UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

                                 FORM 10-KSB

[ X ]   Annual  Report  pursuant  to  Section 13 or 15(d) of the Securities
Exchange  Act  of  1934

     For  the  annual  period  ended  December 31,  2002

[   ]  Transition  Report  pursuant to 13 or 15(d) of the Securities Exchange
Act  of  1934

     For  the  transition  period to


          Commission  File  Number          000-32747
                                            ---------

                     FIRST CYPRESS TECHNOLOGIES, INC.

----------------------------------------------------------------------------
          (Exact name of small Business Issuer as specified in its charter)

             NEVADA                                        98-0218688
---------------------------------             ------------------------------
(State or other jurisdiction of             (IRS Employer Identification No.)
incorporation  or  organization)


1281 WEST GEORGIA STREET, SUITE NO. 501
VANCOUVER, BRITISH  COLUMBIA                  V6E  3J7
---------------------------------             -----------
(Address of principal executive               (Zip  Code)
 offices)

Issuer's telephone number, including area code:   604-484-2899


                                      NONE
           -----------------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: NONE

Securities registered pursuant to Section 12(g) of the Act: COMMON STOCK,
PAR VALUE $0.001 PER SHARE

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d)  of  the  Securities  Exchange Act of 1934 during the preceding 12
months  (or for such  shorter period that the issuer was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days  [  X  ]  Yes    [  ]  No

Check if disclosure of delinquent filers in response to Item 405 of Regulation
S-B is not contained in this form, and no disclosure will be contained, to the
best of registrant's knowledge, in definitive  proxy or information statements
incorporated by reference  in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB [  ]

Revenues for 2002 were NIL.

The aggregate market value of the voting stock held by non-affiliates computed
by reference to the last reported sale price of such stock as of April 14,2003
is $1,850,130. At April 14,2003 our stock's closing price was $0.18 per share.
This price, however, is  an  inter-dealer price without retail mark-up, mark-
down or commission and may not represent an actual transaction.

State  the  number  of  shares  outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:   20,362,500 SHARES OF $0.001
PAR VALUE COMMON STOCK OUTSTANDING  AS  OF  APRIL 14, 2003.

Transitional Small Business Disclosure Format (check one): Yes [ ] No [ x ]

<PAGE>


                                    PART 1

Certain statements contained  in  this Form 10-KSB constitute "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933,as
amended (the  "Securities  Act"), and  Section  21E of the Exchange Act. These
statements, identified  by  words such  as  "plan",  "anticipate,"  "believe,"
"estimate,""should,""expect" and similar expressions, include our expectations
and objectives regarding  our future financial position, operating results and
business strategy.  These  statements  reflect the current views of management
with respect to future events and are subject to risks,uncertainties and other
factors that may  cause  our  actual  results, performance or achievements, or
industry  results, to be  materially  different  from  those  described in the
forward-looking statements.   Such  risks  and uncertainties include those set
forth under the  captions "Description of Business",  "Management's Discussion
and Analysis or Plan  of  Operation"  and elsewhere in this Form 10-KSB. We do
not intend to update the forward-looking information to reflect actual results
or changes in  the  factors  affecting  such  forward-looking  information.

Item  1.  Description  of  Business

First  Cypress  Technologies Inc. was incorporated on September 14, 1999 under
the laws of the State of Nevada.    Our  business  is still in the exploration
stage.  Since our inception, our business plan has been to  develop and market
an internet  computer  software  program known as EngineMax.   Because of  the
difficulties  that  we  experienced  in  obtaining  financing  to  develop the
EngineMax software,  we  have  shifted our focus to investigate other business
opportunities.

On September 26,2002, we entered into an acquisition agreement the "Money Club
Financial" business concept, website, technology and business plan.   Our plan
of operations is to pursue the development and commercialization of the  Money
Club financial business. The business plan involves development of a financial
services and lending  business  that concentrates on between  payday loans and
title loans on automobiles.   The business plan includes a "Club" component to
attract repeat business. Customers receive points based on their loan business
with us and be  able  to use  these points to obtain discounts on purchases of
goods.  We would negotiate with targeted retailers and wholesalers of goods in
in order obtain bulk pricing which we could offer to our customers in exchange
for their "Club" points.

Over the past twelve months, we have  experienced  difficulties  in  obtaining
financing for the development of the  EngineMax  software  and  for developing
the Money Club Financial business concept. Although we will continue to pursue
to  pursue additional funding  in order to enable us to implement our business
plan,  we will also be  exploring other business opportunities for the Company
such as partnerships with other entities.

We have not yet commenced the development of the Money Club Financial business
concept as  one of our key consultants  passed  away.   We have yet to  engage
another independent consultant and or hire experienced personnel or joint
venture or joint venture with  another company to assist us in developing the
Money Club Financial concept.  The Money Club Financial business concept is
still in its  conceptual stage of development and is not ready for retail use.
Our ability  to  continue  with  the  business  plan  is  contingent upon our
obtaining a consultant or experienced personnel, determining a new operational
budget and obtaining  additional capital to assist in  developing the concept
and the new operational plan.

In light of the recent increase in  gold  prices  and  activity  in the mining
sector as well as the previous experience of the management,  the  Company has
decided to actively engage in  the  acquisition  and  exploration  of  mineral
properties. On February 18, 2003, the Company entered into an option agreement
to acquire 100% of the Cahill mineral claims in the Osoyoos Mining Division of
the Province of British Columbia, Canada.    The Cahill 1 and 2 mineral claims
are located 4.5 km east of the town of Hedley,  in  southern British Columbia.
The  property  lies  in the center of the historic Hedley Gold Camp where more
than  1.6 million  ounces  of gold have been previously mined. The property is
underlain by the same formations that hosted the gold  mineralization that was
was mined in the past.  The  property  has  not had any history of exploration
prior to 1980.   Physical  work  on  the property includes geological mapping,
geophysical and geochemical surveys, trenching and core drilling.   The  best
result from the drilling is 2.44 meters of core  grading  0.70 ounces of gold
per ton in the northern part of the property.The southern part of the property
is largely unexplored by drilling.

On April 16,2003, the Company entered into an option agreement to acquire 70%
undivided  interest of  the  Eddy mineral claims covering approximately 7,000
acres in the  Fort Steele Mining Division of the Province of British Columbia,
Canada. The property is located in the Cranbrook area of southeastern  British
Columbia, which  has been long  known  for  its active  placer  gold activity.
The Eddy property is  underlain  by  mid Proterozoic sediments of the  Purcell
Supergroup  that  have been intruded by quartz diorites and  monzonites of the
mid-Cretaceous  Bayonne  plutonic  suite  and  possibly by  the Eocene Coryell
syenites.  The  property is transected by a major northeast southwest trending
fault (Baldy Fault), which separates the Proterozoic Aldridge sediments to the
south from the Creston sediments to the north.   The David shear,  immediately
south  of the property, hosts  approximately 90,000 tons of 0.4  ounce per ton
gold.   Three  major gold occurrences  are known on the  Eddy  claims and  are
the MC shear zone, the Hill vein and the Prospectors Dream.

Our plan of operations is to acquire a portfolio of mineral properties and to
pursue an aggressive exploration  program to test  the  mineralization  on the
properties with the intent of developing significant mineral reserves.   There
can be no assurance that a commercially exploitable mineral deposit or reserve
exists in these properties until appropriate  exploratory work is done  and an
economic evaluation based on such work concludes there is economic feasibility.
In  the  meantime,  the  Company  is  seeking  an  independent  consultant  or
experienced  personnel  in  order  to  develop  and  assist  in the Money Club
Financial business concept.

Developments and Contemplated Activities

We  currently  have minimal cash  reserves  and a significant  working capital
deficit.   Accordingly, our ability  to  pursue  our  plan  of  operations  is
contingent on our being able to obtain funding for the testing and exploration
of the mineral  properties.     We  plan to commence  an offering in  the form
of equity financing from the sale of our common  stock in the principal amount
of  up to  $180,000  to  persons  who  are "accredited  investors" in  private
placement transactions.     There is no assurance we will be able to raise any
funds through this offering.

On March 5, 2003,  we reported in a  Form  8-K  filed  with  the US Securities
and  Exchange  Commission  that  we  had  entered  into an option agreement to
acquire  100%  interest  in  the  Cahill mineral claims covering approximately
926.7 acres in the Osoyoos Mining Division of the Province of British Columbia.

On April 21, 2003, we reported in  a  Form 8-K  filed  with  the US Securities
and  Exchange  Commission  that  we  had  entered  into an option agreement to
acquire  70%   undivided  interest  of  the   Eddy   mineral  claims  covering
approximately  7,000 acres in the Fort Steele Mining Division of the  Province
of British Columbia.

We have engaged in the location, acquisition, exploration and, if warranted,
will develop the mineral resource properties.  All of the mineral properties
in which the Company has an interest or a right to acquire an interest in are
currently in the exploration stage.  None of the properties have a known body
of mineral reserves.  The Company's primary objective is to explore for gold,
silver,  base metals  and industrial minerals and, if warranted, to develop
those existing mineral properties.

Cahill Mineral Claim Option Agreement

We obtained the option to acquire a 100% interest in  mineral  claims situated
in the Province of British Columbia, Canada.  We refer to these mineral claims
as the Cahill mineral claims. We  acquired the option to purchase our interest
in the Cahill mineral claims pursuant to an  Option Agreement dated  February
18,  2003  between Mr. Locke B. Goldsmith and us.   Mr. Goldsmith is the owner
of the Cahill mineral claims.   We  paid  Mr. Goldsmith for the grant of the
option in the amount of $1,500 February 28, 2003 and will issue 10,000 common
shares for the execution of the Option Agreement. The Company is also required
to:

(1)  issue  an aggregate  of  110,000 shares to Mr. Goldsmith on the following
     schedule:

    (a) 10,000 shares upon the completion of the first phase of an exploration
        program  on  the  Property  on  or  before  July  31,  2003;
    (b) 50,000  shares  upon  the  completion  of  the  second  phase  of  an
        exploration  program  on the Property on or before November 30, 2003;
        and
    (c) 50,000 shares upon the completion of the third phase of an exploration
        program  on  the  Property  on  or  before  July  31,  2004.

