Mr. Graeme O'Neill reports

BAYHORSE POSTPONES FILING OF ANNUAL FINANCIAL STATEMENTS AND MD&A DUE TO COVID-19 RELATED DELAYS

Due to logistics and delays caused by the COVID-19 pandemic, Bayhorse Silver Inc. has postponed filing its annual financial statements and management's discussion and analysis for the year ended Dec. 31, 2019.

Bayhorse is relying on exemptive relief recently granted by Canadian securities regulatory authorities that allows it to delay the filing of its annual documents required by National Instrument 51-102 by April 29, 2020. In response to the coronavirus disease 2019 pandemic, securities regulatory authorities in Canada have granted a blanket exemption allowing issuers an additional 45 days to complete their regulatory filings.

Bayhorse estimates that its 2019 annual documents will be available for filing at its earliest opportunity, which is expected to occur on or before June 13, 2020. Until such time as the 2019 annual documents are filed, Bayhorse's management and other insiders are subject to a trading blackout that reflects the principles contained in Section 9 of National Policy 11-207 (Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions).

There have been no material business developments since the date of the last interim financial statements, filed on Nov. 28, 2019; however, the company has issued news releases subsequent to Nov. 28, 2019, copies of which are available on SEDAR.

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, United States, and an option on the Brandywine precious metals-rich, volcanogenic massive sulphide property located in British Columbia, Canada. The company has an experienced management and technical team with extensive mining expertise surrounding exploration and building mines.