The TSX Venture Exchange has accepted for filing documentation in connection with a letter agreement dated April 5, 2019, and amendment dated Dec. 11, 2019, between Bayhorse Silver Inc. and Turnagain Resources Inc. (Bill McKinny) whereby Bayhorse has been granted an option to acquire an 80-per-cent interest in the Brandywine project located near Squamish, B.C. Consideration is $50,000 payable over the first year and second year, 1.5 million common shares payable in tranches of 300,000 common shares each over a five-year period, and $3-million in exploration expenditures over a five-year period.

The project is subject to a 2-per-cent net smelter royalty which Bayhorse shall have the right to purchase at $250,000 per percentage point. In addition, the company has a buyout option whereby the company may purchase a 100-per-cent interest in the project in consideration of $750,000. Should the company exercise the buyout option, the requirement to pay out the considerations will immediately terminate.