Sypher Amends McBride option agreement

Thursday, Jun 14, 2012

Sypher Resources Ltd. ("Sypher" or the "Company") (CNSX:SYP) is pleased to announce that an amended option agreement (the "Option Agreement") has been executed with Nevgold Resource Corp., a subsidiary of Silver Predator Corp. ("the Optionor") (TSX:SPD) relating to the McBride gold property (the "Property") located in Manitoba's Lynn Lake greenstone belt.

The McBride property is located 15 km southwest of the Town of Lynn Lake along provincial highway 396. The relief is moderate and most parts of the McBride property are readily accessible year-round.

Forward-Looking Statement

Some statements in this report contain forward-looking information. These statements include, but are not limited to, statements with respect to future exploration, expenditures, transactions and financings. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, risks related to actual results of exploration activities, the timing and amount of expenditures and the completion of transactions and financings.

Source: Marketwire