Mr. Richard Wilson reports

PRIVATE PLACEMENT FINANCING

Baroyeca Gold & Silver Inc. has agreed to a non-brokered private placement of up to $200,000 of its securities consisting of the sale of up to 13,333,333 shares in the capital of the company at a price of 1.5 cents per share.

The proceeds from the private placement will be used to pay outstanding accounts payable and general and administrative expenses and continuing operating costs for the company.

The private placement is subject to acceptance for filing by the TSX Venture Exchange.