Mr. Graeme O'Neill reports

BAYHORSE AMENDS NON-FLOW THOUGH PRIVATE PLACEMENT

Bayhorse Silver Inc., subject to TSX Venture Exchange approval, has amended its previously announced non-brokered non-flow-through private placement of up to four million units at five cents per unit for gross proceeds of $200,000, to eight million units at four cents each for gross proceeds of $320,000.

Each non-flow-through unit will consist of one common share and one transferable common share purchase warrant, with each warrant exercisable into one common share of the company at an exercise price of 10 cents, exercisable for a period of 24 months from the date of issuance. The previously announced flow-through financing terms remain unchanged.

The proceeds of the non-flow-through financing are for the Bayhorse silver mine mill operations working capital, and for general and administrative expenses.

The company is now ready and preparing a silver/copper concentrate container shipment to Ocean Partners. The shipment was delayed for a number of reasons, including low silver prices, lack of container availability and drastically increased shipping costs.

In addition to any other exemption available to the company, participation in the non-brokered financing is also open to all existing Canadian shareholders, even if not accredited investors, under the existing shareholder exemption of National Instrument 45-106 as promulgated in Multilateral CSA (Canadian Securities Administrators) notice 45-313 in participating jurisdictions.

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

Securities issued under this placement will be subject to a four-month-plus-a-day hold period from the date of issuance. This news release has been prepared on behalf of the Bayhorse Silver's board of directors, which accepts full responsibility for its content.

About Bayhorse Silver Inc.

Bayhorse Silver is an exploration and production company with a 100-per-cent interest in the historic Bayhorse silver mine located in Oregon, United States. With state-of-the-art Steinert ore-sorting technology reducing waste rock entering the processing stream by up to 85 per cent, the company has created a minimum environmental impact facility capable of mining 200 tons of mineralization per day, and the ability to process and supply 3,600 tons per year of silver/copper concentrate ranging between 7,500 and 15,000 grams per tonne using standard flotation processing at its milling facility in nearby Payette county, Idaho, U.S., with an offtake agreement in place with Ocean Partners U.K. Ltd. The company also has an option to acquire an 80-per-cent interest in the Brandywine high-grade silver/gold property located in British Columbia, Canada. The company has an experienced management and technical team with extensive mining expertise in both exploration and building mines.