Mr. Richard Wilson reports

PRIVATE PLACEMENT

Baroyeca Gold & Silver Inc. has closed its private placement previously announced in February, 2012, by which it has sold $328,999.95 of its securities, consisting of 2,193,333 units at a price of 15 cents per unit, each unit consisting of one common share and one non-transferable share purchase warrant, each such warrant entitling the holder to acquire one additional common share at a price of 20 cents per share for one year. In conjunction with the private placement, the company has agreed to pay finders' fees of $8,820 in cash. The private placement is subject to final acceptance by the exchange.

Director resigns

The company also announces that Erik Ostensoe, after five years of service, has resigned as a director of the company. The company thanks Mr. Ostensoe for his contribution to the company over those five years and wishes him great success in his further endeavours.