(2)  incurring  exploration expenditures of $115,000 U.S. on the Property on a
     three-phase  exploration  program  as  follows:

     (a)  $5,000  U.S.  on  or  before  July  31,  2003;
     (b)  a  further  $10,000  U.S.  on  or  before  November  30,  2003; and
     (c)  a  further  $100,000  U.S.  on  or  before  July  31,  2004.

In  the event that the Company is not able to exercise the option by incurring
the  exploration expenditures and  issuing  the  shares  within  the  required
timetable,  then  the Option Agreement will be terminated and the Company will
have  no  further  interest  in  the  Property.

The  Company plans to pursue a three phase exploration program on the Property
that will satisfy  the  exploration  expenditure requirements under the Option
Agreement.  The Company has  received a geological report on the Property that
recommends the completion of the three phase exploration program.  In order to
carry out this  exploration  program,  the  Company will be required to obtain
additional financing to  fund  the exploration program and to fund its ongoing
overhead  and administrative  expenses.   The  Company  anticipates  that  any
additional financing would  be an equity financing involving private placement
sales of the Company's common stock.Additional The Company has no arrangements
for financing in place and there is no  assurance that adequate financing will
be obtained.   Even if additional financing is obtained, there is no assurance
that  the  exploration  program  will  result in  establishment  of commercial
reserves  of  minerals  on  the Property.    Additional exploration beyond the
recommended three phase  exploration  program  will  be  required to establish
commercial reserves. Even  if  commercial  reserves were established, there is
no assurance that the reserves  would  justify  a mine on the Property or that
the  Company  would be able finance  development  of  a  mine on the Property.
Investors are cautioned that  exploration  for  minerals  is  a  highly  risky
business.

Description of the Cahill Mineral Claims

The  Cahill mineral claims comprise of 2 claims, Cahill 1 and Cahill 2 located
in the Hedley Mining District in the Osoyoos  mining  division of the Province
of British Columbia.   The  Cahill property consists of two claims totaling 15
units which is 375 hectares (926.7 acres).    Net  area  at  the  Cahill claim
group is approximately 140 hectares (346 acres). Cahill 1 contains 5 units and
Cahill 2 contains 10 units.   The  mineral  claims  on  both Cahill properties
currently expires on August 11, 2006.   The tenure  numbers  for  Cahill  1 is
246292 and for Cahill 2 is 246293.

Location of the Cahill Mineral Claim

The Cahill 1 and 2 mineral claims are located 4.5 km east of the town of Hedley
BC, 2 km east of Nickel Plate Mountain.   Southwestward  flowing  Cahill  Creek
bisects the claims.   Elevation  of the property ranges from approximately 1437
meters(4700 feet) near the western margin of the Cahill 1 claim, to 1677 meters
(5500 feet)at both the northern end of the Cahill 2 claim and at the southeast,
triangular part of the Cahill 2 claim.  The property spans the boundary between
NTS map sheets 93H/8E and 82E/5W, Osoyoos Mining Division.

Access to the property can be made by gravel road that begins 2.7 km southeast
of Hedley on Highway No. 3.  The road crosses Redtop Gulch and Cahill Creek and
passes  by  the  Nickel  Plate (Mascot) Mine and the Canty  Mine before looping
south to the 1986 and 1987  diamond  drill sites on the Cahill claims,  a total
distance of about 15 km.  An alternate route can be made from Penticton, BC  by
paved road  to  Apex  Ski  Resort  then  by gravel road for a total distance of
approximately 45 km.  Secondary logging roads lead to the southern parts of the
claim group.

History of the Cahill Mineral Claims

The  Cahill  property lies within the historic Hedley Mining District which has
produced  more  than  1.5  million  ounces  of  gold  in  sulphide  rich  skarn
mineralization between 1902 and 1955.   The  mineral claims cover approximately
926.7 acres in the Osoyoos Mining Division of the Province of British Columbia.
Most  of  the  production came  from  the  Nickel Plate and Hedley Mascot mines
located on Nickel  Plate Mountain  approximately  1.5  km  west  of  the Cahill
property.  Open  pit  mining  resumed  at  the  Nickel  Plate mine in 1987 with
measured  reserves   of   6.0  million  tonnes  (6.6 million tons) grading 2.57
grams/tonne gold (0.075 oz/ton).  The  French Mine, located 2.5 km south of the
Cahill Property produced 69,508 tonnes (76,598 tons)  grading 19.60 grams/tonne
gold (0.57 oz/ton) in the period 1950 to 1982.  Similar  type of mineralization
was  mined   at  the  Goodhope Mine located 1.0 km south of the Cahill Property
which produced  11,115 tonnes 912,249 tons)   grading   15.02  grams/tonne gold
90.44 oz/ton) over the period 1945 to 1982.

The  Cahill  property  was last explored during most recent period of high gold
prices  in  the  late 1980's by Locke Goldsmith.  There appears to be no public
record of exploration  work from  the  Cahill claims prior to this location nor
are there records of past production at the  claims.   The  initial  assessment
work programs consisting of reconnaissance mapping,soil sampling and geophysics
were  carried  out  by Arctex  Engineering Services in  1981, 1984 and 1985.  A
property  examination  and literature  compilation  by  RD  Westervelt  in 1986
recommended a three-phase contingent exploration program.

Geological Report

We  have recently employed a geologist,  Mr. John Kowalchuk, BSc, P.Geo, who is
also  our  Vice-president  of  Exploration  to  do  an evaluation of the Cahill
mineral claims which was previously prepared  by  Paul Kallock.   Mr. Kallock's
geological  report  summarizes the  results  of  the  prior exploration  of the
Cahill mineral claims and the  geological  formations on the property that were
identified as a result of this prior exploration.

In Mr. Kallock's geological report,he recommends proceeding with a three-phase,
staged exploration program on the Cahill mineral claims based on his conclusion
that  prospecting, geological mapping  and  soil  surveys  are  the exploration
techniques  that have been most successful in exploring for gold in the region.
Two small budget,single diamond drill hole programs are recommended in Phases 1
and 2, followed by more extensive drilling in Phase 3. The total budget for the
three phases of the exploration would require an expenditure of $115,000.

The three  phase  program recommended in the report of Mr.Kallock constitutes a
reconnaissance exploration program, which is only an initial phase of a full
exploration effort.  If we complete all three phases of the exploration program
and the  results of these efforts are positive, we will still have to undertake
an extensive  and additional exploration program which might consist of further
soil  sampling, geophysical  surveys,  trenching or  drilling before we will be
able to identify commercially-viable reserves.  The costs  of  these subsequent
programs will  be  significantly  more  than the  costs set forth above for the
initial  three  phase  exploration  program.  Based  on  our  current financial
situation, obtaining funds for these additional costs appears doubtful.


Eddy Property Mineral Claims

We entered into an option agreement April 16, 2003 with Ruby Red Resources Inc.
to  acquire  70%  undivided  interest in   mineral  claims situated in the Fort
Steele Mining Division of the Province of British Columbia, Canada.   We  refer
to these mineral claim as the  Eddy mineral claims.  We paid Ruby Red Resources
Inc. for the grant of the option in the amount of $1,000 April 1, 2003  for the
execution of the Option Agreement.   The Company is also required to:

(1)  issue  an  aggregate of  650,000  shares to Ruby Red Resources Inc. on the
     following schedule:

    (a) 200,000  shares upon the execution of the option agreement;
    (b) 150,000 shares upon the completion of the first phase of an exploration
        program  on  the  Property  on  or  before  April 16, 2004;
    (b) 150,000  shares  upon  the  completion  of  the  second  phase   of  an
        exploration  program  on the Property on  or before April 16, 2005; and
    (c) 150,000 shares upon the completion of the third phase of an exploration
        program  on  the  Property  on  or  before  April 16, 2006.

(2)  incurring exploration  expenditures  of $775,000 U.S. on the Property on a
     four-phase  exploration  program  as  follows:

     (a)  $75,000 U.S. on or before April 16,2004
     (b)  a  further  $150,000  U.S.  on  or  before  April 16, 2005;
     (c)  a  further  $250,000  U.S.  on  or  before  April 16, 2006;  and
     (d)  a  further  $300,000  U.S.  on  or  before  April 16, 2007.

In the event  that the Company is not able to exercise the option by incurring
the exploration  expenditures and  issuing  the  shares  within  the  required
timetable,  then the  Option Agreement will be terminated and the Company will
have  no  further  interest  in  the  Property.

The Company plans to pursue a four phase  exploration program on the Eddy
property that  will  satisfy the  exploration  expenditure  requirements  under
the Option Agreement.    The Company  has  received a  geological report on the
Eddy  property  that  recommends the  completion of the  four phase exploration
program.  In order to carry out  this  exploration  program,  the  Company will
be required to obtain additional financing  to  fund  the  exploration  program
and to fund its ongoing overhead and administrative expenses.   The  Company
anticipates that  additional  financing would  be an equity financing involving
private placement sales of the Company's common stock. In addition, the Company
has  no  arrangements  for  financing  in  place and there is no assurance that
adequate financing will be obtained.  Even if additional financing is obtained,
there is no assurance that the exploration program will result in establishment
of commercial reserves  of minerals  on  the Property.  Additional  exploration
beyond  the  recommended  four phase  exploration  program will  be required to
establish commercial reserves. Even  if  commercial  reserves were established,
there is no assurance that the reserves would justify a mine on the Property or
that the Company would be able finance development  of a  mine on the Property.
Investors  are  cautioned  that exploration  for  minerals is  a  highly  risky
business.

