Vancouver - BAROYECA GOLD & SILVER INC. (TSXV: BGS) (the 'Company') is pleased to announce further assay results from its phase 1 drilling program at its flagship Atocha high-grade silver project in Tolima, Colombia.

The Company issued the results of its first seven holes from the program in its news releases dated November 16, 2021 and January 5, 2022, some of the results of which are repeated below for continuity purposes. The focus of this release is the results from holes eight through thirteen. The Company has completed phase 1 drilling at La Ye and is now moving to a new target, Veta Grande.

Baroyeca has drilled thirteen holes at the La Ye target for a total of approximately 1,700m as part of an ongoing drill program which has to date covered approximately 300m of strike length of the vein corridor from its north-easternmost end, where the vein system ends abruptly against a fault zone just outside the property boundary and remains open to the southwest and at depth. Drilling was intended to test only the shallowest part of the vein corridor with approximately 25 meters step outs to identify and delineate a high-grade silver and gold mineralized zone or shoot near surface at La Ye. This will be followed-up at depth in future delineation drilling campaigns once the Company identifies and prioritizes other high-grade mineralized zones in different vein sets throughout the property.

About Baroyeca Gold & Silver Inc.

Baroyeca Gold & Silver Inc. is a mineral exploration company focused on high-grade silver and gold projects located in Colombia. Baroyeca's flagship asset is the high-grade Atocha Silver-Gold Project located in Tolima Department, Colombia. The Company also holds an option to acquire a 100% interest in the Santa Barbara Property, Bolivar Department, Colombia, which is renowned for its high-grade gold mineralization and vein density. Current exploration activities on the Santa Barbara Property involve the bulk sampling of vein structures, which material then feeds into a trial production facility which has consistently been producing gold for over a year. The revenue from the sale of produced gold defrays part of the operating costs. The Company is planning to expand these activities.

The Company's Board and senior management are committed to creating shareholder value through the discovery process, careful allocation of capital, and environmentally and socially responsible mineral exploration.

Contact:

Rick Wilson

Tel: (604) 351-3599

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