Bayhorse Silver Inc, (BHS: TSX-V, BHSIF: OTCQB, 7KXN: FRANKFURT) (the 'Company' or 'Bayhorse') announces that it has agreed to settle outstanding indebtedness owing indirectly to Graeme O'Neill, CEO and a director of the Company, in the sum of C$30,000 by the issuance of an aggregate of 2,000,000 common shares in the capital stock of the Company at a price of $0.015 per share, which transaction is subject to the approval of the TSX Venture Exchange.

Mr. O'Neill currently directly and indirectly holds 8,571,075 common shares of the Company and following closing of the shares for debt settlement will have ownership and control of 10,571,075 common shares representing 4.75% of the issued and outstanding shares of the Company.

Contact:

Tel: +1 (604) 684-3394

Fax: 1-888-684-0586

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