Bayhorse Silver Inc. · TSXV:BHS
Bayhorse Silver — Investor Presentation (October 2026)
19 slides from Bayhorse Silver's investor presentation, October 2026
Slide 1: Q4 2026 Corporate Presentation
Q4 2026 CORPORATE PRESENTATION TSX.V: BHS | OTCQB: BHSIF | FRA: 7KXN 01
Slide 2: Cautionary Note
LEGAL / FORWARD-LOOKING INFORMATION CAUTIONARY NOTE 01 02 03 The Company advises that the following presentation The Company is not basing any decision to produce All statements herein, other than statements of historical fact, includes forward looking statements and contains silver and other metals
Slide 3: Bayhorse Complex: Two Projects, One Focused Growth Strategy
INVESTMENT OVERVIEW BAYHORSE COMPLEX TWO PROJECTS. ONE FOCUSED GROWTH STRATEGY. Hercules Porphyry Copper Discovery. 40km BAYHORSE MINE Past-producing silver mine 100% interest in Oregon, USA 6.33 MOZ 21.65 OPT contained silver in a 293,000 ton silver grade at a 7.5 oz/t cutoff inferred resource PEGA
Slide 4: Proximity to Significant Copper/Silver Projects
TECHNICAL MAP / PROXIMITY PROXIMITY TO SIGNIFICANT Hercules Copper/Silver COPPER/SILVER PROJECTS Open Pit Copper/Silver The 5 square mile area comprising Mineral Copper/Silver the Bayhorse and Pegasus properties contains a complex of geological structures formed during multiple Bayhorse phases of te
Slide 5: Bayhorse Today
OPERATIONS / CURRENT POSITION BAYHORSE TODAY 75% 99.9% reduction in mined material sent from the of antimony and gold successfully leached mine to the mill, significantly reducing from float concentrate mining and milling costs • Leaching antimony increases recoveries of silver, copper, zinc and lea
Slide 6: High-Grade Silver and Critical Minerals
GRADE PROFILE / ORE SORTING HIGH-GRADE SILVER AND CRITICAL MINERALS 8,346 G/T highest silver grade reported (Herdrick, 1981) Ore sorting reduces mined volume for processing by 75%+ 150,000 G/T highest silver grade reported (Ray, 2014) Float concentrate averages: silver 10,000 g/t, antimony 10%, copp
Slide 7: Rhyolite Targets to Increase Resource
FIELD OPERATING / TARGETS RHYOLITE TARGETS TO INCREASE RESOURCE Significant Rhyolite target 70 m north and 21 m below NI-43-101 293,000 ton inferred resource of 6.3 M oz at 21.65 opt. TSX.V:BHS | OTCQB:BHSIF | FRA:7KXN 10
Slide 8: Bayhorse Mine
FIELD OPERATING / TARGETS BAYHORSE MINE MW-2 RHYOLITE THRUST CR-3 OFFSET TARGETS TO INCREASE CR-1 RESOURCE CR-2 TSX.V:BHS | OTCQB:BHSIF | FRA:7KXN 14
Slide 9: Ongoing Drill Program
RESOURCE EXPANSION / INITIAL PROGRAM ONGOING DRILL PROGRAM 2,000 M Five IP targets are included in the initial underground and surface drill CR-1 The upper portion coincides with the NI 43-101 resource area. Low-resistivity features extend about 300 m program. vertically above and below the current
Slide 10: Pegasus Porphyry Copper Prospect
MANAGEMENT / LEADERSHIP PEGASUS PORPHYRY COPPER PROSPECT PORPHYRY COPPER IP SIGNATURE TSX.V:BHS | OTCQB:BHSIF | FRA:7KXN 12
Slide 11: Blue Sky Potential
PEGASUS PROJECT / GROWTH CASE BLUE SKY POTENTIAL 13–18 MOZ 12+ YEARS US$30/OZ HERCULES METALS target range if inferred silver ounces increase two to three times potential Bayhorse Mine life current projected mine cost, subject to inflation 40 km North The nearby porphyry copper discovery supports th
Slide 12: NI 43-101 Inferred Resource
RESOURCE ESTIMATE / 2018 NI 43-101 INFERRED RESOURCE Ag cutoff (opt) Tonnage (short tons) Ag grade (opt) Ag grade (ppm) Contained Ag (troy oz) 0 312,800 20.51 703.3 6,417,300 2.5 305,800 20.94 718.1 6,404,100 5 301,700 21.18 726.0 6,388,900 7.5 292,300 21.65 742.4 6,328,400 10 275,500 22.43 769.0 6,
Slide 13: De-Risking the Bayhorse Mine
2026–2027 WORK PROGRAM DE-RISKING THE BAYHORSE MINE RESOURCE Execute the initial 2,000 m drill program Run a second approximately 2,000 m Deliver an updated NI 43-101 resource across identified IP targets program west of the existing workings intended to improve and expand the current estimate METAL
Slide 14: Looking Forward
PROJECT CATALYSTS / 2027–2028 LOOKING FORWARD Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 RESOURCE Initial 2000m D rill Program Updated NI 43-101 resource UG drill program Surface drill program subject to permits estimate DEVELOPMENT Second approximately 2,000 m drill program testing the 25 tonne bulk s
Slide 15: Company Overview
CAPITAL MARKETS OVERVIEW COMPANY OVERVIEW Bayhorse Silver Inc. MANAGEMENT OWNERSHIP TSX Venture (Primary) BHS OTCQB Frankfurt BHSIF 7KXN 5.3% Share Price $0.055 Figures produced from Q4 2026. Shares Outstanding (basic) 417.6 million Warrants Issued (weighted average strike $0.10) 165.9 million Optio
Slide 16: Leadership
MANAGEMENT / LEADERSHIP LEADERSHIP GRAEME O’NEILL RICK LOW CHRISTOS DOULIS CEO CPA, CA, B.COMM / CFO PRESIDENT • Founder of the company and CEO since • More than 20 years of progressive management • Former investment banker and mining research inception experience, including over 10 years in senior
Slide 17: Directors
MANAGEMENT / DIRECTORS DIRECTORS JAMES WALKER MARK ABRAMS COREY KLASSEN MSC, CENG / DIRECTOR AIPG / DIRECTOR DIRECTOR • More than 13 years in mechanical engineering, • Exploration manager with senior and junior • Financial experience with junior resource construction, manufacturing, infrastructure,
Slide 18: Consultants
TECHNICAL TEAM / CONSULTANTS CONSULTANTS MARK ABRAMS, AIPG MSc Geology, 1980. Licensed in California, Idaho, Oregon and Alaska. Certified by the American Institute of Professional Geologists, with experience across the Americas, EXPLORA TION CONSULTAN T China and Indonesia. DR. G. E. RAY P.Geo., CA,
Slide 19: Contact
CONTACT Graeme O’Neill CEO [email protected] Toll free: 1-866-399-6539 Christos Doulis President [email protected] HEAD OFFICE 4628 Rumble Street Burnaby, British Columbia Canada, V5J 2A7 TSX.V:BHS | OTCQB:BHSIF | FRA:7KXN TEL 1 (604) 684-3394 TORONTO 647-924-1083 FAX 1-888-684-0586 EMAIL WE
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