MR. GRAEME O'NEILL REPORTS

BAYHORSE SILVER UNDERGROUND DRILLING PROGRESS AT THE BAYHORSE SILVER MINE

Bayhorse Silver Inc. has provided an update on the progress of the underground diamond drilling under way beneath the company's silver-copper-antimony-rich Bayhorse silver mine in Oregon, United States.

As drilling progressed beneath the silver-copper-antimony Bayhorse mine deposit, at 112 metres (370 feet) down hole, it entered a strongly brecciated zone that continues to the current depth of 148 m (488 feet). Drilling continues.

The company's senior consulting geologists have suggested the zone is a highly silicified hydrothermal polymictic breccia. It contains multiple rounded, "milled" clasts that probably resulted from high-pressure fluids derived from a buried pluton streaming up through the breccia.

Rock types that make up the bulk of the breccia include: rhyolite, andesite, quartzite, meta sedimentary rocks and granite.

An XRF (X-ray fluorescence) field analysis shows elevated levels of copper, zinc and lead. The reader is cautioned that the XRF field analysis needs to be confirmed by a formal laboratory 35-element assay. The core is in the process of being split and logged prior to submission for laboratory analysis.

The Bayhorse exploration model holds that the silver-copper-antimony-rich mineralization at the Bayhorse silver mine could have its source in underlying shallow granites that may host porphyry copper mineralization.

Bayhorse chief executive officer Graeme O'Neill commented: "The drilling entering into a highly siliceous brecciated zone, and the presence of elevated levels of copper, is very encouraging. Drilling is ongoing, and further updates will be forthcoming."

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 historical Bayhorse silver mine, located in Oregon, United States, 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 with 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 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 team and technical team with extensive mining expertise in both exploration and building mines.