Mr. Graeme O'Neill reports

BAYHORSE ENTERS INTO AGREEMENT TO RENT ORE-SORTER TO CANADIAN CRITICAL MINERALS INC.

Bayhorse Silver Inc. has entered into an agreement to rent its Steinert KSS100 ore sorter to Canadian Critical Minerals (CCMI) to allow CCMI to upgrade its approximately 180,000-tonne run-of-mine mineralized stockpile at its Bull River mine near Cranbrook, B.C.

CCMI has issued a news release announcing an agreement to ship up to 90,000 tonnes of sorted, upgraded copper/gold-mineralized material to the New Afton mill near Kamloops, B.C.

Bayhorse has operated its ore sorter effectively since 2018 to increase grade and reduce the volume of mineralized material for processing at its Bayhorse silver mine flotation mill, thus reducing mill operating costs. The Steinert X-ray transmissive ore sorter has proved to be a very effective technology for reducing milling operating costs by reducing waste rock from the mineralized processing stream.

Bayhorse has determined it is in its best interests to utilize its currently idle ore sorter in this manner to generate revenue to the company to offset operating costs while the Bayhorse silver mine production is temporarily halted during the continuing operating permit application. Bayhorse is investigating establishing the ore sorter for use as a mobile unit as there are prospective mines within 150 miles of its processing facility in Payette, Idaho, that could utilize such a facility and create additional feed sources for it.

The company may use a portion of the funds received for the rental to drill its readily accessible and fully permitted Brandywine high-grade gold/silver property, located 14 kilometres south of Whistler, B.C., Canada.

In 2021, the company conducted a quality assurance/quality control program on the 2010 Brandywine drill core that had been kept in secure storage at Brandywine. Assays on the core, which included metallic screen assays due to the presence of visible gold in the core, returned 3.1 metres of 11.42 grams per tonne gold in hole BRW05 at a depth of between 25.5 metres and 29.6 metres, including one metre of 20.2 grams per tonne gold, and, in BRW06, 3.1 metres of 3.35 grams per tonne gold at a depth of between 32.6 metres and 35.7 metres, including one metre of 4.3 grams per tonne gold.

The company is in the process of completing a groundwater study at the Bayhorse silver mine as one of the last baseline study deficiencies required to complete the operating permit application for the Bayhorse silver mine in Oregon to Oregon's Department of Geological and Mineral Industries (DOGAMI).

All costs to mobilize the ore sorter to CCMI's Bull River mine and re-establish it at the Bayhorse mine on completion of the rental will be borne by CCMI.

This news release has been prepared on behalf of the Bayhorse Silver board of directors, which accepts full responsibility for its content. Mark Abrams, CPG, a qualified person and consultant to the company, has prepared, supervised the preparation of and approved the geotechnical content of this press release.

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 tonnes of mineralization per day and the ability to process and supply 3,600 tonnes per year of silver/copper/antimony concentrate ranging between 7,500 grams per tonne and 15,000 grams per tonne using standard flotation processing at its milling facility in nearby Payette county, Idaho, United States, 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.