsibility for the adequac y or accuracy of this

release.