Brian E. Bayley

October 21, 2010 12:54 ET

Brian Bayley: Early Warning Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2010) - Brian E. Bayley ("Bayley") has acquired ownership of a total of 600,000 common shares (the "Shares") and 600,000 common share purchase warrants (the "Warrants") of Cypress Hills Resource Corp. ("Cypress") (TSX-V: CHY) pursuant to a private purchase.

After giving effect to the purchase, Bayley has beneficial ownership, direction or control over an aggregate of 1,981,250 common shares of Cypress, representing approximately 17% of the current issued and outstanding shares of Cypress and 1,700,000 warrants that, if exercised, would result in Bayley holding approximately 27% on a partially diluted basis.

Bayley acquired the securities for investment purposes and may, in the future, acquire ownership of, or control or direction over, additional securities of Cypress, but has no present intention to do so.

A copy of the early warning report in respect of these acquisitions has been filed with the applicable securities commissions and can be found at

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