Property   exploration   expenditures   include   all costs of acquisition and
maintenance of the property,all expenditures on the exploration and development
of the property and all other costs and  expenses of whatsoever kind or nature,
including those of a capital nature, incurred or chargeable with respect to the
exploration of the property.

Description of the Eddy Mineral Claims

The  Eddy  mineral claims are located in the Fort Steele Mining District of the
Province of British Columbia. It consists of 100 claims totaling 119 units which
is approximately 7,000 acres.The following table lists the claims that comprise
the Eddy Property:

<TABLE>

  Record #   Name     Map #     Expiration Date    # of Units
  -----------------------------------------------------------
  
       <C>       <C>       <C>                <C>
  387079    Eddy  1   082F040    Jul 15, 2003       1 unit
  387080    Eddy  2   082F040    Jul 15, 2003       1 unit
  387081    Eddy  3   082F040    Jul 15, 2003       1 unit
  387082    Eddy  4   082F040    Jul 15, 2003       1 unit
  395303    Eddy 25   082F050    Jul 17, 2003       1 unit
  395304    Eddy 26   082F050    Jul 17, 2003       1 unit
  395305    Eddy 27   082F050    Jul 17, 2003       1 unit
  395306    Eddy 28   082F050    Jul 17, 2003       1 unit
  395311    Eddy 33   082F050    Jul 17, 2003       1 unit
  395312    Eddy 34   082F050    Jul 17, 2003       1 unit
  395313    Eddy 35   082F050    Jul 17, 2003       1 unit
  395314    Eddy 36   082F050    Jul 17, 2003       1 unit
  395319    Eddy 41   082F050    Jul 17, 2003       1 unit
  395320    Eddy 42   082F050    Jul 17, 2003       1 unit
  395321    Eddy 43   082F050    Jul 17, 2003       1 unit
  395343    Eddy 44   082F050    Jul 17, 2003       1 unit
  387078    Eddy      082F050    Jul 15, 2003       1 unit
  387083    Eddy  5   082F050    Jul 15, 2003       1 unit
  387084    Eddy  6   082F050    Jul 15, 2003       1 unit
  387333    Eddy  9   082F050    Jul 15, 2003       1 unit
  387334    Eddy 10   082F050    Jul 15, 2003       1 unit
  387335    Eddy 11   082F050    Jul 15, 2003       1 unit
  387336    Eddy 12   082F050    Jul 15, 2003       1 unit
  387776    Eddy  7   082F050    Jul 15, 2003       1 unit
  387777    Eddy  8   082F050    Jul 15, 2003       1 unit
  387778    Eddy 13   082F050    Jul 15, 2003       1 unit
  387779    Eddy 14   082F050    Jul 15, 2003       1 unit
  393225    Eddy 15   082F050    Jul 15, 2004      20 units
  395123    Eddy 15   082F050    Jul 05, 2003       1 unit
  395124    Eddy 16   082F050    Jul 05, 2003       1 unit
  395125    Eddy 17   082F050    Jul 05, 2003       1 unit
  395126    Eddy 18   082F050    Jul 05, 2003       1 unit
  395271    Eddy 20   082F050    Jul 10, 2003       1 unit
  395272    Eddy 21   082F050    Jul 10, 2003       1 unit
  395273    Eddy 22   082F050    Jul 10, 2003       1 unit
  395274    Eddy 23   082F050    Jul 10, 2003       1 unit
  395275    Eddy 24   082F050    Jul 10, 2003       1 unit
  395276    Eddy 25   082F050    Jul 10, 2003       1 unit
  395277    Eddy 26   082F050    Jul 10, 2003       1 unit
  395294    Eddy 16   082F050    Jul 16, 2003       1 unit
  395295    Eddy 17   082F050    Jul 16, 2003       1 unit
  395296    Eddy 18   082F050    Jul 16, 2003       1 unit
  395297    Eddy 19   082F050    Jul 16, 2003       1 unit
  395298    Eddy 20   082F050    Jul 16, 2003       1 unit
  395299    Eddy 21   082F050    Jul 16, 2003       1 unit
  395300    Eddy 22   082F050    Jul 16, 2003       1 unit
  395301    Eddy 23   082F050    Jul 16, 2003       1 unit
  395302    Eddy 24   082F050    Jul 16, 2003       1 unit
  395307    Eddy 29   082F050    Jul 16, 2003       1 unit
  395308    Eddy 30   082F050    Jul 16, 2003       1 unit
  395309    Eddy 31   082F050    Jul 16, 2003       1 unit
  395310    Eddy 32   082F050    Jul 16, 2003       1 unit
  395315    Eddy 37   082F050    Jul 17, 2003       1 unit
  395316    Eddy 38   082F050    Jul 17, 2003       1 unit
  395317    Eddy 39   082F050    Jul 17, 2003       1 unit
  395318    Eddy 40   082F050    Jul 17, 2003       1 unit
  395322    Eddy 27   082F050    Jul 29, 2003       1 unit
  395323    Eddy 28   082F050    Jul 29, 2003       1 unit
  395324    Eddy 29   082F050    Jul 29, 2003       1 unit
  395325    Eddy 30   082F050    Jul 29, 2003       1 unit
  395326    Eddy 31   082F050    Jul 29, 2003       1 unit
  395754    Eddy 32   082F050    Jul 30, 2003       1 unit
  395755    Eddy 33   082F050    Jul 30, 2003       1 unit
  395756    Eddy 34   082F040    Aug 01, 2003       1 unit
  395757    Eddy 35   082F040    Aug 01, 2003       1 unit
  395758    Eddy 36   082F040    Aug 01, 2003       1 unit
  395759    Eddy 37   082F040    Aug 01, 2003       1 unit
  395760    Eddy 38   082F040    Aug 01, 2003       1 unit
  395761    Eddy 39   082F040    Aug 01, 2003       1 unit
  395762    Eddy 40   082F040    Aug 01, 2003       1 unit
  395763    Eddy 41   082F040    Aug 01, 2003       1 unit
  396088    Eddy 42   082F050    Aug 10, 2003       1 unit
  396089    Eddy 43   082F050    Aug 10, 2003       1 unit
  396090    Eddy 44   082F050    Aug 12, 2003       1 unit
  396091    Eddy 45   082F050    Aug 12, 2003       1 unit
  396092    Eddy 46   082F050    Aug 12, 2003       1 unit
  396093    Eddy 47   082F050    Aug 12, 2003       1 unit
  396094    Eddy 48   082F050    Aug 12, 2003       1 unit
  396095    Eddy 49   082F050    Aug 12, 2003       1 unit
  396096    Eddy 50   082F040    Aug 15, 2003       1 unit
  396097    Eddy 51   082F040    Aug 15, 2003       1 unit
  396098    Eddy 52   082F040    Aug 15, 2003       1 unit
  396099    Eddy 53   082F040    Aug 15, 2003       1 unit
  396100    Eddy 54   082F040    Aug 15, 2003       1 unit
  396101    Eddy 55   082F040    Aug 15, 2003       1 unit
  396102    Eddy 56   082F040    Aug 15, 2003       1 unit
  396103    Eddy 57   082F040    Aug 15, 2003       1 unit
  396104    Eddy 58   082F040    Aug 17, 2003       1 unit
  396105    Eddy 59   082F040    Aug 17, 2003       1 unit
  396106    Eddy 60   082F040    Aug 17, 2003       1 unit
  396107    Eddy 61   082F040    Aug 17, 2003       1 unit
  396108    Eddy 62   082F040    Aug 17, 2003       1 unit
  396109    Eddy 63   082F040    Aug 17, 2003       1 unit
  387670    Nelly 1   082F050    Jul 15, 2003       1 unit
  387671    Nelly 2   082F050    Jul 15, 2003       1 unit
  387672    Nelly 3   082F050    Jul 15, 2003       1 unit
  387673    Nelly 4   082F050    Jul 15, 2003       1 unit
  210255    L3772A    080F050    Jul 15, 2004       1 unit
  210256    L3773     080F050    Jul 15, 2004       1 unit
  210237    L3774     080F050    Jul 15, 2004       1 unit

</TABLE>

Location of the Eddy Mineral Claims

The  Eddy  property is located 25 km southwest of Cranbrook, British Columbia,
Canada around the Weaver Creek area.   The property spans the boundary between
NTS map sheets 82F/050 and 82F/040, Fort Steele Mining Division.  The property
covers Weaver Creek, the headwaters of  Ryder  Creek,  Galway Creek and  Claim
Creek. The property accessed by the Lumerton FSR driven 9 km to the Moyie Main
then  12 km  to North Moyie Creek road, then 1.5 km to Ryder Creek road,  then
5.2 km  to  an unmarked road on the loft of the road.  Most of the property is
accessible by old logging and exploration roads.

The  Eddy property is located in the Purcell Mountain Range.  Elevation ranges
from 1400 to 2140 meters,  topography  varies from  gentle and moderate wooded
slopes to steep rocky slopes.

History of the Eddy Mineral Claims

The largest resource  of  gold  identified in the area is the "David" which is
found at the headwaters of Kutlits Creek.   The David contains at least 90,000
tonnes of shear  hosted  gold mineralization  averaging less than 0.4 oz/ton.
It is steeply dipping, about 1-2 m  wide  and  the  gold  is  associated  with
pyrite and galena.   There  are  no  high  arsenic  levels  although acid-rock
drainage may be a problem for  future  mining.

Throughout  the 1980's,  an extensive program  of prospecting, soil  sampling,
mapping,  trenching,  VLF-EM, magnetic geophysical  surveying and drilling was
conducted  over  the  area now staked as the Eddy property, giving encouraging
gold  results  throughout  the  property.During  late 1800's and early 1900's,
placer gold was extracted from Weaver Creek. Prospecting for the source of the
placer gold was carried out but remained largely unsuccessful.   In the  early
1980's during  road building, gold was exposed, bearing quartz vein, prompting
Weaver Creek to be staked.

