Mr. Graeme O'Neill reports

BAYHORSE SILVER INC. CORRECTS PREVIOUSLY ANNOUNCED WARRANT EXTENSIONS

Subject to the approval of the TSX Venture Exchange, Bayhorse Silver Inc. is correcting its Dec. 3, 2025, news release with respect to the exercise price of the 3.5 million warrants from 10 cents to 15 cents. The company announces that, 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).

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, United States, with a National Instrument 43-101 inferred resource of 292,300 tons at a grade of 21.65 ounces per ton (673 grams per tonne) for 6.3 million ounces of silver (Turner et al. 2018), and the Pegasus project, a highly prospective porphyry copper prospect, 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 is a minimum environmental impact facility capable of processing at a mining rate of up to 200 tons per day that includes a state-of-the-art 40-ton-per-hour Steinert ore sorter that reduces waste rock entering the processing stream by up to 85 per cent. The company has established an up-to-60-ton-per-day mill and standard flotation processing facility in nearby Payette county, Idaho, United States, with an offtake agreement in place with Ocean Partners U.K. Ltd. The company has an experienced management and technical team with extensive mining expertise in both exploration and building mines.