Brian E. Bayley

October 15, 2010 15:55 ET

Brian E. Bayley-Early Warning

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2010) - Brian E. Bayley ("Bayley") has acquired ownership of a total of 650,000 common shares (the "Shares") of Sypher Resources Ltd. ("Sypher") (CNSX: SYP) in connection with the initial public offering of Sypher.

After giving effect to the purchase of the Shares, Bayley has beneficial ownership, direction or control over an aggregate of 1,150,000 common shares of Sypher, representing approximately 16.43% 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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