Received by email:

File: '\\doc\emailin\20200402 134333 Attachment BHS2020-05.docx'





  
April 2, 2020                                                                                                    BHS20
--->20-05
BAYHORSE INCREASES 7,500,000 UNIT NON-BROKERED PRIVATE PLACEMENT TO 10,000,000 UNITS AND CLOSES FIRST TRANCHE.

Bayhorse Silver Inc. BHS: TSX-V (the "Company" or "Bayhorse") has, subject to TSX Venture Exchange approval, increased
---> its previously announced non-brokered private placement for up to 7,500,000 Units at C$0.05 per Unit for gross procee
--->ds of C$375,000 to up to 10,000,000 Units at C$0.05 cents per Unit for gross proceeds of C$500,000 and has closed a fi
--->rst tranche of 4,780,000 Units for gross proceeds of C$239,000. 

Each C$0.05 Unit consists of one (1) common share, and one (1) transferable common share purchase warrant (a "Warrant"
--->). Each Warrant is exercisable into one (1) common share of the Company at an exercise price of $0.10 cents, or, at th
--->e Warrant Holder's option, each 200 Warrants is exercisable into one (1) ounce of silver at an exercise price of C$20.
--->00 per ounce (the "Silver Option"). The Warrants are exercisable for a period of 24 months from the date of issuance. 
--->The exercise of the Silver Option into silver is subject to the following conditions:

The Silver Option may only be exercised after the Company successfully mines and processes silver from the Bayhorse pr
--->operty prior to the maturity date of the Warrants, provided that the Company, at its sole discretion, delivers written
---> notice to each Warrant holder that they shall have the right to receive payment in kind by delivery of physical ounce
--->s of silver; and
The exercise of the Silver Option is subject to a minimum of five thousand (5,000) Warrants (25 ounces of silver) 
In addition to any other exemption available to the Company, participation in the non-brokered financing is also 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 funds raised are for the purpose of optimizing the metallurgical work on the silver recovery from the upgrading, p
--->rocessing and refining of silver mineralization from the Bayhorse Silver Mine, Oregon, USA., as well as general and ad
--->ministrative purposes.

Bayhorse CEO, Graeme O'Neill, comments, "Mexico, at annual production in 2019 of 6,300 metric tonnes of silver, or 184
---> million troy ounces, was approximately 22% of the worlds 27,000  tonne (790 million troy ounce) annual silver product
--->ion.  With Mexican silver production now shutdown, added to the already significant shut downs in Chile, Peru, and Arg
--->entina, almost 47% of annual world silver production is now off line. It will be some time before silver production ge
--->ts back to normal. As a small silver mining operation, we are more flexible and with nearly 400 tons of pre-sorted sil
--->ver mineralization ready for final processing into silver concentrate and we should be able to get that concentrate re
--->ady for shipment in a short period of time once we can resume operations."
 
The Company is not basing any decision to produce on a feasibility study of mineral reserves demonstrating economic an
--->d technical viability and advises there is an increased uncertainty and specific economic and technical risk of failur
--->e with any production decision. These risks include, but are not limited to, (i) a drop in price of commodities produc
--->ed, namely silver, copper, lead and zinc, from the pricing used to make a production decision; (ii) failure of grades 
--->of the produced material to fall within the parameters used to make the production decision; (iii) an increase in mini
--->ng costs due to changes within the mine during development and mining procedures; and (iv) metallurgical recovery chan
--->ges that cannot be anticipated at the time of production.

Finder fees may be payable on a portion of the financing not taken down by insiders according to the policies of the T
--->SX-V.

Bayhorse CEO and Director, Graeme O'Neill, has subscribed for 2,500, 000 Units ($125,000) of the placement and Bayhors
--->e CFO, Rick Low, has subscribed for 400,000 Units ($20,000). Graeme O'Neill has sold, both through the facilities of t
--->he Exchange and privately, 2,500,000 shares of the Company to facilitate his subscription. Securities issued under thi
--->s placement will be subject to a four month and one day hold period from the date of issuance.
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
investors@bayhorsesilver.com
1-866-399-6539
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 an option on 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.