Bayhorse to Present at Mines & Technology

May 22, 2019 BHS2019-15

BAYHORSE TO PRESENT AT MINES & TECHNOLOGY VANCOUVER, JUNE 4-6.

AMENDS TERMS OF PREVIOUSLY ANNOUNCED FLOW-THROUGH PRIVATE

PLACEMENT

Bayhorse Silver Inc. BHS: TSX -V (the “Company” or “Bayhorse“) is pleased to report that CEO

Graeme O’Neill will be presenting a case study on Ore- Sorting technology in use at its low

environmental impact, high grade, Bayhorse Silver Mine, Oregon, USA, at the upcoming Mines &

Technology Vancouver 2019 at Pan Pacific Hotel Conference Center, June 4 – 6.

The Company also announces that, further to its news release dated April 17, 2019, and subject to the

approval of the TSX Venture Exchange, it has amended its previously announced private placement

of 7,500,000 flow-through units at a price of $0.125 per unit.

The non-brokered private placement will now consist of 2,500,000 flow -through units at a price of

$0.10 per unit for gross proceeds of $250,000 (the “Flow-Through Units”) and 3,500,000 non-flow

units at a price of $0.075 per unit for gross proceeds of $262,500 (the “Non-Flow Through Units”),

to raise an aggregate of $512,500 (collectively, the “Private Placement”).

Each Flow-Through Unit will consist of one flow-through common share and one transferable

common share purchase warrant exercisable into one common share of the Company at an exercise

price of $0.15 cents for a period of twelve months from the date of issuance.

Each Non-Flow Through Unit will consist of one common share and one transferable common share

purchase warrant exercisable into one common sh are of the Company at an exercise price of $0.15

cents for a period of twelve months from the date of issuance.

Under the terms of the Private Placement, Bayhorse has the right to accelerate the expiry date of the

flow-through warrants and the non -flow through warrants if, at any time subsequent to four months

and one day after the closing date, the average closing price of Bayhorse’s common shares is equal to

or greater than $0.20 for ten consecutive trading days. In the event of acceleration, the expiry date

will be accelerated to a date that is 30 days after Bayhorse issues a news release announcing that it

has elected to exercise this acceleration right.

In addition to any other exemption available to the Company, participation in the Private Placement

is also open to all existing shareholders, even if not accredited investors, under the "existing

shareholder" exemption of National Instrument 45- 106 as promulgated in Multilateral CSA notice

45-313 in participating jurisdictions.

Proceeds of the financi ng are to fund the upcoming exploration program on the Company’s newly

acquired Brandywine gold/silver project , the Bayhorse Silver Mine, and for general and

administrative costs.

The terms of the Private Placement are subject to the approval of the TSX Venture Exchange.

On Behalf of the Board.

Graeme O'Neill, CEO

604-684-3394

Bayhorse Silver Inc., a junior exploration company, has earned 100% interest in the historic

Bayhorse Silver Mine Oregon, USA. a nd has optioned the Brandywine , precious metals r ich,

volcanogenic massive sulphide property located in BC, Canada. The Company has an experienced

management and technical team with extensive exploration and mining expertise.

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.