Geological Report

We  have  obtained  a  geological evaluation report on the Eddy mineral claims
which was prepared by G. Rodgers, P.Eng, C. Kennedy and S. Kennedy. The report
summarized  the  results  of exploration and geology that was carried during
the summer of 2002 and the geological formations on the property that  were
identified as a result of samples taken at that time.

In  the  report,  Mr. Glen Rodgers  recommends  proceeding  with a four phase,
staged exploration  program  on the  Eddy  mineral  claim.   He suggests using
techniques as geological mapping,  soil sampling and  trenching to locate gold
value over 50 ppb.   Because  the property is also covered with vegetation,  a
budget is required to excavate trenches to expose bedrock the property. A
budget has also been proposed for road construction to improve access on the
property.

If we complete all four phases of the exploration program and the results of
these efforts are positive, we will still have to undertake an extensive and
additional exploration program which might consist of further soil sampling,
geophysical surveys,   trenching   or   drilling  before  we will be able to
identify commercially viable reserves.   The  costs  of  these  subsequent
programs will be significantly more than  the  costs set forth above for the
initial four phase exploration program.   Based  on  our current  financial
situation, obtaining funds for these  additional  costs  appears  doubtful.
Compliance with Government Regulation

We  will  be  required  to  conduct  all  mineral  exploration  activities in
accordance with the Mining  Act of British  Columbia.  We will be required to
obtain work permits  from the  British Columbia  Ministry of Energy Mines and
Resources for any  exploration work  that  results in  a physical disturbance
to the land. We will be  required  to obtain a work permit if we proceed with
the first phase of our exploration program. While there is no charge, we have
not yet obtained a work permit under the Mining Act.   However, we will incur
the  expense  of  our  geologist  to  prepare the required submission  to the
Ministry  of Energy Mines and Resources.  If the exploration program proceeds
to the trenching, drilling and bulk  sampling  stages, we will be required to
post small bonds and file statements  of  work  with  the  Ministry of Energy
Mines and Resources.   We  will be  required  by the  Mining Act to undertake
remediation work on any work that results in physical disturbance to the land.
The  cost  of  remediation work will vary according to the degree of physical
disturbance.

Regulatory compliance costs  have  been  budgeted in the proposed exploration
program recommended by the geological report.  As  mentioned  above,  we will
have to sustain the  cost of reclamation and environmental  mediation for all
exploration and other work undertaken. The amount of these costs is not known
at  this  time  as  we do not know the extent of the exploration program that
will be undertaken,if at all,beyond completion of the recommended exploration
program.  Because  there is presently  no  information on the size, tenor, or
quality of any  resource  or reserve at this time, it is impossible to assess
the  impact  of  any  capital  expenditures  on  earnings  or our competitive
position.

An  environmental review is  not  required under the Environmental Assessment
Act to proceed with the recommended exploration program on our mineral claims.


Employees and Consultants

We have no full-time  employees and two  part-time  employees.  Our part-time
employees include Mr. Robert Rosner,our President and Chief Executive Officer,
and Mr. John Kowalchuk,our Vice-President of Exploration.  We plan to conduct
our business  primarily through agreements with  consultants and  arms-length
third parties.

Subsidiaries

We do not have any subsidiaries at the moment.   We are  in  the  process  of
incorporating a wholly  owned  British Columbia subsidiary for the purpose of
holding the Canadian mineral property options.

Patents and Trademarks

We  do  not  own,  either  legally or  beneficially, any patent or trademark.
However, we currently  own  the  internet  domain   name   www.EngineMax.com,
and www.moneyclubfinancial.com.

Research and Development Expenditures

We have not expended any  money  on  research  and development. We have spent
$15,000  on  expenses  associated  with  the  acquisition  of the  rights  to
develop  our  EngineMax software and the www.EngineMax.com web site address.

In exchange for the acquisition of the Money Club Financial business concept,
web site, technology and  business plan, the Company issued 75,000 shares of
its common stock.  Concurrent  with  the  closing  of  this  acquisition, the
Company's president also transferred  to the vendor an additional 2.5 million
shares of his common stock. No consideration is payable by the Company to the
president in respect of this transfer.    The  purchase  price  based  on  an
independent valuation of the Money Club Financial business concept acquired
was $10,900.  We have not expended  any  money  on  research  & development
costs except on the independent evaluation of the business concept.

We have  not  expended any money on  research and development associated with
the acquisitions of the mineral property rights in British Columbia,Canada.We
have however, entered  into  an  option  agreement  in the acquisition of the
Cahill  mineral  claims where the Company made a cash payment of $1,500, will
issue up to 120,000  common shares and  complete $115,000 of exploration work
over a three year period.    The Company  has  also entered  into  an option
agreement in the acquisition  of  the  Eddy  mineral claims where the Company
made a cash  payment of $1,000, will issue up to 650,000  common  shares and
complete  $775,000 of exploration  work  over a  four  year  period.


Item 2.   Description of Property

We do not own or lease any real property other than  the option to acquire an
interest  in  the  Cahill  mineral claims  and  the  Eddy mineral claims. Our
principal  executive  offices are located in  property  rented by   Mr.Robert
Rosner, our President  and a Director at 1281 West Georgia Street,  Suite 501,
Vancouver, BC  V6E 3J7 Canada,  for  which  we  pay  him  $500 per month on a
month-to-month basis.


Item 3.   Legal Proceedings

We know of no material,active or pending legal proceedings against us, nor are
we involved as a plaintiff in any material proceedings or pending litigation.
There are no proceedings in which any of our directors, officers or affiliates
or any registered or beneficial shareholders are an adverse party or have a
material interest adverse to us.


Item 4.   Submission of Matters to a Vote of Security Holders

No matters were submitted to our security holders for a vote during the fourth
quarter of our fiscal year ending December 31, 2002.



                                       PART II

Item 5.  Market for Registrant's Common Equity and Related Stockholders Matters

Market Information

Prior to August 2001,  there was no trading  market  for our common stock.  We
obtained  a  trading  symbol  of "FCYP" and  began trading  on  the  NASD Over
-the-Counter Bulletin Board in August 2001. Although we have a listing on the
Bulletin Board there is no  assurance  that an  active, liquid market for our
common stock will develop or that a trading market will continue.

Our common stock is quoted on the  NASD Over-the-Counter Bulletin Board at the
present time.  At April 14 2003 our stock's closing price was $0.18 per share.
This price,  however,  is  an  inter-dealer  price  without  retail  mark-up,
mark-down or commission and may not represent an actual transaction. The high
and the low trades for our shares for each quarter of actual trading were:

                                                 HIGH              LOW
                                               ---------        ---------

     2001*

     Third Quarter                             $  1.50          $  0.40
     Fourth Quarter                            $  1.50          $  0.035

     2002*

     First Quarter                             $  0.11          $  0.09
     Second Quarter                            $  0.74          $  0.09
     Third Quarter                             $  0.75          $  0.52
     Fourth Quarter                            $  0.42          $  0.06

     2003*

     First Quarter                             $  0.19          $  0.07

     -------------------------------------------------------------------------
     * The prices are all "closing" prices and appear as approximate figures
       and retroactively reflect the five for one stock split in October 2002.

The Security and Exchange Commission has adopted a Rule that defines a  "penny
stock"  for  the  purposes  relevant  to us, as any equity security that has a
market  price  of  less than $5.00 per share or with an exercise price of less
than $5.00 per share, subject to certain  exceptions.   Our  common  stock  is
presently considered a "penny stock" and is subject to such market rules.  The
penny stock rules require a broker-dealer, prior to a  transaction in a  penny
stock, to deliver a standardized  risk  disclosure  document  prepared  by the
Commission, that: (a) contains a description of the  nature and level of  risk
in the market for penny stocks in both public offerings and secondary trading;
(b)  contains a  description  of  the  broker's  or  dealer's  duties  to  the
customer and of the rights and remedies available to the customer with respect
to a  violation  to such duties or  other  requirements  of  Securities' laws;
(c)  contains  a  brief,  clear, narrative  description  of  a  dealer market,
including bid and ask prices for  penny  stocks  and  the significance of the
spread between the bid and ask price; (d)contains a toll-free telephone number
for inquiries on disciplinary actions; (e) defines terms  that are significant
in the disclosure document or in the conduct of trading in penny  stocks ; and
(f)  contains such other  information  and is in such form,including language,
type, size and format, as the  Commission shall require by rule or regulation.
The broker-dealer also must provide,  prior to effecting any transaction in a
penny stock, the customer with: (a) bid  and  offer  quotations  for the penny
stock; (b) the compensation of the  broker-dealer and  its salesperson in the
transaction; (c) the  number of shares to which such bid and ask prices apply
or other  comparable  information  relating to the depth and liquidity  of the
market for such stock; and (d) a monthly  account statements showing the market
value of each penny stock held in the customer's account.In addition, the penny
stock rules require that prior to a  transaction in a penny stock not otherwise
exempt  from  those  rules; the  broker-dealer  must  make  a  special written
determination that the  penny stock is a  suitable investment for the purchaser
and receive the  purchaser's  written  acknowledgement of the receipt of a risk
disclosure  statement,  a  written  agreement of transactions involving  penny
stock and a  signed  and dated copy of a written suitability statement.  These
disclosure   requirements   may  have  the  effect of  reducing  the  trading
activity in the secondary market for our stock.

<PAGE>

Holders  of  Common  Stock

There  are  20,362,500  outstanding  common  shares as of April 14, 2003 held
by approximately 19 registered stockholders of our common stock. Based on the
information  received  from  brokers  and  others in fiduciary capacities, we
estimate that the total number of shareholders of our common stock does not
exceed 150.   Our shares  of  common  stock  are currently traded on the OTC
electronic Bulletin Board under the symbol "FCYP".

