File: '\\swfile\EmailIn\20250618 060534 Attachment BHS2025-13.docx'

June 18, 2025 BHS2025-13

Bayhorse Silver Closes Private Placement

Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the "Company" or "Bayhorse") announces that it has closed the final tranche of its non-brokered private placement that was announced on May 5, 2025, of 7,612,500 units for gross proceeds of $ $304,500.

Each Unit will consist of one common share, and one transferable common share purchase warrant. Each warrant will be exercisable into one common share of the Company at a price of C$0.06 cents per common share for a period of 24 months from the date of issuance.

The funds received are to conduct the diamond drilling program on the recently identified IP low-resistivity targets at the Bayhorse Silver Mine (25%), an IP survey to further define drill targets on the Pegasus Project to test for the presence of a porphyry copper deposit (30%), to advance the final Bayhorse Mine permitting (25%), and for general and administrative expenses (20%).

Subject to the approval of the TSX Venture Exchange, the Company will pay cash finder's fees of $15,428 and issue 385,700 finder's warrants, which are exercisable into one common share of the Company at a price of $0.06 cents per common share for a period of 24 months from the date of issuance.

Securities issued under this private placement are subject to a hold period expiring on October 19, 2025.

Bayhorse Silver CFO, Rick Low, has subscribed for 750,000 units of the private placement. This participation by Bayhorse's CFO constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units acquired by the insider, nor the consideration for the units paid by such insider, exceed 25% of the Company's market capitalization.

This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content.

On Behalf of the Board.

Graeme O'Neill, CEO

866-399-6539

About Bayhorse Silver Inc.

Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic Bayhorse Silver Mine located in Oregon, USA and the Pegasus Project, in Washington County, Idaho. The Bayhorse Silver Mine and the Pegasus Project are 44 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%. 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 g/t using standard flotation processing at its milling facility in nearby Payette County, Idaho, USA, with an offtake agreement in place with Ocean Partners UK Limited. The Company also has an option to acquire an 80% interest in the Brandywine high grade silver/gold property located in B.C. Canada. The Company has an experienced management and technical team with extensive mining expertise in both exploration and building mines.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.