Bayhorse Silver Announces A 15 Million Unit Non-Brokered Private Placement For The Recently Announced Drill Program at the Bayhorse Silver Mine, Oregon, And IP Survey On Its Adjacent Pegasus Project, Idaho, USA.

April 18, 2025.                                                                                                BHS25-07

Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company” or “Bayhorse”) announces, subject to the approval of the TSX Venture Exchange, a fifteen-million-unit non-brokered private placement at five cents per unit for gross proceeds of $750,000.

Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will be exercisable into one common share of the Company at a price of nine cents per common share for a period of 36 months from the date of issuance.

The funds received are to conduct the diamond drilling program on the recently identified IP low-resistivity targets at the Bayhorse Silver Mine, an IP survey to further define drill targets on the Pegasus Project for both Bayhorse style silver mineralization and test for the presence of a porphyry copper deposit, to advance the final Bayhorse Mine permitting, and for general and administrative expenses.

None of the private placement proceeds will be paid to non-arm’s-length parties or persons conducting investor relations activities. In addition to any other exemption available to the company, participation in the non-brokered financing is also open to all existing shareholders, even if not accredited investors, under the existing shareholder exemption of National Instrument 45-106 as promulgated in Multilateral CSA notice 45-313 in participating jurisdictions.

Finders’ fees may be payable on a portion of the financing not taken down by insiders according to the policies of the TSX Venture Exchange.

Securities issued under this placement will be subject to a four-month-plus-a-day hold period from the date of issuance.

This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content.

On Behalf of the Board.

Graeme O’Neill, CEO