Stock  Option  Grants

To date, we have not granted any stock options.

Dividends

Since its inception, no dividends have been paid on the Company's common stock.
The Company  intends to retain any earnings for use in its business activities,
so  it  is not expected that any dividends on the common stock will be declared
and  paid in  the  foreseeable  future.

There  are  no  restrictions in  our  Articles of Incorporation or bylaws that
restrict  us  from  declaring dividends. The Nevada Revised Statutes, however,
prohibit  us  from  declaring dividends where,  after  giving  effect  to  the
distribution  of  the  dividend:

(A)  we  would  not  be  able to pay our debts as they become due in the usual
     course  of  business;  or

(B)  our total assets would be less than the sum of our total liabilities, plus
     the amount  that would be needed to satisfy the rights of shareholders who
     have preferential  rights  superior  to  those receiving the distribution.

We have neither declared nor paid any cash dividends on our capital stock and
do not anticipate paying cash dividends in the foreseeable future. Our current
policy is to  retain  any  earnings  in  order to finance the expansion of our
operations.   Our  board  of  directors will determine future declaration and
payment of dividends, if any,  in  light  of the then-current conditions they
deem relevant and  in  accordance  with  the  Nevada  Revised  Statutes.

Recent  Sales  of  Unregistered  Securities

We  completed the acquisition of the "Money Club Financial" business concept,
web site, technology and business plan on September 26, 2002 from Ms. Elaine
Lugo in consideration for the issue of 75,000 shares of our common stock. The
shares constituted restricted securities under the United States Securities
Act of 1933 (th "1933 Act"), and were issued pursuant to an exemption from
the registration requirements of the 1933 Act pursuant to Section 4(2) of the
1933 Act.


Item 6.   Management's Discussion and Analysis or Plan of Operation

Forward-Looking Statements

Many  statements  made in this report are forward-looking statements that are
not based on historical facts.Because these forward-looking statements involve
risks and uncertainties,  there are important  factors that could cause actual
results to differ materially from those  expressed or implied by these forward
looking statements.  The forward-looking statements made in this report relate
only to events as of  the date on which the statements are made.

Plan of Operations

We  have  not attained profitable operations since inception.  We do not have
sufficient  capital  to meet our obligations for the next twelve month period.
As a result,  we  need  to  seek additional funding in the near future  and to
explore potential  business  opportunities  with  third parties to  secure new
sources of revenue.   We  anticipate  that  any additional funding  will be in
the form of equity financing  from  the sale of our common stock.   We plan to
raise  principal  amount of  up  to  $180,000  over  the next twelve months to
cover our minimum cash requirements to persons who are "accredited investors"
in private placement transactions.  At this time, we cannot provide investors
with any assurance that we will be able to raise sufficient funding from the
sale of our common stock or that we will be successful in securing new sources
through potential business opportunities.    Similarly, no assurance exists
that we will receive revenues from the operations concerning the Cahill and
Eddy mineral claims over the next twelve months.We believe that debt financing
will not be an alternative funding source.

If we raised the principal amount of $180,000,it would be allocated as follows:

 $ 10,000  to engage an independent consultant or personnel to evaluate the
           development of the Money Club financial business concept and to
           set a new operational plan;
 $ 35,000  to fulfill the cash requirements for Phase 1 and 2 (1500 ft diamond
           drilling) on the Cahill option agreement,as well as part of Phase 3;
 $ 40,000  to fulfill part of first year cash requirements on the Eddy option
           agreement, performing prospective detailed geological mapping and
           trenching, soil & rock samples, and to improve access to the
           properties (Phase 1);
 $ 35,000  to fulfill balance  of  first  year  cash requirements on the Eddy
           option agreement, performing 1500 ft diamond drilling(Phase 2); and
 $ 60,000  for initial operating capital for the next twelve months.

If we are not able to engage an independent  consultant or hire an experienced
personnel  to  assist us to develop the Money Club  financial business concept
and to set a new operational plan, we may look at other alternatives.

If  we do not  raise  the  financing  necessary  to  enable us to complete the
exploration  expenditures required under the  option agreements for the Cahill
and for the Eddy mineral claims, then  our  options will terminate and we will
lose all our rights and interest in the Cahill and Eddy properties.   If we do
not  secure  additional  financing   to  incur   the   required   exploration
expenditures, we may consider bringing in a joint venture partner to  provide
the required funding.  We cannot provide investors with any assurance that we
will be able to  locate  joint  venture  partner(s)  who  will  assist  us in
funding the exploration of the Cahill and Eddy mineral claims.

The  Company's  financial  statements  are  presented on a going concern basis
which  contemplates  the  realization  of  assets  and  the  satisfaction  of
liabilities in the normal course of business.  At December 31, 2002 we  have
been unsuccessful in our efforts to raise additional capital to meet our plan
of operations.As a result, our  operations have  been  minimal.   Our cash
position as of December 31, 2002 was NIL.  Since inception, we have recognized
no revenue.  We have accumulated operating losses of  $255,734  and  we  have
a  working  capital deficiency of $213,184.  At the present  time, and over
the next twelve months, our primary focus will be to explore  various  methods
for raising additional funds.  We will also investigate  the  possibility  of
forming  partnerships  with  other  entities  and  research  other  business
opportunities.    Accordingly,  our   financial   statements  contain  note
disclosures   describing  the circumstances that lead there to be substantial
doubt over our ability to continue  as a going concern.  In our connection
therewith, our independent auditors  included  in  their  report on our 2002
financial  statements  an  explanatory  paragraph  in  respect to their being
conditions which result in substantial doubt over our ability to continue as
a going concern.

At December 31, 2002, we have no cash on hand.   All required administrative
expenses are currently being paid by Mr. Rosner subject  to  reimbursement.
We did not receive any revenues during the twelve months ended December 31,
2002. We  do  not  anticipate  earning  revenues  until  such  time as we have
entered into commercial  production  of  our  mineral  properties.    We  are
presently  in  the  exploration  stage  of our business and we can provide  no
assurance that we will discover  commercially  exploitable  levels  of mineral
resources on our properties, or  if  such  resources  are  discovered, that we
will enter into commercial production of our mineral properties.


In order to explore  other  business  opportunities  and  pursue our existing
business plan,  we  are  dependent  upon  the continuing financial support of
creditors and stockholders until  such time when we are successful in raising
equity  capital  to finance the operations  and  capital  requirements of the
Company.  We  anticipate  that  if  we  are  successful in raising additional
capital, the financing would be an equity financing through the sale of our
common stock.  This financing would cause existing shareholders to experience
dilution of their interest  in  our  company.

New Accounting Pronouncements

Statement of  Financial  Accounting  Standards  No. 146, "Accounting for Costs
Associated with Exit or Disposal Activities" ("SFAS 146") provides guidance on
the  recognition  and measurement of liabilities for costs associated with exit
or disposal activities.  The  provisions  of this  Statement are effective for
exit or disposal activities that are initiated after December 31, 2002.    In
November 2002, the FASB issued FASB Interpretation ("FIN") No. 45,"Guarantor's
Accounting and  Disclosure  Requirements  for  Guarantees,  Including  Indirect
Guarantees of Indebtedness of Others", which  addresses the accounting for and
disclosure of guarantees. FIN 45 requires a guarantor to recognize a liability
for the fair value of a  guarantee  at  inception.   The  recognition  of  the
liability is required even if it is not probable that payments will be required
under the guarantee.  The disclosure requirements are effective for interim and
annual  financial  statements  ending  after  December  15, 2002.   The initial
recognition and measurement provisions are  effective for all guarantees within
the scope of FIN 45 issued or modified after December 31, 2002.

FIN 46, "Consolidation of Variable Interest Entities", clarifies the application
of Accounting Research Bulletin No. 51, "Consolidated Financial Statements", to
certain entities in which equity investors do not have the characteristics of a
controlling financial interest or do not have sufficient equity at risk for the
entity  to  finance  its  activities  without  additional subordinated financial
support from other parties.     FIN 46  is  applicable immediately for variable
interest entities created after January 31, 2003. For variable interest entities
created prior to January 31, 2003,  the provisions of FIN 46 are applicable no
later than July 1, 2003.

The  implementation  of  these new standards is not expected to have a material
effect on our financial statements.

Application of Critical Accounting Policies Going Concern

These  financial  statements  have been prepared on a going concern basis which
assumes that adequate sources of financing will be obtained as required and that
our assets will be realized and  liabilities  settled  in the ordinary course of
business. Accordingly, these financial statements do not include any adjustments
related  to  the  amounts  and  classification  of  liabilities  that  might be
necessary should we be unable to continue as a going concern.   In order for us
to continue as a going concern, we require additional financing.   There can be
no assurance that additional financing will be available to us when needed or,
if available, that it can be obtained on commercially reasonable terms.

Use of Estimates

The  preparation  of  financial  statements  in  accordance with United States
generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosures of contingent assets and liabilities at the date of the financial
statements  and  the  reported  amounts  of  revenues  and expenses during the
reporting period.  Actual results could materially differ from these estimates.

Mineral Exploration Costs

In connection with the mineral exploration property agreements entered into in
2003, costs incurred in respect of those agreements including the exploration
of mineral properties will be charged to expense as incurred.

Risk Factors

An investment in our common stock involves a high degree of risk.  You should
carefully consider the risks described below and the other information in this
Annual Report before  investing  in  our common stock. If any of the following
risks occur, our  business, operating results and financial condition could be
seriously harmed.   The trading price of our common stock could decline due to
any of  these risks, and you may  lose  all  or  part  of  your  investment.

