Bayhorse Extends Warrants

January 4, 2023 BHS2023-01

BAYHORSE EXTENDS WARRANTS

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

or “Bayhorse”)

The Company announces that, subject to the approval of the TSX -V Exchange, the Company has

extended the expiry date of the following warrants (all other terms remain unchanged):

a) Original expiry date of 20,000,000 warrants: February 1, 2023.

New expiry date of 20,000,000 warrants: February 1, 2026.

Exercise price of warrants: 15 cents.

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

accepts full responsibility for its content.

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 concentrate ranging between 7,500 to 15,000

g/t using standard f lotation 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 adequacy or accuracy of this

release.