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Tuesday, September 15, 2026 Admin

BHS.V ·

Bayhorse Silver Inc. Announces Investor Relations Agreement and Grant of Stock Options Bayhorse Silver Inc, (BHS: TSX -V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company” or “Bayhorse”) announces that it has entered into a marketing and investor relations agreement dated

Share Capital & Compensation Marketing Announcement

April 10, 2026 BHS2026-10

Bayhorse Silver Inc. Announces Investor Relations Agreement and Grant of Stock Options

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

or “Bayhorse”) announces that it has entered into a marketing and investor relations agreement dated

March 26, 2026 with M & M Consult UG (haftungsbeschränkt) (“MMC”), a Germany- based firm, to

provide investor awareness and marketing services in Europe.

Under the terms of the agreement, MMC will assist the Company in increasing visibility among

German-speaking investors through online platforms, advertising placements, and media distribution.

Services include promotional exposure on mining-focused websites, digital advertising campaigns, and

dissemination of corporate communications.

The agreement has an initial term of six months commencing April 1, 2026, and may be extended by

mutual agreement for another six months. Cash compensation is €2,100 per month, payable quarterly

commencing on April 1, 2026 for the initial term . If the agreement is extended, compensation for the

second six months will be €1,500 per month, for a 12 month aggregate of €21,600.

The Company further announces that it has granted a total of 400,000 stock options (the “Options”) to

various officers, directors and consultants, pursuant to its stock option plan of which 100,000 Options

are being issued in connection with the MMC engagement those 100,000 options being issued to are

subject to vesting provisions over a 12 month period in accordance with TSX.V Policy.

All other 300,000 options granted vest immediately.

The Options are exercisable at $0.10 per share for a period of five years from the date of grant.

The Company confirms that MMC and its principal are arm’s length to the Company and will not

provide investor relations services in Canada. MMC does not hold any securities in the Company other

than the 100,000 Options being issued in connection with the MMC engagement.

The engagement of MMC and the grant of the related 100,000 stock options are subject to the terms of

the Company’s stock option plan and the approval of the TSX Venture Exchange.

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 a National Instrument 43-101 inferred resource of

292,300 tons at a grade of 21.65 opt (673 g/t) for 6.3 million ounces of silver. (Turner et al. 2018) and

the Pegasus Project, in Washington County, Idaho. The Bayhorse Silver Mine and the Pegasus Project

are 44 km southwest of Hercules Metals’ porphyry copper discovery. The Bayhorse Mine is a

minimum environmental impact facility capable of processing at a mining rate up 200 tons/day that

includes a state of the art 40 ton per hour Steinert Ore -Sorter that reduces waste rock entering the

processing stream by up to 85%. The Company has established an up to 60 ton/ day mill and standard

flotation processing facility in nearby Payette County, Idaho, USA with an offtake agreement in place

with Ocean Partners UK Limited. The Company has an experienced management and technical team

with extensive mining expertise in both exploration and building mines.

FORWARD LOOKING STATEMENTS:

This news release includes certain statements that may be deemed “forward- looking statements”. All

statements in this news release, other than statements of historical facts, that address events or

developments that the Company expects to occur, are forwar d-looking statements. Forward-looking

statements are statements that are not historical facts and are generally, but not always, identified by

the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”,

“potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or

“should” occur. Although the Company believes the expectations expressed in such forward-looking

statements are based on reasonable assumptions, such statements are not guar antees of future

performance and actual results may differ materially from those in the forward-looking statements. In

particular, these forward- looking statements are based on assumptions regarding: (i) stability in

precious metals markets and silver prices; (ii) no further significant macroeconomic shocks or

disruptions; (iii) continued market liquidity and investor access to capital; (iv) recovery of investor

sentiment in the junior mining sector; and (v) timely receipt of required regulatory approvals. Factors

that could cause the actual results to differ materially from those in forward -looking statements

include: fluctuations in metal and commodity prices; continued availability of equity capital and

financing; extreme market volatility and changes in investor sentiment; general economic, market, and

business conditions; macroeconomic shocks and trade policy uncertainty; market liquidity constraints;

timing and receipt of regulatory approvals (including from the TSX Venture Exchange); and risk that

market recovery timing may differ materially from management expectations. Readers are cautioned

not to place undue reliance on forward- looking statements. For a complete discussion of risk factors

affecting the Company, please refer to the "Risks and Uncertainties" section of the Company's most

recent Management's Discussion and Analysis available on SEDAR+ at www.sedarplus.ca. Investors

are cautioned that any forward- looking statements are not guarantees of future performance and

actual results or developments may differ materially from those projected in the forward- looking

statements. Forward- looking statements are based on the beliefs, estimates and opinions of the

Company’s manageme nt on the date the statements are made. Except as required by applicable

securities laws, the Company undertakes no obligation to update these forward-looking statements in

the event that management's beliefs, estimates or opinions, or other factors, should change.

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.