Bayhorse Silver Inc

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over 9 years ago

BHS: TSX-V

Dear Shareholders and Investors

Saturn Minerals Inc has reported that it has spudded in its first oil well on its 250 square mile Bannock Creek conventional light oil prospect in Saskatchewan's Williston Basin and drilling is currently underway with a 1,000 meter target depth.

We believe that a successful well will reflect positively on Bayhorse because of the farm-in with Saturn on the nearby 400 square mile Little Swan conventional light oil prospect.

Silver prices have made solid gains this past week, currently trading at US$17.40. Numerous analysts are commenting on JP Morgan apparently taking delivery of substantial amounts of silver from its market trading activities.

These silver price gains make the economics of the proposed bulk sample from the Company's Bayhorse Silver mine more attractive.

The Company's news releases and media reports can be viewed on the Company's website at http://www.bayhorsesilver.com/category/news-release/

Thanks for your continued support

Sincerely,

Alan Jones