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BHS.V ·

Bayhorse Postpones Filing of Annual Financial Statements and MD&A Due to COVID- 19 Related Delays Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse“) has , due to logistics and delays caused by the COVID -19 pandemic, postponed filing its annual financial statements, management's

Financials

April 23, 2020 BHS2020-10

Bayhorse Postpones Filing of Annual Financial Statements and MD&A Due to COVID- 19

Related Delays

Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse“) has , due to logistics and delays

caused by the COVID -19 pandemic, postponed filing its annual financial statements, management's

discussion and analysis, for the year ended December 31, 2019,

Bayhorse is relying on exemptive relief recently granted by Canadian securities regulatory authorities

that allows it to delay the filing of its annual documents required by National Instrument 51- 102 by

April 29, 2020. In response to the coronavirus disease 2019 pandemic, securities regulatory

authorities in Canada have granted a blanket exemption allowing issuers an additional 45 days to

complete their regulatory filings.

Bayhorse estimates that its 2019 annual documents will be available for filing at its earliest

opportunity, which is expected to occur on or before June 13, 2020. Until such time as the 2019

annual documents are filed, Bayhorse’s management and other insiders are subject to a trading

blackout that reflects the principles contained in section 9 of National Policy 11- 207 - Failure-to-File

Cease Trade Orders and Revocations in Multiple Jurisdictions.

There have bee n no material business developments since the date of the last interim financial

statements, filed on November 28 , 2019; however, the Company has issued news releases

subsequent to November 28, 2019, copies of which are available on SEDAR at www.sedar.com.

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

[email protected]

1-866-399-6539

Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic

Bayhorse Silver Mine located in Oregon, USA, and an option on 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 mining expertise surrounding

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.