VANCOUVER, B.C. – BAROYECA GOLD & SILVER INC. (the “Company”) has completed its initial public offering and effective at the opening of the market on December 15, 2010 (the “Listing Date”) will commence trading on Tier 2 of the TSX Venture Exchange under the symbol BGS. The Company issued 20 million units (a “Unit”) of its securities at a price of $0.15 per Unit for gross proceeds of $3,000,000. Each Unit consists of one common share in the capital of the Company and one nontransferable share purchase warrant (a “Warrant”), with each Warrant exercisable for a period of 24 months into an additional common share at a price of $0.20 per share for the first 12 months from the Listing Date and at a price of $0.30 per share thereafter.

Haywood Securities Inc. acted as agent for the offering and received a cash commission equal to 8% of the proceeds of the offering, warrants to purchase up to 2,000,000 Units (the “Agent’s Units”) at a price of $0.15 per Agent’s Unit and a Corporate Finance Fee of $15,000 in cash. Each Agent’s Unit has the same composition as the Units of the Offering and the same terms and conditions.

The Company will focus on exploration and development of precious and base metal properties in Mexico. The Company’s principal property, the Baroyeca 4 Property, comprising 7,697 hectares located in the Municipality of Quiriego, Sonora State, Mexico, will be the subject of a $700,000 Phase I exploration program during 2010/2011 to be followed by a Phase II drilling program of $500,000 based on the results of the Phase I program. The Company also holds by option an interest in four concessions (the “Option Property”): the Baroyeca, the Baroyeca Dos, the Baroyeca Dos Frac I and the Baroyeca Dos Frac II comprising in total 688 hectares which will be the subject of a $300,000 program consisting primarily of drilling. The Company is required to spend in the order of $136,000 on or before February 4, 2011 to maintain its interest in the Option Property.

For details on the Company and its properties, see the prospectus of the Company dated September 27, 2010 available on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD
“Richard Wilson”
Richard Wilson, Director

Mexico ’10

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