Brian E. Bayley

July 07, 2011 18:33 ET

Brian Bayley: Early Warning Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2011) - Brian E. Bayley ("Bayley") has acquired ownership of a total of 175,000 common shares (the "Shares") of Sypher Resources Ltd. ("Sypher") (CNSX:SYP) through the facilities of the CNSX on July 6, 2011.

After giving effect to the purchase of the Shares, Bayley has beneficial ownership, direction or control over an aggregate of 1,325,000 common shares of Sypher, representing approximately 18.93% of the current issued and outstanding shares of Sypher.

Bayley acquired the Shares for investment purposes and may, in the future, acquire ownership of, or control or direction over, additional securities of Sypher, 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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