Bayhorse Amends Warrant Terms Of Private Placement

May 28, 2019                                                                               BHS2019-16

BAYHORSE AMENDS WARRANT TERMS OF PREVIOUSLY ANNOUNCED FLOW-THROUGH PRIVATE PLACEMENT

Bayhorse Silver Inc. BHS: TSX-V (the “Company” or “Bayhorse“)  announces that, subject to the approval of the TSX Venture Exchange, it has amended the terms of the warrants to be issued with its previously announced  non-brokered private placement to consist of 2,500,000 flow-through units at a price of $0.10 per unit for gross proceeds of $250,000 (the “Flow-Through Units”) and 3,500,000 non-flow units at a price of $0.075 per unit for gross proceeds of $262,500 (the “Non-Flow Through Units”), to raise an aggregate of $512,500 (collectively, the “Private Placement”). 

Each Flow-Through Unit will now consist of one flow-through common share and one transferable common share purchase warrant exercisable into one non-flow through common share of the Company at an exercise price of $0.125 cents for a period of thirty six months from the date of issuance and has eliminated the acceleration clause.

Each Non-Flow Through Unit will consist of one common share and one transferable common share purchase warrant exercisable into one common share of the Company at an exercise price of $0.125 cents for a period of thirty six months from the date of issuance and has eliminated the acceleration clause.

In addition to any other exemption available to the Company, participation in the 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 of the financing are to fund the upcoming exploration program on the Company’s newly acquired Brandywine gold/silver project, the Bayhorse Silver Mine, and for general and administrative costs.

The terms of the Private Placement are subject to the approval of the TSX Venture Exchange.

On Behalf of the Board.

Graeme O’Neill, CEO

604-684-3394

Bayhorse Silver Inc., a junior exploration company, has earned 100% interest in the historic Bayhorse Silver Mine Oregon, USA. and has optioned the Brandywine, precious metals rich, volcanogenic massive sulphide property located in BC, Canada. The Company has an experienced management and technical team with extensive exploration and mining expertise.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this