Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - Cypress Hills Resource Corp. (TSXV: CHY.H) ("Cypress Hills" or the "Company") announces that it will not be proceeding with the non-brokered private placement to raise aggregate gross proceeds of up to C$1,500,000 through the sale of units at a price of C$0.10 per Unit that was previously announced on April 24, 2026.

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 www.sedarplus.ca.

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