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Bayhorse Silver Underground Drilling Operations to Recommence After Wildfire Contained

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Bayhorse Silver (OTCQB: BHSIF) reports that underground drilling at the Bayhorse Mine will recommence after a wildfire near Fox Creek, approximately 7 miles north of the mine, was contained and access restrictions were lifted late July 27, 2026.

According to Bayhorse Silver, CEO Graeme O'Neill inspected the access road and mine facilities and found no damage to infrastructure or equipment. The company had expanded the MSHA-required 100 ft non-flammable clearance around the mine portal to 200 ft, and the Ore-Sorter shelter’s non-flammable cover helped prevent fire damage. All personnel had been evacuated during the wildfire, and drilling operations are set to restart immediately.

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Positive

  • Underground drilling operations to recommence immediately after wildfire containment
  • No damage reported to mine infrastructure, equipment or Ore-Sorter contents
  • Fire safety buffer around portal expanded from 100 ft to 200 ft
  • All personnel successfully evacuated during wildfire event

Negative

  • Drilling program was suspended from July 24 due to nearby wildfire

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Vancouver, British Columbia--(Newsfile Corp. - July 28, 2026) - Bayhorse Silver Inc, (TSXV: BHS) (OTCQB: BHSIF) (FSE: 7KXN) (the "Company" or "Bayhorse") CEO, Graeme O'Neill, is pleased to report that the drilling program that was suspended on the afternoon of Friday July 24th due to a Wildfire at Fox Creek, 7 miles north of the Bayhorse Mine, will recommence now that the wildfire in the Bayhorse Mine area has been extinguished.

Late Monday the 27th, the access restrictions were lifted and Bayhorse CEO, Graeme O'Neill was able to personally inspect the access road and the Mine facilities for possible fire damage.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5015/306957_bayhorse_1_550.jpg

Figure 1. Burned hillside behind Ore Sorter shelter

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5015/306957_bayhorse_1.jpg

US Mine Safety & Health regulation (MSHA) requires a minimum 100 ft around the Mine portal clear of any flammable structures or stored material. While this wildfire was fed by strong winds and burned vegetation in close proximity to the Ore-Sorter shelter, its non flammable cover protected its contents.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5015/306957_bayhorse_2_550.jpg

Figure 2. Ore-Sorter shelter

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5015/306957_bayhorse_2.jpg

As the area is known for wildfires, and the 50 mile long canyon acts like a wind tunnel, the Company prepared for the possibility of a wildfire by extending that minimum 100 ft clearance to 200 ft as wildfires often jump open spaces. The Ore-Sorter shelter's non flammable cover prevented fire damage, and all the Mine infrastructure and equipment were not damaged. All Bayhorse personnel evacuated when advised of the wildfire evacuation order.. Drilling operations will recommence immediately.

Bayhorse CEO, Graeme O'Neill, comments "the wildfire started 7 miles (11 km) north of the Bayhorse Mine on Thursday, and while it grew to 7,000 acres fairly quickly, the winds were to the north. On Saturday evening winds shifted to the south and by Sunday evening the fire rapidly advanced the 7 miles to overrun the Mine and quickly advanced another 10 miles to threaten the town of Huntington."

He further comments "we thank Baker County Sherrif's Office and Huntington, and other Fire Service crews who acted quickly, with more support drawn from other fires to assist in ensuring people and infrastructure in the populated areas were kept safe and the fire was contained."

This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its content.

Graeme O'Neill, CEO
Toll Free: 866-399-6539, Office: 604-684-3394

About Bayhorse Silver Inc.

Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic Bayhorse Silver Mine located in Oregon, USA with a National Instrument 43-101 inferred resource of 292,300 tons at a grade of 21.65 opt (673 g/t) for 6.3 million ounces of silver. (Turner et al. 2018) and the Pegasus Project, in Washington County, Idaho. The Bayhorse Silver Mine and the Pegasus Porphyry Copper Project are 44 km southwest of Hercules Metals' porphyry copper discovery. The Bayhorse Mine is a minimum environmental impact facility capable of processing at a mining rate of up to 200 tons/day that includes a state of the art 40 ton per hour Steinert Ore-Sorter that reduces waste rock entering the processing stream by up to 85%. The Company has established an up to 60 ton/day mill and standard flotation processing facility in nearby Payette County, Idaho, USA with an offtake agreement in place with Ocean Partners UK Limited. The Company has an experienced management and technical team with extensive mining expertise in both exploration and building mines.

FORWARD-LOOKING STATEMENTS:

This news release includes certain statements that may be deemed "forward-looking statements". In particular, this press release contains forward-looking information relating to, among other things, the drilling program and wildfire impacts. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. In particular, these forward-looking statements are based on assumptions regarding: (i) stability in precious metals markets and silver prices; (ii) no further significant macroeconomic shocks or disruptions; (iii) continued market liquidity and investor access to capital; (iv) recovery of investor sentiment in the junior mining sector; and (v) timely receipt of required regulatory approvals. Factors that could cause the actual results to differ materially from those in forward-looking statements include: fluctuations in metal and commodity prices; continued availability of equity capital and financing; extreme market volatility and changes in investor sentiment; general economic, market, and business conditions; macroeconomic shocks and trade policy uncertainty; market liquidity constraints; timing and receipt of regulatory approvals (including from the TSX Venture Exchange); and risk that market recovery timing may differ materially from management expectations. Readers are cautioned not to place undue reliance on forward-looking statements. For a complete discussion of risk factors affecting the Company, please refer to the "Risks and Uncertainties" section of the Company's most recent Management's Discussion and Analysis available on SEDAR+ at www.sedarplus.ca. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306957

FAQ

What happened at Bayhorse Silver’s Bayhorse Mine during the July 2026 wildfire (BHSIF)?

A wildfire started about 7 miles north of the Bayhorse Mine and advanced over the site. According to Bayhorse Silver, access was restricted, personnel were evacuated, and drilling was suspended until the fire was contained and access reopened late July 27, 2026.

When will Bayhorse Silver (BHSIF) restart underground drilling after the Fox Creek wildfire?

Bayhorse Silver plans to recommence drilling operations immediately after access restrictions were lifted late July 27, 2026. According to Bayhorse Silver, the suspension began July 24 and ends now that the wildfire in the Bayhorse Mine area has been extinguished and facilities inspected.

Did the July 2026 wildfire damage Bayhorse Silver’s Bayhorse Mine infrastructure or equipment (BHSIF)?

Bayhorse Silver reports no damage to mine infrastructure or equipment from the wildfire. According to Bayhorse Silver, a 200 ft cleared safety zone and a non-flammable Ore-Sorter shelter cover helped protect facilities, and inspections after access reopened confirmed the assets remained intact.

How did Bayhorse Silver (BHSIF) manage worker safety during the July 2026 wildfire near the Bayhorse Mine?

Bayhorse Silver states that all personnel evacuated when advised of the wildfire evacuation order. According to Bayhorse Silver, access restrictions were imposed, operations were suspended, and only after the fire was contained did the CEO re-enter to inspect the site for damage.

What wildfire safety measures has Bayhorse Silver implemented at the Bayhorse Mine (BHSIF)?

Bayhorse Silver exceeded MSHA rules by increasing the required 100 ft non-flammable buffer around the mine portal to 200 ft. According to Bayhorse Silver, this extended clearance and the non-flammable Ore-Sorter shelter cover helped prevent fire damage during the July 2026 wildfire incident.

Where did the Fox Creek wildfire start in relation to Bayhorse Silver’s Bayhorse Mine (BHSIF)?

According to Bayhorse Silver, the wildfire started about 7 miles (11 km) north of the Bayhorse Mine near Fox Creek. It grew to roughly 7,000 acres, advanced over the mine, and then moved another 10 miles toward the town of Huntington before being contained.