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BHS.V ·

Bayhorse Receives First Payment FOR ORE-Sorter Rental to Canadian Critical Minerals Inc.

Corporate Updates

November 9, 2023 BHS2023-12

BAYHORSE RECEIVES FIRST PAYMENT FOR ORE-SORTER RENTAL TO CANADIAN

CRITICAL MINERALS INC.

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

or “Bayhorse”) reports that it received the first payment from the Agreement with Canadian Critical

Minerals (“CCMI”) to rent its Steinert KSS100 Ore-Sorter to allow CCMI to upgrade their

approximately 180,000 ton run of mine mineralized stockpile at its Bull River Mine, near Cranbrook,

BC.

Bayhorse has operated its Ore-Sorter effectively since 2018 to increase grade and reduce the volume

of mineralized material for processing at its Bayhorse Silver Mine flotation mill, Payette, Idaho, thus

reducing mill operating costs. The Steinert X -Ray Transmissive Ore- Sorter has proven to be a very

effective technology for reducing milling operating costs by reducing waste rock from the mineralized

processing stream.

Bayhorse CEO, Graeme O’Neill, comments “the Company’s geological consultants are reviewing the

significant mineral discovery 28 miles north-northwest of the Bayhorse Silver Mine in Idaho, recently

announced by Hercules Silver , that he believes is related to the recent increase in trading volume of

Bayhorse.”

The Company has granted 1,400,000 incentive stock options to Officers, Director s, Consultants and

Employees that fully vest on the date of grant and are exercisable at an exercise price of $0.05 per

common share on or before November 10, 2025.

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

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 propert y 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.