T. (Ted) J. Fostey

September 02, 2005 15:42 ET

T. (Ted) J. Fostey: Early Warning Report

CALGARY, ALBERTA--(CCNMatthews - Sept. 2, 2005) - I have acquired ownership of 1,598,800 common shares (representing 7.4% of the outstanding shares) and warrants to purchase an additional 799,400 common shares of Cypress Hills Resource Corp. pursuant to the closing of a private placement.

I now have ownership of, and control and direction over, a total of 1,754,324 common shares (representing 8.1% of the Cypress Hill's outstanding common shares), warrants to purchase an additional 1,082,733 common shares and options to purchase an additional 550,000 common shares. If such warrants and options were exercised, I would have ownership of 14.1% of the outstanding shares of Cypress Hills.

I acquired the shares and warrants for investment purposes and have filed an Early Warning Report with the British Columbia and Alberta Securities Commissions in respect of the acquisition. Copies of the report may be obtained from SEDAR (www.sedar.com) or without charge from me.

Contact Information

  • T. (Ted) J. Fostey
    (403) 691-7736
    (403) 264-7478 (FAX)