Mr. Graeme O'Neill reports

BAYHORSE SILVER UNDERGROUND DRILLING OPERATIONS TO RECOMMENCE AFTER WILDFIRE CONTAINED

The drilling program that was suspended on the afternoon of Friday, July 24, due to a wildfire at Fox Creek, seven miles north of Bayhorse Silver Inc.'s Bayhorse mine, will recommence now that the wildfire in the Bayhorse mine area has been extinguished.

Late Monday, July 27, the access restrictions were lifted and Bayhorse's chief executive officer, Graeme O'Neill, was able to personally inspect the access road and the mine facilities for possible fire damage.

U.S. Mine Safety & Health (MSHA) regulation requires a minimum 100 feet (ft) around the mine portal clear of any flammable structures or stored material. While this wildfire was fed by strong winds and burned vegetation in close proximity to the ore-sorter shelter, its non-flammable cover protected its contents.

As the area is known for wildfires and the 50-mile-long canyon acts like a wind tunnel, the company prepared for the possibility of a wildfire by extending that minimum 100 ft clearance to 200 ft as wildfires often jump open spaces. The ore-sorter shelter's non-flammable cover prevented fire damage, and all the mine infrastructure and equipment were not damaged. All Bayhorse personnel evacuated when advised of the wildfire evacuation order. Drilling operations will recommence immediately.

Mr. O'Neill comments: "The wildfire started seven miles (11 kilometres) north of the Bayhorse mine on Thursday and, while it grew to 7,000 acres fairly quickly, the winds were to the north. On Saturday evening, winds shifted to the south, and by Sunday evening, the fire rapidly advanced the seven miles to overrun the mine and quickly advanced another 10 miles to threaten the town of Huntington."

He further comments: "We thank Baker County Sherrif's Office and Huntington, and other fire service crews who acted quickly, with more support drawn from other fires to assist in ensuring people and infrastructure in the populated areas were kept safe and the fire was contained."

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 Silver is an exploration and production company with a 100-per-cent interest in the historic Bayhorse silver mine, located in Oregon, U.S., with a National Instrument 43-101 inferred resource of 292,300 tons at a grade of 21.65 ounces per ton (opt) (673 grams per tonne (gpt)) for 6.3 million ounces of silver (Turner et al., 2018), and the Pegasus project, in Washington county, Idaho. The Bayhorse silver mine and the Pegasus porphyry copper 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, 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.

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