Bayhorse Announces 2 Million Unit Private Placement, Closes 1 Million Units

July 5, 2013 – BHS2015-23

Bayhorse Silver Inc. (the “Company” or “Bayhorse“) announces that, subject to TSX Venture Exchange (TSX-V) approval, it is conducting a non-brokered private placement of up to 2,000,000 Units at $0.06 per Unit for gross proceeds of $120,000 and has closed 1million units.

Each Unit consists of one (1) common share and one (1) transferable common share purchase warrant, with each warrant exercisable into one (1) common share of the Company at an exercise price of $0.10, exercisable for a period of 24 months from the date of issuance.

The funds raised will be used for the Bayhorse Silver mine & general and administration purposes

In addition to any other exemption available to the Company, participation in the financing is also open to existing shareholders who are not accredited investors under the “existing shareholder” exemption of National Instrument 45-106 as promulgated in Multilateral CSA notice 45-313 in participating jurisdictions. Finder fees may be payable on a portion of the financing according to the policies of the TSX-V
Mr. Graeme O’Neill, a director and officer of the Company has subscribed for 800,000 Units of the placement and upon completion of the placement will hold 3,445,600 shares of the Company representing 12.34% of the Company’s issued and outstanding shares. The price of the Units was determined in accordance with the policies of the TSX Venture Exchange. The acquisition of units under the private placement was exempt from a formal valuation and minority approval requirements of Multilateral Instrument 61-101 pursuant to sections 5.5(a) and 5.7(a) of that instrument

All securities issued under the private placement are subject to a four-month and one day hold period from issuance.