Vancouver, British Columbia--(Newsfile Corp. - July 23, 2020) -  Cypress Hills Resource Corp. (NEX: CHY.H) (the "Company") announces a non-brokered private placement (the "Private Placement") of up to 10,000,000 shares at the price of $0.07 each for total proceeds of $700,000.

The net proceeds of the Private Placement will be used for asset evaluations, debt repayment and general working capital.

Closing of the Private Placement is subject to the receipt of all applicable regulatory and board approvals.

For further information on the contents of this news release or the activities of Cypress please contact:

Ted J. Fostey
President and Chief Executive Officer
Tel. (403) 265-7663

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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