BAYHORSE Silver Corrects News Release for Non-Brokered Private Placements.

November 26, 2020                                                                                                              BHS2020-27

Bayhorse Silver Inc. (BHS: TSX-V) (the “Company” or “Bayhorse”) corrects its news release issued earlier today,November 26, 2020 regarding its non-brokered private placements. The following is the correct version of the news release.

The Company announces the closing of its non flow through and flow-through non-brokered private placements announced on October 5, 2020. The Company raised gross proceeds of $182,000 from issuing 1,213,333 flow-through Units at $0.15 cents per Unit. Each non flow-through Unit consists of one common share and one transferable common share purchase warrant, with each warrant exercisable into one common share of the Company at $0.20 per common share two years from the date of issuance. The securities issued are subject to a hold period of four months and a day from date of issuance.

The Company announces, subject to TSX-V approval, a flow-through and non flow-through private placement. The flow-through private placement Units will consist of 7,800,000 Units, at $0.125 cents per Unit for gross proceeds of $975,000. Each Unit will consist of one common share and one transferable common share purchase warrant, with each warrant exercisable into one common share of the Company at $0.20 per common share two years from the date of issuance.

The non flow-through private placement Units will consist of 6,000,000 Units at $0.125 for gross proceeds of $750,000. Each non flow-through Unit will consist of one common share and one transferable common share purchase warrant, with each warrant exercisable into one common share of the Company at $0.20 per common share two years from the date of issuance.

The flow-through private placement is to fund the Harrison exploration and earn in program and the non flow-through private placement for working capital and general corporate purposes and the Bayhorse Mine.

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