Mr. Graeme O'Neill reports

BAYHORSE SILVER UNDERGROUND DRILLING UNDERWAY AT THE BAYHORSE SILVER MINE, CEO DISCUSSES BAYHORSE CONCENTRATE ANTIMONY CONTENT

Underground diamond drilling is under way beneath Bayhorse Silver Inc.'s silver/copper/antimony-rich Bayhorse silver mine in Oregon.

Diamond drilling is targeting the large low-resistivity anomaly that lies beneath the silver/copper/antimony-rich rhyolite at the Bayhorse silver mine. The 1.5-plus-kilometre (5,000 feet) anomaly appears to have a vertical extent of 500 metres (1,650 feet) from 600 metres (1,980 feet) above sea level to 100 metres (330 feet) above sea level and a width of up to 100 metres (330 feet).

The company anticipates good drilling ground for a large portion of the drill hole, estimating at least plus or minus 30 metres (100 feet) of drill core per shift, intersecting the top of the anomaly 150 metres (495 feet) downhole with a projected termination depth of 257 metres (850 feet) at the east side of the anomaly.

Antimony

In addition to its high silver/copper content, the Bayhorse mineralization, tetrahedrite, contains a significant amount of antimony, a critical mineral that is mostly imported into the United States. Prior testing has shown antimony to be between 10 per cent and 12 per cent of the Bayhorse concentrate. With the recent ban by China of exporting antimony into the U.S., which is a highly sought-after component of both explosives and flame retardants, prices are expected to increase for the near future.

The Bayhorse exploration model holds that the silver/copper/antimony-rich mineralized rhyolite at the Bayhorse silver mine could have its source in underlying shallow granites that may be conductive porphyry copper.

Bayhorse chief executive officer Graeme O'Neill comments: "The recent significant increase in the price of antimony to $16 (U.S.) per pound and predicted to go higher (mining.com.au) adds to the already significant silver and copper values in the Bayhorse mineralization, not taking into account what we may intercept between the Bayhorse mine and the anomaly. As the Bayhorse mineralization, tetrahedrite, is refractory in nature, and the Sunshine process, developed by the Sunshine mine, Kellogg, Idaho, separates the antimony and the sulphur without roasting, testing is planned on utilizing the Sunshine process on the Bayhorse concentrate to separate the antimony from the silver/copper in the concentrate for potential added value."

This news release has been prepared on behalf of the Bayhorse Silver board of directors, which accepts full responsibility for its content. Mark Abrams, AIPG, a qualified person, has prepared, supervised the preparation of, or approved the technical content of, this news 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, and the Pegasus project, in Washington county, Idaho. The Bayhorse silver mine and the Pegasus project are 44 kilometres 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 and 15,000 grams per tonne 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.