Bayhorse Settles Debt

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May 25, 2022 BHS2022-10

BAYHORSE SETTLES DEBT

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

(“Bayhorse” or the “Company”) settles convertible debt plus accrued and unpaid

interest.

The Company is amending its news release issued on May 18, 2022 . Subject to the

approval of the TSX Venture Exc hange, the Company has settled $ 352,935 of

convertible debenture plus accrued and unpaid interest of $30,6 35.91 through the

issuance of 7,671,418 common shar es of the Company at a price o f $0.05 per share,

which was the closing price of the Company's stock on the settl ement date of May 17,

2022. In accordance with the TSX Venture Exchange rules, the shares issued are subject

to a hold period of four months plus a day from the date of issuance.

This News Release has been pre pared on behalf of the Bayhorse S ilver Inc. Board of

Directors, which accepts full responsibility for its contents.

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 wa ste rock entering the process ing 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

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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 acquire an 80% interest in the Brandywine high gra de silver/gold property

located in B.C. Canada. The Com pany has an experienced manageme nt 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 Ventur e Exchange) accepts responsibility for the

adequacy or accuracy of this release.