RISKS  RELATED  TO  OUR  FINANCIAL  CONDITION  AND  BUSINESS  MODEL
IF  WE  DO  NOT  OBTAIN  ADDITIONAL  FINANCING,  OUR  BUSINESS  WILL  FAIL.

Our  current  operating  funds  are  less  than  necessary  to  complete  the
exploration of the optioned mineral claims, and  therefore  we  will  need to
obtain additional financing  in  order to complete our business plan.  As of
December 31, 2002, we had no cash.  Our business plan calls for significant
expenses in connection with  the  exploration  of our optioned mineral claims.
While we do not have sufficient funds to carry out phase one of the recommended
exploration program on the Cahill and Eddy mineral  claims nor for the Money
Club Financial business concept,  we  will  require financing in order to
complete the full-recommended  exploration  program.   We  will  also  require
additional financing if the costs of the exploration of our optioned mineral
claim are greater  than  anticipated.  We will require additional financing to
sustain our business  operations  if  we  are  not  successful  in  earning
revenues  once exploration  is  complete.  We  plan to commence an offering in
the form of equity financing from the sale of our common stock in the principal
amount of up to $180,000 to persons who are "accredited investors" in private
placement transactions.  We can provide no assurance to investors that we will
be able to find  such  financing  if  required. Obtaining additional financing
would be subject to a number of factors, including the market prices for gold,
diamond and investor acceptance  of  our  properties,  and investor sentiment.
These factors may make the timing, amount, terms  or conditions of additional
financing unavailable  to  us.

The  most likely source of future funds presently available to us is through
the sale  of  equity  capital.   Any  sale  of  share capital will result in
dilution to existing shareholders.  The only other anticipated alternative for
the financing of  further  exploration  would  be  the  offering  by us Of an
interest in our properties  to  be  earned  by  another  party  or  parties
carrying   out   further   exploration   thereof,   which  is  not  presently
contemplated.

IF WE DO  NOT COMPLETE  THE  REQUIRED OPTION PAYMENTS AND CAPITAL EXPENDITURE
REQUIREMENTS  MANDATED  IN  OUR  OPTION,  WE  WILL  LOSE OUR INTEREST IN THE
CAHILL AND EDDY MINERAL  CLAIMS  AND  OUR  BUSINESS  MAY  FAIL.

We  are   obligated   to   make   additional   option   payments  and  incur
exploration expenditures  on  the optioned mineral claim in order to exercise
the option and obtain  a  100%  interest in the Cahill mineral claims and 70%
undivided interest in the Eddy mineral claims.We must issue a total of 770,000
additional shares  of  our common stock and incur exploration expenditures in
the amount of $890,000  in  order  to  exercise  this  option. We will require
substantial  additional  capital  to  fund  the  continued  exploration of our
optioned mineral claim  and exercise these options. If  we  do  not  make  the
additional option payments or  meet  the exploration expenditures required by
the option agreement, we will forfeit  our interest  in  the optioned mineral
claim and will have no interest in the  optioned  mineral claims. We have no
agreements for additional financing and we  can  provide  no  assurance  to
investors  that  additional funding will be available  to us on acceptable
terms, or at all, to continue operations, to fund new business opportunities
or  to  execute  our business plan. If we lose our interest in the  optioned
mineral claims, then there is a substantial risk that our business will fail.

BECAUSE  WE HAVE NOT COMMENCED  BUSINESS  OPERATIONS,  WE FACE A HIGH RISK OF
BUSINESS  FAILURE.

We have not even begun the initial stages of exploration of our optioned
mineral claim,  and  thus have no way to evaluate the likelihood that we will
be able to operate the business successfully. We have not earned any revenues
as of the date of this Report.  Potential investors  should  be  aware of the
difficulties  normally  encountered by new mineral exploration companies and
the high rate of failure of such enterprises. The likelihood of success must
be  considered  in  light  of  the  problems,  expenses,  difficulties, and
complications and  delays encountered in  connection with the exploration of
the  mineral properties that we plan to undertake. These potential problems
include,  but  are  not  limited  to,  unanticipated  problems  relating to
exploration, and additional costs and expenses  that  may  exceed  current
estimates.

Prior  to  completion of our exploration stage, we  anticipate  that  we  will
incur increased  operating  expenses  without  realizing  any   revenues.  We
therefore expect  to  incur  significant  losses  into the foreseeable future.
We recognize that  if  we are unable to generate significant revenues from the
exploration of our  optioned  mineral  claim and  the  production  of minerals
thereon,  if  any,  we   will   not  be  able  to  earn  profits  or  continue
operations.

There is no history upon which to base any assumption as to the likelihood
that we will prove successful, and we can provide investors with no assurance
that we will  generate  any  operating  revenues or ever achieve profitable
operations. If we  are  unsuccessful  in  addressing these risks, our business
will most likely fail.

BECAUSE  OF THE SPECULATIVE NATURE OF EXPLORATION OF MINING PROPERTIES, THERE
IS SUBSTANTIAL RISK THAT NO  COMMERCIALLY EXPLOITABLE MINERALS WILL BE FOUND
AND THIS  BUSINESS  WILL  FAIL.

The  search  for  valuable  minerals  as  a  business is extremely risky. We
can provide  investors  with  no  assurance  that  the  mineral  claims that
we have optioned  contain  commercially   exploitable  reserves  of gold and
diamond. Exploration  for  minerals  is  a  speculative  venture  necessarily
involving substantial  risk.    The  expenditures  to  be made by us in the
exploration of the optioned  mineral  properties  may  not  result  in  the
discovery of commercial quantities  of gold.   Problems such as unusual or
unexpected  formations  and  other  conditions  are  involved  in  mineral
exploration and often result in unsuccessful exploration efforts. In such a
case, we would be unable to complete our business plan.

BECAUSE OF THE INHERENT DANGERS INVOLVED IN MINERAL EXPLORATION, THERE IS A
RISK THAT WE MAY INCUR LIABILITY OR  DAMAGES  AS  WE  CONDUCT  OUR  BUSINESS.

The search for valuable minerals involves numerous hazards.  As a result, we
may  become  subject  to  liability  for  such hazards, including pollution,
cave-ins and other  hazards  against which we cannot insure or against which
we may elect not to  insure.    The  payment of such liabilities may have a
material adverse effect on  our  financial  position.

EVEN  IF  WE  DISCOVER  COMMERCIAL  RESERVES  OF  PRECIOUS  METALS  ON OUR
OPTIONED MINERAL  PROPERTIES,  WE  MAY  NOT  BE  ABLE  TO  SUCCESSFULLY
OBTAIN COMMERCIAL PRODUCTION.

The optioned mineral properties do not contain any known bodies of ore.   If
our exploration  programs  are  successful in establishing ore of commercial
tonnage and  grade, we will require additional funds in order to place the
Cahill and Eddy mineral claims into commercial production.  At this time we
can provide investors with no assurance  that  we  will  be  able  to  obtain
such  financing.

WE  NEED  TO CONTINUE AS A  GOING  CONCERN  IF  OUR  BUSINESS  IS TO SUCCEED.

There  are a number of factors that raise substantial doubt about the ability
of First Cypress Technologies Inc. to  continue  as  a  going  concern.  Such
factors are: First Cypress Technologies is in a net loss position;
First Cypress Technologies has not obtained  profitable  operations;
and First Cypress Technologies is dependent upon obtaining adequate financing.
If First Cypress Technologies is not able to continue as  a  going  concern,
it  is  likely  that  investors  will  lose their investments.

RISKS  RELATED  TO  OUR  MARKET  AND  STRATEGY

If we do not obtain clear title to the mining properties,our business may fail.

While we have obtained geological reports with respect to the optioned mineral
properties,  this  should  not  be  construed as a  guarantee  of  title.  The
properties  may be  subject to  prior  unregistered agreements or transfers or
native  land  claims, and title  may  be  affected by undetected defects.  Our
optioned mining properties  have  not been surveyed and therefore, the precise
locations  and  areas  of  the  properties  may  be  in  doubt.

RISKS  RELATED  TO  LEGAL  UNCERTAINTY

IF  WE  BECOME SUBJECT TO BURDENSOME  GOVERNMENT  REGULATION  OR  OTHER LEGAL
UNCERTAINTIES,  OUR  BUSINESS  WILL  BE  NEGATIVELY  AFFECTED.

There are several governmental regulations that materially restrict the use of
ore.  Under the Mining  Act of British Columbia, to engage in certain types of
exploration  will  require  work  permits,  the  posting  of  bonds,  and  the
performance of remediation work for any physical disturbance to the land. Also,
to operate a working mine, the British Columbia Environmental Assessment Act
may require an environmental  review  process.

In  addition, the legal  and  regulatory  environment  that  pertains  to  the
exploration of ore is uncertain and may change.Uncertainty and new regulations
could increase our costs of doing business and  prevent us from exploring for
gold deposits. The  growth  of demand for ore may also be significantly slowed.
This could  delay  growth  in  potential demand for and limit our ability to
generate revenues.    In  addition to new laws and regulations being adopted,
existing laws may be applied to mining that have not as yet been applied.These
new laws may increase our cost of doing business with the result that our
financial condition and  operating  results  may  be  harmed.


RISKS  RELATED  TO  THIS  OFFERING

BECAUSE OUR PRESIDENT, MR. ROBERT ROSNER, OWNS 36.8% OF OUR OUTSTANDING COMMON
STOCK,HE WILL MAKE AND CONTROL CORPORATE DECISIONS THAT MAY BE DISADVANTAGEOUS
TO  OTHER  MINORITY  SHAREHOLDERS.

Mr. Robert Rosner, our director and President, owns approximately 36.8% of the
outstanding shares of our common stock. Accordingly, he will have a significant
influence in determining  the  outcome  of all corporate transactions or other
matters, including mergers, consolidations and the sale of all or substantially
all of our assets, and also the power to prevent or cause a change in control.
The interests  of  Mr.  Rosner  may  differ  from  the  interests  of the other
stockholders and thus result in corporate decisions that are disadvantageous to
other  shareholders.

