Cypress Hills Resource Corp. Announces Non-Brokered Private Placement

April 24, 2026 10:53 AM EDT | Source: Cypress Hills Resource Corp.

Toronto, Ontario--(Newsfile Corp. - April 24, 2026) - Cypress Hills Resource Corp. (TSXV: CHY.H) (" Cypress Hills " or the " Company ") is pleased to announce a non-brokered private placement (the " Offering ") to raise aggregate gross proceeds of up to C$1,500,000 through the sale of units (" Units ") at a price of C$0.10 per Unit. Each Unit will be comprised of one common share of the Company (a " Common Share ") and one-half of one share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of C$0.15 for a period of twelve (12) months from the date of issuance.

The proceeds from the Units issued under the Offering will be used for general corporate purposes and working capital, including to identify and consider transactions which would result in the Company carrying on an active business.

The securities to be issued in connection with the Offering will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. The Company may pay finder's fees and/or issue finder's warrants on a portion of the Offering to eligible finders, subject to compliance with the policies of the NEX board (the " NEX ") of the TSX Venture Exchange and applicable securities legislation. Closing of the Offering remains subject to the receipt of all applicable regulatory and board approvals.

Insiders of the Company may participate in the Offering. Any participation by insiders of the Company in the Offering will constitute a "related party transaction" under applicable Canadian securities laws. However, the Company anticipates relying on exemptions from the formal valuation and minority shareholder approval requirements applicable to related party transactions under applicable Canadian securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Advisor

Cassels Brock & Blackwell LLP is acting as legal advisor to Cypress Hills in connection with the Offering.

ABOUT CYPRESS HILLS RESOURCE CORP.

Cypress Hills is a Canadian company listed on the NEX tier of the TSX Venture Exchange. The Company currently has no commercial operations and seeks new business assets, or an operating entity for a reverse take-over or similar transaction. For more information, please review the Company's public filings on SEDAR+, accessible at .

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