Mr. Graeme O'Neill reports

BAYHORSE APPOINTS MR. CHRISTOS DOULIS AS DIRECTOR

Bayhorse Silver Inc. has appointed Christos Doulis to the company's board of directors.

Mr. Doulis brings over 25 years of experience in the metals and mining space. He has held senior positions in mining equity research, investment banking and in industry. He was an award-winning research analyst at Stonecap Securities and PI Financial from 2010 to 2015. Prior to that, Mr. Doulis was a partner at Gryphon Partners, a boutique specializing in mining transactions, as well as vice-president of investment banking (mining) at TD Securities. More recently, Mr. Doulis served as chief executive officer for several exploration companies focused on western Newfoundland and in Nevada. He is currently CEO of Smooth Rock Ventures and sits on the board of Grit Metals Corp. He holds a bachelor of arts in economics from Queen's University.

Bayhorse CEO Graeme O'Neill commented: "Christos brings a wealth of finance and industry experience to the Bayhorse team, and will help guide the company as it advances both the Bayhorse silver mine and the adjacent Pegasus porphyry copper and silver project."

The company announces a grant of 250,000 incentive stock options to directors, employees and consultants. The stock options vest on the grant date and are exercisable at 10 cents per share for five years from date of issuance.

About Bayhorse Silver Inc.

Bayhorse Silver is an exploration and production company with a 100-per-cent interest in the historic Bayhorse silver mine, located in Oregon, with a National Instrument 43-101 inferred resource of 292,300 tons at a grade of 21.65 ounces per ton (oz/t) (673 g/t) for 6.3 million ounces of silver (Turner et al., 2018), and the Pegasus project, a highly prospective porphyry copper prospect, in Washington county, Idaho. The Bayhorse silver mine and the Pegasus project are 44 kilometres 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 per 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 per cent. The company has established an up-to-60-ton-per-day mill and standard flotation processing facility in nearby Payette county, Idaho, with an offtake agreement in place with Ocean Partners U.K. Ltd. The company has an experienced management and technical team with extensive mining expertise in both exploration and building mines.