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File: Attachment BHS2019-35.docx

////////////December 3, 2019  BHS2019-35

BAYHORSE CLOSES NON-BROKERED PRIVATE PLACEMENT TRANCHES

Bayhorse Silver Inc. BHS: TSX-V (the "Company" or "Bayhorse") announces that, subject to the approval of the TSX-V, it
---> has closed a first tranche of its previously announced non-brokered private placement consisting of 1,300,000 flow-th
--->rough units at $0.125 cents per unit, for gross proceeds of $162,500, and 800,000 non-flow through units at $0.125 cen
--->ts for  gross proceeds of $100,000

Proceeds are to advance the Company's Brandywine project, in British Columbia, Canada, the  Bayhorse Silver Mine, Oreg
--->on, USA, and for general and corporate purposes.

Bayhorse CEO, Graeme O'Neill has subscribed for 1,200,000 flow-through Units and 800,000 non flow through units for gr
--->oss proceeds to the Company of $250,000. He has funded his subscriptions through the sale, both privately, and through
---> the facilities of the TSX Venture Exchange, of 2,500,000 common shares of the Company. Bayhorse CFO, Rick Low, has su
--->bscribed for 100,000 flow through shares for gross proceeds to the Company of $12,500.
In addition to any other exemption available to the Company, participation in the non-brokered private placement is al
--->so 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.
The Company has, subject to Exchange approval, extended the expiry dates of 1,524,500 warrants expiring December 27, 2
--->019, 2,231,500 warrants expiring January 18, 2020, and 3,768,500 warrants expiring March 2, 2020, to March 2, 2021. Th
--->e warrants are exercisable into common shares of the Company at $0.30 cents per share.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full respo
--->nsibility for its contents. 

On Behalf of the Board,

Graeme O'Neill, CEO
company@bayhorsesilver.com
1-866-399-6539

About Bayhorse Silver Inc.
Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic Bayhorse Silver Min
--->e located in Oregon, USA, and has optioned the Brandywine, precious metals rich, volcanogenic massive sulphide propert
--->y located in B.C., Canada. The Company has an experienced management and technical team with extensive mining expertis
--->e surrounding exploration and building mines.

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.