Bayhorse Silver Inc. — Proxy Solicitation & Information Statement 2025

Jul 9, 2025

Suite 1210 - 1130 West Pender Street

Vancouver, BC, V6E 4A4 Canada

T (604) 681-9100

F (604) 681-9101

info@redcanyonresources.com

REDCANYON

RESOURCES

NOTICE OF 2025 ANNUAL GENERAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the annual general meeting (the “Meeting”) of the shareholders of RED CANYON RESOURCES LTD. (the “Company”) will be held on July 29, 2025 at 10:00 a.m. (Pacific Time), at Suite 1210 - 1130 West Pender Street, Vancouver, British Columbia, for the following purposes:

1. To receive and consider the report of the directors, the audited Annual Financial Statements of the Company for the financial years ended December 31, 2024, the report of the auditor thereon and the related Management’s Discussion and Analysis;
2. To fix the number of directors at five (5);
3. To elect directors of the Company for the ensuing year;
4. To appoint Baker Tilly WM LLP, Chartered Professional Accountants, as auditor of the Company for the ensuing year; and
5. To transact such other business as may properly come before the Meeting or at any adjournment thereof.

An Information Circular accompanies this Notice, which contains details of matters to be considered at the Meeting. Copies of the Company’s Audited Annual Financial Statements for the financial year ended December 31, 2024, the report of the auditor thereon, and the related Management’s Discussion and Analysis are available under the Company’s SEDAR+ profile at www.sedarplus.ca.

The Board of Directors (the “Board”) encourages all shareholders to vote their shares by proxy and not attend in person. Shareholders should complete, date and sign the enclosed form of proxy, or another suitable form of proxy, and deliver it by hand, by mail or by fax to Endeavor Trust Corporation in accordance with the instructions set out in the form of proxy and in the Information Circular accompanying this Notice by 10:00 a.m. (Vancouver, British Columbia time) on Friday, July 25, 2025 (or before 48 hours, excluding Saturdays, Sundays and holidays before any adjournment of the meeting at which the proxy is to be used) to ensure that their shares will be voted at the Meeting by proxy. Only shareholders of record at the close of business on June 23, 2025 will be entitled to vote at the Meeting.

Unregistered (“beneficial”) shareholders must follow the instructions set out in the form of proxy or voting instruction form and in the Information Circular to ensure that their shares will be voted at the Meeting. If you hold your shares in a brokerage account you are an unregistered (“beneficial”) shareholder.

Shareholders who wish to access the Meeting by videoconference can do so by emailing the Company at info@redcanyonresources.com and we will provide you with the url link.

DATED at Vancouver, British Columbia this 23rd day of June, 2025.

BY ORDER OF THE BOARD

“Wendell Zerb”

Wendell Zerb

Chairman and Chief Executive Officer