Bayhorse Silver Inc. announced a a non-brokered private placement to issue 5,000,000 units at CAD 0.02 per unit for gross proceeds of CAD 100,000 on July 10, 2023. Each unit will consist of one common share and one transferrable common share purchase warrant, each warrant is exercisable into one common share of the Company at a price of CAD 0.05 per common share for a period of 15 months. Finder fees may be payable on a portion of the financing not taken down by insiders according to the policies of the TSX-V Exchange.

All the securities issued under this placement will be subject to a four month plus a day hold period from the date of issuance.