BECAUSE  OUR  PRESIDENT HAS  OTHER  BUSINESS  INTERESTS, HE MAY NOT BE ABLE OR
WILLING  TO  DEVOTE  A  SUFFICIENT AMOUNT  OF  TIME TO OUR BUSINESS OPERATIONS,
CAUSING  OUR  BUSINESS  TO  FAIL.

Our  president,  Mr. Rosner presently spends only 50% of his business time on
business  management  services  for  our company.   While Mr. Rosner presently
possesses  adequate time  to attend to our interests, it is possible that  the
demands on Mr. Rosner from his other obligations could increase with the result
that he  would  no longer be able to devote sufficient time to the management
of our business. In addition, Mr. Rosner may not possess sufficient time  for
our business if the demands of  managing  our business increased substantially
beyond  current  levels.

BECAUSE  MANAGEMENT HAS  ONLY LIMITED  EXPERIENCE  IN MINERAL EXPLORATION, THE
BUSINESS  HAS  A  HIGHER  RISK  OF  FAILURE.

Our management has only limited experience in mineral exploration. As a result
of this inexperience,there is a higher risk of our being unable to complete our
business  plan  in  the exploration and exploitation  of our optioned mineral
property.

IF  THERE'S A  MARKET  FOR  OUR COMMON STOCK, OUR STOCK PRICE MAY BE VOLATILE.

If there's a  market for our common stock, we anticipate that the market price
of our common stock will be subject to wide fluctuations in response to several
factors,  including:

  (1)   actual  or  anticipated  variations  in  our  results  of  operations;
  (2)   our  ability  or  inability  to  generate  new  revenues;
  (3)   increased  competition;  and
  (4)   conditions  and  trends  in  the  mining  industry.

Further,  because  our  common stock is traded on the NASD over the counter
bulletin board, our stock price may be impacted by factors that are unrelated
or disproportionate to our operating performance. These market fluctuations,as
well  as general economic, political and market conditions, such as recessions,
interest rates or international currency fluctuations may adversely affect the
market  price  of  our  common  stock.


OUR  SHARES  CONSTITUTE  PENNY  STOCK

The shares of our common stock constitute penny stock under the Securities and
Exchange  Act.  The shares will remain penny stock for the foreseeable future.
The classification of penny stock makes it more difficult for a broker-dealer
to sell the stock into a secondary market, which makes it more difficult for a
purchaser to liquidate his or her investment. Any broker-dealer engaged by the
purchaser for the  purpose of  selling  his or  her  shares in  First Cypress
Technologies Inc.  will be subject to  rules  15g-1  through  15g-10  of the
Securities and Exchange Act.    Rather than creating a need  to  comply with
those rules, some broker-dealers will refuse to attempt to sell penny stock.


Item  7.  Financial  Statements

Our financial statements are stated in United States dollars and are prepared
in accordance with the United States generally accepted accounting principles.
The audited financials statements ended December 31, 2002, the independent
auditor's report, and the notes to the financial statements are attached as
Exhibit 13 with this filing.


Index  to  Financial  Statements:

1.     Independent  Auditors'  Report;

2.     Audited  Financial  Statements

     a.   Balance  Sheets  as  at  December  31,  2002  and  2001;

     b.   Statements of Changes in Capital Deficit for the period from September
          14,  1999  (inception)  to  December  31,  2002;

     c.   Statements  of  Operations  for  the years ended December 31, 2002 and
          2001 and for the cumulative period from September 14, 1999 (inception)
          to  December  31,  2002;

     d.   Statements  of  Cash  Flows  for the years ended December 31, 2002 and
          2001 and for the cumulative period from September 14, 1999 (inception)
          to  December  31,  2002;

     e.   Summary  of  Significant  Accounting  Policies

     f.   Notes  to  Financial  Statements.



Item 8,   Changes in and Disagreements with Accountants on Accounting and
          Financial Disclosure

Not applicable


                                      PART III

Item 9.   Directors and Executive Officers of the Registrant

Name of Director           Age
----------------          -----
Robert Rosner              38
John Kowalchuk             56

Executive Officers:

Name of Officer            Age    Office
----------------          -----   -------
Robert Rosner              38     President and Chief Executive Officer
John Kowalchuk             56     vice-president of exploration

Set forth below is a brief description of the background and business experience
of  each  of  our  executive  officers  and  directors  for the past five years.

Mr.  Robert  Rosner is our president and chief executive officer and is a member
of  our  board of directors.  Mr. Rosner was appointed to our board of directors
on  September  15, 1999.  Mr. Rosner was appointed as our president on September
15,  1999.   Mr.  Rosner  has  been  the  owner  and  the  president  of  Rosner
Communications  Inc.  since  July  1985.  Rosner  Communications  Inc.  provides
consulting  services to public companies.  Mr. Rosner has been the president and
a  director  of  Moreno  Ventures Inc., a company listed on the Canadian Venture
Exchange,  since July 1994.  Mr. Rosner has been the president and a director of
Fortuna  Ventures Inc., a company listed on the Canadian Venture Exchange, since
June  1996.  Mr.  Rosner  has  been  the  president  and  a director of Superior
Networks,  Inc., a company listed on the NASD-OTC Bulletin Board, since February
2002.  Mr.  Rosner  was  a director of Global Tree Technologies, Inc., a company
currently  listed  on  the  Canadian Venture Exchange, from May 1993 to February
1998.  Moreno  Ventures,  Inc.  and  Fortuna  Ventures,  Inc. are both companies
engaged  in the business of mineral exploration.  Global Tree Technologies, Inc.
is  a  company  engaged  in the business of marketing of a fast growing tree for
production  of  wood  products.  Mr. Rosner has been a member of the Independent
Order  of Foresters since 1989, and a member of its executive committee in 1994.
Mr.  Rosner  spends  approximately  50%  of  his  time  on  our  business.

Mr.  Carl Chow  resigned as our secretary, treasurer and chief financial officer
on September 26, 2002.

Mr.  John Kowalchuk, BSc., P.Geo  is  our  vice-president  of  exploration and a
member of our board of directors.     Mr. Kowalchuk  was appointed as our vice -
president  of  exploration and to our board of directors on April 7, 2003.   Mr.
Kowalchuk  was  employed as a geologist for Kenrich Mining Corp. Ltd. from March
1996  to  December  2000.      Mr.  Kowalchuk  was  also the Vice - President of
exploration and acted as a  consulting geologist for  Rock  Resources  Inc. from
January 2000 to January 2003.   John has more than thirty-three years of mineral
exploration  experience  with both senior and junior mining companies in Canada,
the United States of America, Mexico and Chile.    Mr. Kowalchuk is expected to
spend approximately 50% of his time on our business.


Term  of  office

Our  Directors  are  appointed for a one-year term to hold office until the next
annual  general  meeting  of  our  shareholders  or until removed from office in
accordance  with  our  bylaws.  Our  officers  are  appointed  by  our  board of
directors  and  hold  office  until  removed  by  the  board.


Section  16(a)  Beneficial  Ownership  Reporting  Compliance

The  following  persons  have  failed to file, on a timely basis, the identified
reports  required  by  Section  16(a) of the Exchange Act during the most recent
fiscal  year:


                            Number   Transactions   Known Failures
                            Of late   Not Timely      To File a
Name and principal position Reports    Reported     Required Form
--------------------------  -------  -------------- -------------
Robert Rosner               One           0               0
President and Chief         (Form  3)
Executive Officer

John Kowalchuk              One           0               0
Vice-President of           (Form  3)
  Exploration


<PAGE>

Item  10.  Executive  Compensation

                            Annual Compensation Table

The  table  below  summarizes all compensation awarded to, earned by, or paid to
our executive officers by any person for all services rendered in all capacities
to us for the fiscal year ended December 31, 2002.     No officers or directors
received  annual  compensation  in  excess  of  $100,000  during  the last three
complete fiscal years.


<TABLE>


                           Annual  Compensation         Long  Term  Compensation
                           --------------------         ------------------------
                                                Other                                   All
                                                Annual                                  Other
                                                Com-    Restricted                      Com-
                                                pen-    Stock    Options/  LTIP         pen-
Name            Title     Year  Salary   Bonus  sation  Awarded  SARs (#)  payouts ($)  sation
------------  ----------  ----  -------  -----  ------  -------  --------  -----------  ------
<S>          <C>         <C>   <C>      <C>    <C>     <C>      <C>       <C>          <C>

Robert       President,   2000  $ 1,000      0       0        0         0            0       0
Rosner (1)   CEO and      2001  $12,000
       (1)   Director     2002  $12,000


</TABLE>

     (1)  Mr.  Rosner  has  not  received any of this $12,000 shown as a salary.
          This  amount has been deferred due to the financial constraints of the
          company for the years 2002 and 2001.


Stock  option  grants

We  did  not  grant  any stock options during our most
recent  fiscal year ended December 31, 2002 nor have we granted stock options
since  the  company's inception in 1999.

Employment/Consulting  agreements

We do not have an employment or consultant agreement with Mr. Robert Rosner, our
president and a director.  Mr. Rosner provides his services to us on a part-time
basis.    Effective  December  1,  2000, First Cypress began paying Mr. Rosner a
management  fee  in  the  amount  of  $1,000  per  month.   Due to First Cypress
financial condition, for the entire fiscal year of 2001 and 2002,   Mr. Rosner's
management fees have not been paid and instead have been accrued as an  expense.

We  do  not  have  an employment or consultant agreement with Mr. John Kowalchuk
our vice-president of exploration and director.    We do not pay any  salary  or
consulting fees  to  Mr. Kowalchuk.

