Mr. Graeme O'Neill reports

BAYHORSE SILVER EXTENDS WARRANTS AND GRANTS STOCK OPTIONS

Bayhorse Silver Inc. has extended warrant expiry dates and granted stock options.

Subject to the approval of the TSX Venture Exchange, the company has extended the expiry date of the following warrants (all other terms remain unchanged).

Existing expiry date of 3.5 million warrants:  Dec. 23, 2024

New expiry date of 3.5 million warrants:  Dec. 23, 2025

Exercise price of warrants:  15 cents

Existing expiry date of 10,787,500 warrants:  Dec. 20, 2024

New expiry date of 10,787,500 warrants:  Dec. 20, 2025

Exercise price of warrants:  10 cents

The company announces a grant of 1.15 million incentive stock options to employees, consultants and contractors. The options vest on the date of grant and are exercisable at six cents per share for five years from date of grant.

This news release has been prepared on behalf of the Bayhorse Silver board of directors, which accepts full responsibility for its content.

About Bayhorse Silver Inc.

Bayhorse is an exploration and production company with a 100-per-cent interest in the historic Bayhorse silver mine, located in Oregon, and the Pegasus project, located in Washington county, Idaho. The Bayhorse silver mine and the Pegasus project are 44 kilometres (km) southwest of Hercules Metals' porphyry copper discovery. The Bayhorse mine includes a 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 to 15,000 grams per tonne (g/t) using standard flotation processing at its milling facility in nearby Payette county, Idaho, 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.