Mr. Graeme O'Neill reports

BAYHORSE NOT TO PROCEED WITH EARN-IN OPTION FROM HARRISON GOLD PROJECT

After extensive due diligence and the inability to reach agreement on the terms of the post earn-in management of the contemplated joint venture upon earn-in, Bayhorse Silver Inc. has decided, in the best interests of the company and its shareholders, to not continue with the earn-in with Bear Mountain Gold Mines Ltd. on the Harrison gold project, Harrison, B.C., Canada.

The company continues with processing silver concentrate at its Bayhorse silver mine mill and flotation facility in nearby Idaho, with upgrades under way to increase the daily throughput of concentrate, on a 24-hour cycle, to 10 tonnes per day.

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, an option to acquire an 80-per-cent interest on the Brandywine, precious-metal-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.