VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2010) - Brian E. Bayley ("Bayley") has acquired ownership of a total of 600,000 common shares (the "Shares") and 600,000 common share purchase warrants (the "Warrants") of Cypress Hills Resource Corp. ("Cypress") (TSX-V: CHY) pursuant to a private purchase.