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January 16, 2021  BHS2021-01
BAYHORSE  Not To Proceed With Earn-In Option From Harrison Gold Project
Bayhorse Silver Inc. (BHS: TSX-V) (the "Company" or "Bayhorse") reports that after extensive due diligence, and the in
--->ability to reach agreement on the terms of the post earn-in management of the contemplated Joint Venture upon earn-in,
---> it has decided, in the best interests of the Company and its shareholders, to not continue with the earn-in with Bear
---> Mountain Gold Mines Ltd on the Harrison Gold Project, Harrison, BC., Canada.
The Company continues with processing silver concentrate at its Bayhorse Silver Mine mill and flotation facility in ne
--->arby Idaho, with upgrades underway to increase the daily throughput of concentrate, on a 24 hour cycle, to 10 tonnes p
--->er day.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full respo
--->nsibility for its content. 
On Behalf of the Board,
Graeme O'Neill, CEO
company@bayhorsesilver.com
1-866-399-6539
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.

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, an option to acquire an 80% interest on the Brandywine, precious metals rich, volcanogenic m
--->assive sulphide property, located in B.C., Canada. The Company has an experienced management and technical team with e
--->xtensive mining expertise surrounding exploration and building mines.