Bayhorse Silver Closes Private Placement

June 18, 2025                                                                                                  BHS2025-13

Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the “Company” or “Bayhorse”) announces that it has closed the final tranche of its non-brokered private placement that was announced on May 5, 2025, of 7,612,500 units for gross proceeds of $ $304,500.

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 C$0.06 cents per common share for a period of 24 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 (25%), an IP survey to further define drill targets on the Pegasus Project to test for the presence of a porphyry copper deposit (30%), to advance the final Bayhorse Mine permitting (25%), and for general and administrative expenses (20%).

Subject to the approval of the TSX Venture Exchange, the Company will pay cash finder’s fees of $15,428 and issue 385,700 finder’s warrants, which are exercisable into one common share of the Company at a price of $0.06 cents per common share for a period of 24 months from the date of issuance.

Securities issued under this private placement are subject to a hold period expiring on October 19, 2025.

Bayhorse Silver CFO, Rick Low, has subscribed for 750,000 units of the private placement. This participation by Bayhorse’s CFO constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units acquired by the insider, nor the consideration for the units paid by such insider, exceed 25% of the Company’s market capitalization.

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