Cypress Hills Resource Corp.
TSX VENTURE : CHS

Cypress Hills Resource Corp.

October 31, 2005 10:08 ET

Cypress Hills Announces Spudding of Cypress Hills 604-1 in Maverick County, Texas

CALGARY, ALBERTA--(CCNMatthews - Oct. 31, 2005) - CYPRESS HILLS RESOURCE CORP. (TSX VENTURE:CHS) ("Cypress Hills") announces that Cypress Hills (USA) Resources Corp., its wholly owned subsidiary and it's partner Blue Star Oil & Gas of Dallas Texas, have secured the use of a Patterson UTI drilling rig for the initial test well on its Maverick Basin Project. The Cypress Hills 604-1 test well is operated by Cypress Hills and was spudded on October 30, 2005 and will take approximately 30 days to drill, complete and test.

This is the first horizontal well of the program to be drilled on Cypress Hills Resource's 10,000 acre block of the 190,000 acre Chittim Ranch Lease in Maverick, Dimmit and Zaval Counties Texas. The well has potential targets in the Austin Chalk, Buda and Georgetown formations.

Cypress Hill Resources has a license to more than 400 sq miles of proprietary 3D seismic coverage obtained as part of the Exploration Agreement with Bluestar Oil & Gas Ltd. previously announced in our June 30th, 2005 press release.

Additional information on Cypress Hills and its projects can be found at www.sedar.com.

TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cypress Hills Resources Corp.
    Ted J. Fostey
    President
    (403) 691-7736
    (403) 264-7478 (FAX)
    Email: tfostey@AOL.com
    or
    Cypress Hills Resources Corp.
    #1800, 407 - 2nd Street S.W.
    Calgary, Alberta, T2P 2Y3