Bayhorse Amends Private Placement

Posted on Dec 4, 2019 in News Release

December 2, 2019                                                                                BHS2019-34

Bayhorse Silver Inc. BHS: TSX-V (the “Company” or “Bayhorse”) announces that, subject to the approval of the TSX-V, it has amended its previously announced non-brokered private placement consisting of 4,000,000 flow-through units at $0.15 cents per unit, and 4 million non flow-through units at $0.125 cents per unit. The Company is amending the price of the flow-through units to $0.125 cents per unit. Each flow through and non-flow through unit consists of one common share and one transferable common share purchase warrant exercisable into one common share of the Company at an exercise price of $0.25 for a period of twenty-four months from the date of issuance.

In addition to any other exemption available to the Company, participation
in the non-brokered private placement 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.

Proceeds are to advance the Company’s Brandywine project, the Bayhorse Silver Mine and for general corporate purposes.

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

On
Behalf of the Board,

Graeme
O’Neill, CEO

company@bayhorsesilver.com

888 399 6539

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