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April 16, 2020                                                                                                    BHS2
--->020-09
BAYHORSE CLOSES FINAL TRANCHE OF 18 MILLION UNIT NON-BROKERED PRIVATE PLACEMENT TO 

Bayhorse Silver Inc. BHS: TSX-V (the "Company" or "Bayhorse") has closed the final tranche of 12,320,000 Units  of its
---> previously announced non-brokered private placement of 18,000,000 Units at C$0.05 per Unit for gross proceeds of C$61
--->6,000. 

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). 

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, "The Company thanks all our private placement subscribers for their support du
--->ring these trying times." 


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 are payable to Leede Jones Gable Inc. (cash of $301 and 6,020 Warrants), P.I. Financial, Corp (cash of $17
--->,500 and 350,000 Warrants) and Canaccord Genuity Corp. (cash of $1,750 and 35,000 Warrants) on a portion of the financ
--->ing not taken down by insiders according to the policies of the TSX-V.

Bayhorse CEO, Graeme O'Neill has subscribed in total for 3,300,000 Units ($165,000) and Bayhorse CFO, Rick Low, has su
--->bscribed for 400,000 Units ($20,000) of the private placement. Graeme O'Neill has sold, both through the facilities of
---> the Exchange and privately, 3,300,000 shares of the Company to facilitate his subscription. 

Securities issued under this placement will be subject to a four month and one day hold period from the date of issuan
--->ce.
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
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.