BAYHORSE CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT AND INCREASES TOTAL PLACEMENT TO 5,000,000 UNITS Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse”) has closed, subject to the approval of the TSX Venture Exchange, a second tranche of 1,760,000 units of the previously announced 12.5 ce

October 25, 2019 BHS2019-30

BAYHORSE CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT AND

INCREASES TOTAL PLACEMENT TO 5,000,000 UNITS

Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse”) has closed, subject to the approval of

the TSX Venture Exchange, a second tranche of 1,760,000 units of the previously announced 12.5 cents non-

flow through private placement for gross proceeds of $220 ,000. The units issued under the placement are

subject to a four month hold period until February 26, 2020.

The company also announces that, subject to the approval of the TSX -V, it has increased its previously

announced 12.5-cent non-flow through private placement to comprise five million units for gross proceeds of

$625,000.

Each non-flow through unit consists of one common share and one transferable common share purchase

warrant exercisable into one common share of the Company at an exercise price of $0.25 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 private placeme nt

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 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

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.