Bayhorse Increases Previously Announced Flow Through Private Placement

June 17, 2019                                                                                           BHS2019-18

BAYHORSE INCREASES 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 increased its previously announced  non-brokered private placement to consist of 3,00,000 flow-through units at a price of $0.10 per unit for gross proceeds of $300,000 (the “Flow-Through Units”) and 4,000,000 non-flow units at a price of $0.075 per unit for gross proceeds of $300,000 (the “Non-Flow Through Units”), to raise an aggregate of $600,000 (collectively, the “Private Placement”). 

Each Flow-Through Unit consists 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.

Each 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 $0.125 cents for a period of thirty six months from the date of issuance.

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 Company has granted 500,000 incentive stock options to Officers, Directors, and Consultants to the Company, exercisable at C$0.10 cents that fully vest on the date of grant and have a term of five years.

On Behalf of the Board.