Bayhorse Receives Ni 43-101 Technical Report FOR Its Precious Metals Rich Brandywine VMS Project, British Columbia, Canada

October 28,2021 BHS2021-18

BAYHORSE RECEIVES NI 43-101 TECHNICAL REPORT FOR ITS PRECIOUS

METALS RICH BRANDYWINE VMS PROJECT, BRITISH COLUMBIA,

CANADA

Bayhorse Silver Inc (“Bayhorse” or the “Company”) (BHS TSX-V) has, received from

APEX Geoscience Ltd. (Apex) a National Instrument NI-43-101 Technical Report (the

“Report”) on its Brandywine precious metals -rich, volcanogenic massive sulphide

property located near Squamish, British Columbia, Canada.

The Brandywine Property compris ing 15 contiguous mineral claims, covering a total

area of 1,679.8 ha ,has undergone several historical exploration phases including bulk

tonnage shipments to smelters, extensive drilling, and extens ive geochemical and

geophysical studies.

The Brandywine property conceptually falls within a class of high gold- silver

volcanogenic massive sulphide deposits that include the Eskay Creek deposit of

northern British Columbia; the Green’s Creek deposit o n Admiralty Island near

Juneau, Alaska;. This family of deposits is particularly silver and lead rich with

important gold, zinc, copper and other metal values.

The Report recommends an ini tial two stage exploration program costing $1,080,000,

with the first sta ge consisting of a 315 line km VTEM survey, and 1,200 meters of

drilling at the Dave’s Pond (DP) zone. The second stage will consist of a further 2,000

meters of drilling , LIDAR and ground geophysical survey for drill targeting, and

geochemical soil sampling program.

In 2019, the Company conducted a resampling program of Auramex Resources Corp.

drill core from a short 175 m drilling program to confirm prior drilling results by La

Rock Mining Corp. (La Rock). La Rock completed 116 diamond drillholes, totaling at

least 8,194 m, in several drill campaigns at Brandywine from 1992 to 1996.

The re-sampling program of the 2010 drilling program confirmed the presence of

significant coarse grained grade gold mineralization in a mineralized vein sy stem

situated adjacent to the historical underground targets. Drillhole BRW10- 05 returned

3.1 meters ( m) core length of 11.42 grams per tonne (g/t ) gold (Au ) from 26.5 m

depth, including 1.6 m of 20.2 g/t Au and drillhole BRW10- 06 returned 3.1 m core

length of 3.35 g/t Au from 32.6 m depth, including 1.6 m of 4.10 g/t Au. The metallic

screen (MeT) assay results from a suite of eleven samples taken from mineral ized

sections are compared with the 2010 results in Table 10.1. In general, good correlation

was observed between Bayhorse’s 2019 samples and the original 2010 core. In

addition, the FA -MeT results showed the suitability of using analytical methods to

account for coarse Au mineralization at the Brandywine Property.

*The true width of mineralized intercepts is not known

Drillhole From (m) To (m) Length (m)*

Au AVG Metallics

FA 2019 (g/t)

Au AVG 30g Pulps

FA 2010 (g/t)

BRW10-05 11.3 12.8 1.5 1.43 2.20

BRW10-05 20.4 21.9 1.5 0.47 1.40

BRW10-05 26.5 29.6 3.1 11.42 3.73

BRW10-05 Including 1.6 20.20 6.23

BRW10-05 34.1 35.7 1.6 1.86 1.02

BRW10-06 23.5 25.0 1.5 1.31 0.02

BRW10-06 25.0 26.5 1.5 0.57 1.07

BRW10-06 32.6 35.7 3.1 3.35 2.89

BRW10-06 Including 1.6 4.10 3.29

BRW10-07 41.8 43.3 1.5 1.20 1.52

BRW10-07 57.0 58.5 1.5 1.83 1.64

The microscopic analysis suggested that the “highest gold assays obtained in holes

BRW10-05 and BRW10-06 are substantiated by the presence of native gold with minor

galena (less than 1%). Other sections, showing high Pb content from ICP analyses,

show larger proportion of silver mineralization in relation to gold (Hole BRW10 -06 at

32.6 m depth). Microscopic study shows that silver here is carried by Ag- bearing

tetrahedrite in addition to galena, while gold occurs as electrum (Baldys, 2020)”.

Table Metallic screen assay results of Bayhorse’s 2019 re- sampling program compared to

Auramex’s 2010 results (from Bayhorse Silver, 2019).

Additionally, the reports identify the presence of Pyrargyrite (Ruby Silver), as well as

the rare silver specimen minerals, diasphorite, fizelyite, (rare silver- lead-antimony

Sulfosalt) semseyeyite, miargyrite,(silver, antimony sulphide) and prostilpnite (Ag, Sb,

S), all indicative of the presence of high grade silver, as well as the rare mineral

hubnerite on the property.

In 1977, Van Silver Mines Ltd. built a 136.1 tonne (150 ton) per day mill to treat

mineralization mined from the Silver Tunnel Showing, Main Showing and Tedi Pits. A

total of 3,583.4 tonnes (3,950 tons) were mined and averaged 15.43 g/t (0.45 troy

ounce per short ton (opt)) Au, 2,420.91 g/t (70.61 opt) Ag, 6.08% Pb and 8.90% Zn

(Lee, 1996).

The Company advises that the information and resources are historical in nature.

Historic production estimates and grades reported have not been verified. A qualified

person has not done sufficient work to verify the h istorical estimates nor classify the

historical estimates as current mineral resources or mineral reserves, and the Company

is not treating the historical estimates as current mineral resources or mineral reserves.

While the various historical tonnage calculations have not been verified by a Qualified

Person, the detailed drill data available from extensive work by several exploration

groups is preserved, and will serve as a basis for confirmation drilling of the known

sulphide mineralization target areas.

Bayhorse CEO Graeme O’Neill comments “Brandywine is an excellent high grade

silver and gold prospect that complements our high grade Bayhorse Silver Mine.”

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

Directors, which accepts full responsibility for its contents. Dr. Stewart Jackson,

P.Geo., a Qualified Person and Consultant to the Company has prepared, supervised

the preparation of, and approved the technical content of this press release.

On Behalf of the Board.

Graeme O'Neill, CEO

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 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 acqui re 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 Excha nge 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.