Bayhorse Silver Inc. (the “Company” or “Bayhorse“) announces that, subject to TSX Venture Exchange (TSX-V) approval, it is conducting a non-brokered private placement of up to 2,000,000 Units at $0.05 per Unit for gross proceeds of $100,000.

Each Unit consists of one (1) common share and one (1) transferable common share purchase warrant, with each warrant exercisable into one (1) common share of the Company at an exercise price of $0.10, exercisable for a period of 24 months from the date of issuance.

The funds raised will be used for the Little Swan oil project, and general and administrative costs.

In addition to any other exemption available to the Company, participation in the financing is also open to existing shareholders who are not accredited investors under the “existing shareholder” exemption of National Instrument 45-106 as promulgated in Multilateral CSA notice 45-313 in participating jurisdictions. Finder fees may be payable on a portion of the financing according to the policies of the TSX-V
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