Mr. Graeme O'Neill reports

BAYHORSE SILVER UNDERGROUND DRILLING OPERATIONS SUSPENDED DUE TO WILDFIRES

Drilling was suspended on the afternoon of Friday, July 24, due to a wildfire at Fox Creek, seven miles north of Bayhorse Silver Inc.'s Bayhorse mine.

On Saturday, July 25, it had grown to over 45,000 acres, and it is reported to have reached the town of Huntington, which is beside Interstate I-84, that is currently closed over an 80-mile stretch. The Bayhorse silver mine lies between Fox Creek and Huntington beside the Snake River's Brownlee reservoir.

Chief executive officer Graeme O'Neill, who is currently in close proximity to the mine location, commented that, while there is little fuel for a wildfire at the mine site, and it is within 300 feet from the Brownlee reservoir, wildfire behaviour is difficult to predict close to large bodies of water. He further commented that, while access to the area is prohibited and an evacuation order is in place due to the continuing wildfire danger, he understands that the mine site may be accessible in the next few days for his inspection. Due to the access restrictions placed on Huntington and the mine site, the company is unable to determine the impact of the wildfire on its facilities at this time.

At the time before the closure, underground drilling operations were under way with a new easterly drill hole collared and a series of four 300- to 350-foot drill holes to the east of the current known inferred resource area commenced.

Additionally, the crushing circuit was fully operational, and the first of the bulk sampling crushing had begun.

The company has taken delivery of a John Deere 325 G skidsteer for service support equipment and a 45-foot-by-25-foot metal building to be used as a core shack at the mine site.

The company will issue an update on operations and the impact of the wildfire when the evacuation order is lifted.

About Bayhorse Silver Inc.

Bayhorse is an exploration and production company with a 100-per-cent interest in the historic Bayhorse silver mine located in Oregon, United States, with a National Instrument 43-101 inferred resource of 292,300 tons at a grade of 21.65 ounces per ton (673 grams per tonne) 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 porphyry copper 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 of up to 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, United States, 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.

We seek Safe Harbor.