Cypress Hills Resource Corp. Announces Closing Of Private Placement

(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Cypress Hills Resource Corp. (TSXV: CHY.H) (the " Company ") closed its previously announced non-brokered private placement of 5,000,000 common shares in the capital of the Company (" Common Shares "), at a purchase price of $0.05 each for gross proceeds of $250,000 (the " Private Placement "). The proceeds of the Private Placement will be used for general corporate and working capital purposes.

In connection with closing of the Private Placement, 800,000 Common Shares were issued to an Insider of the Corporation (as such term is defined under the policies of the TSX Venture Exchange). The participation of the Insider in the Private Placement constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying upon exemptions from the formal valuation and minority approval requirements of MI 61-101 based on a determination that the fair market value of the Private Placement is not more $2,500,000 and the fact the Company is not listed on a specified market set out in section 5.5(b) of MI 61-101.

All securities issued under the Private Placement will be subject to a four month hold period in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws.

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