Ted J. Fostey Sells Shares of Cypress Hills Resource Corp.

Calgary, Alberta--(Newsfile Corp. - September 8, 2020) -  Ted J. Fostey ("Fostey") announced that, indirectly through JDL Capital Canada Ltd., he disposed of 1,850,000 Common Shares (the "Disposition") of Cypress Hills Resource Corp. (NEX: CHY.H) ("Cypress" or, the "Corporation").

Prior to the Disposition, Fostey, directly and indirectly, held 3,720,271 Common Shares, representing approximately 18.64% of the Issuer's 19,961,965 issued and outstanding Common Shares.

As a result of the Disposition, Fostey now has beneficial ownership of an aggregate of 1,870,271 Common Shares, representing approximately 9.37% of the Issuer's 19,961,965 issued and outstanding Common Shares.

This news release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the early warning report will appear with Cypress' documents on the System for Electronic Document Analysis and Retrieval at www.sedar.com.

Cypress' head office is located at Suite 1703, Three Bentall Centre, 595 Burrard Street, PO Box 49131, Vancouver, BC, V7X 1J1.

For further information or to request a copy of the early warning report, please contact:

Ted J. Fostey
(403) 256-7663

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