There are no arrangements or plans in which we provide pension, retirement or
similar benefits for directors or executive officers, except that our directors
and executive officers may receive stock options at the discretion of our
board of directors.  We do not have any material bonus or profit sharing plans
pursuant  to  which  cash or non-cash compensation is or may be paid to our
directors or executive officers, except that stock options may be granted at
the discretion of our board of directors.

Committees of the Board

We do not have an audit or compensation committee at this time.

Director Compensation

We do not have a compensation committee.  We may reimburse our directors for
expenses incurred in connection with attending board meetings but did not pay
director's fees or other cash compensation for services rendered as a
director in the year ended December 31, 2002.

We have no formal plan for compensating our directors for their service in
their capacity as directors.  The board of directors may award special
remuneration to any director undertaking any special services on behalf of
our company other than services ordinarily required of a director.  No
director received and/or accrued any compensation for his or her services
as a director, including committee participation and or past assignments.



Item  11.  Security  Ownership  of  Certain  Beneficial  Owners  and  Management

The  following table provides the names and addresses of each person known to us
to own more than 5% of our outstanding common stock as of April 15, 2003, and by
the  officers  and  directors, individually and as a group.  Except as otherwise
indicated,  all  shares  are  owned  directly.

<TABLE>
<CAPTION>
                                                       Amount of         Percent
                           Name and address            beneficial        of
Title of Class             of beneficial owner         ownership         class
                           -----------------------------------------------------
<S>                        <C>                         <C>               <C>
Common Stock               Robert Rosner                7,500,000 shares  36.8%
                           Director, President &
                           Chief Executive Officer
                           Unit 3362-349 W. Georgia Street
                           Vancouver, BC  V6B3Y3

Common Stock               John Kowalchuk                       - shares     0%
                           Vice President of Exploration
                           #16, 7491 No. 1 Road
                           Richmond, BC
                           V7C 1TC

Common Stock               Elaine Lugo                  2,575,000 shares  12.6%
                           1805 Iron Ridge Drive
                           Las Vegas, Nevada
                           89117-5836

Common Stock               All Officers and Directors   7,500,000 shares  36.8%
                           as a Group that
                           consists of 2 persons.
--------------------------------------------------------------------------------
</TABLE>


The  percent  of  class  is based on 20,362,500 shares of common stockissued and
outstanding  as  of  April  15,  2003.

Under the rules of the Securities and Exchange Commission, a person (or group of
persons)  is  deemed  to  be  a  "beneficial  owner" of a security if he or she,
directly  or indirectly, has or shares the power to vote or to direct the voting
of  such  security,  or  the power to dispose of or to direct the disposition of
such  security.  Accordingly,  more  than  one  person  may  be  deemed  to be a
beneficial  owner  of  the  same  security.  A  person  is  also  deemed to be a
beneficial  owner  of  any  security, which that person has the right to acquire
within  60  days,  such  as  options or warrants to purchase the common stock of
First  Cypress.  There were no rights outstanding as of April 15, 2003 entitling
owners to acquire our common stock within 60 days.




<PAGE>

Item  12.  Certain  Relationships  and  Related  Transactions

None  of  the  following  parties  has, since our date of incorporation, had any
material  interest,  direct  or  indirect,  in any transaction with us or in any
presently  proposed  transaction  that  has  or  will  materially  affect  us:

-    Any  of  our  directors  or  officers;
-    Any  person  proposed  as  a  nominee  for  election  as  a  director;
-    Any  person  who beneficially owns, directly or indirectly, shares carrying
     more  than  10%  of the voting rights attached to our outstanding shares of
     common  stock;
-    Any  of  our  promoters;
-    Any  relative  or  spouse  of any of the foregoing persons who has the same
     house  as  such  person.

We  pay  $500  per month to Mr. Rosner for office expenses and the use of office
facilities. This agreement is on a month-to-month basis and can be terminated at
any  time.

Mr.  Rosner  has  loaned First Cypress $171,973 in funds to support the on-going
expenses of the company.  This amount  is unsecured and repayable on demand with
interest  at  8%  per  annum.  Interest charged during the year ended December
31, 2002 was $10,467.

Concurrent  with  the  closing  of  the acquisition of the Money Club Financial
business concept, Mr. Rosner, president and the sole director of First Cypress,
surrendered 2,500,000 (post-split) shares of common stock of First Cypress for
cancellation and transferred to Ms. Lugo 2,500,000 (post-split) shares of his
common stock.  Mr. Carl Chow, the  former secretary  and treasurer and a former
director  of  First Cypress Technologies  surrendered 12,500,000 (post-split)
shares of common stock of  First  Cypress for  cancellation concurrent with the
closing.  Mr. Chow has ceased to be an officer or  director  of  the  Company
and  no longer owns any shares of the Company. The surrender of shares for
cancellation by Mr. Chow and Mr. Rosner and the transfer of shares by Mr. Rosner
to Ms. Lugo were conditions precedent to the closing  of  the  acquisition  of
the assets under the terms of the acquisition agreement.


Item  13.  Exhibits  and  Reports  on  Form  8-K


(a)     Exhibits  and  Index  of  Exhibits


  Exhibit
  Number                         Description of Exhibit
--------------     -------------------------------------------------------------
 3.1                Articles  of  Incorporation(1)
 3.2                Bylaws,  as  amended(1)
 4.1                Share  Certificate(1)
10.2                Purchase Agreement, Money Club Financial(2)
10.3                Option Agreement, Cahill Mineral Claims(3)
10.3                Option Agreement, Eddy Mineral Claims(4)
13.3                Audited Financial Statements for the years ended
                    December 31, 2002 and 2001
99.1                Section 906 Certification
--------------------------------------------------------------------------------
(1)     Previously  filed  with  the  Securities  and  Exchange Commission as an
exhibit  to  the  Registrant's  Form  SB-2 Registration Statement, as amended on
April  27,  2001.
(2)     Previously  filed  with  the  Securities  and  Exchange Commission as an
exhibit to  the  Form 8-K dated October 7, 2002.
(3)     Previously  filed  with  the  Securities  and  Exchange Commission as an
exhibit to  the  Form 8-K dated March 5, 2003.
(4)     Previously  filed  with  the  Securities  and  Exchange Commission as an
exhibit to  the  Form 8-K dated April 21, 2003.


(b)     Reports  on  Form  8-K.

On October 7, 2002, we reported with the US Securities and Exchange Commission
that  we  entered  into  an  acquisition  agreement to purchase the Money Club
Financial business concept from Elaine Lugo.


On March 5, 2003, we reported with the US Securities and  Exchange Commission
that  we had  entered  into  an option agreement to acquire 100% interest in the
Cahill mineral claims  covering approximately  926.7 acres in the Osoyoos Mining
Division of the Province of British Columbia from Locke B. Smith.

On April 21, 2003,  we  reported with the US Securities and  Exchange Commission
that  we  had entered into an option agreement to acquire 70% undivided interest
in the Eddy mineral claims covering approximately 7,000 acres in the Fort Steele
Mining Division of the Province of British Columbia from Ruby  Red  Resources,
Inc.


Item 14.  Controls and Procedures

As  required by Rule 13a-15 under the Exchange Act, within 90 days prior to the
filing  date  of this  report, the Company  carried  out  an  evaluation  of
effectiveness of the design  and operation of the Company's disclosure controls
and procedures.   This evaluation was carried out with the participation of the
Company's president and Chief Executive Officer (or  persons performing similar
functions). Based upon  that  evaluation,  the  Company's president and Chief
Executive Officer concluded that the Company's disclosure controls and
procedures are effective.  There have been no significant changes in the
Company's internal controls or  other  factors, including  any  corrective
actions with regards to significant deficiencies and material weaknesses which
could significantly affect the  internal  controls  subsequent  to the  date the
Company  carried out its evaluation.

Disclosure  controls  and  procedures are controls and other procedures that are
designed to ensure that  information required to be disclosed in Company reports
filed or submitted under the Exchange Act is recorded, processed, summarized and
reported,  within  the  time  periods  specified  in the Securities and Exchange
Commission's rules and forms.Disclosure controls and procedures include, without
limitation, controls,and procedures designed to ensure that information required
to be disclosed in  Company  reports filed under the Exchange Act is accumulated
and  communicated  to  management  to  allow timely decisions regarding required
disclosure.


<PAGE>



                                   SIGNATURES



In  accordance  with  Section  13  or  15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


FIRST CYPRESS TECHNOLOGIES,  INC.


By:  /s/ ROBERT ROSNER
     ___________________________________
     ROBERT ROSNER, President, Chief Executive Officer,
     Principal Accounting Officer, and Director
     Date:     APRIL 22,  2003


In  accordance  with  the  Securities  Exchange Act, this report has been signed
below by the following persons on behalf of the registrant and in the capacities
and  on  the  dates  indicated.



By:  /s/ ROBERT ROSNER
     ___________________________________
     ROBERT ROSNER, President, Chief Executive Officer,
     Principal Accounting Officer, and Director



     Date:     APRIL 22, 2003



<PAGE>


                           SECTION 302 CERTIFICATION




     I, ROBERT ROSNER, as principal executive officer of First Cypress
Technologies,Inc. (the "Registrant"), hereby certify that:

     1.   I have reviewed this annual report on Form 10-KSB of First Cypress
          Technologies, Inc. (the "Registrant");

     2.   Based on my knowledge, this annual report does not contain any untrue
          statement of a material fact or omit to state a material fact
          necessary to make the statements made, in light of the circumstances
          under which such statements were made, not misleading with respect to
          the period covered by this annual report;

     3.   Based on my knowledge, the financial statements, and other financial
          information included in this annual report, fairly present in all
          material respects the financial condition, results of operations and
          cash flows of the Registrant as of, and for, the periods presented in
          the annual report;

     4.   The Registrant's other certifying officers and I am responsible for
          establishing and maintaining disclosure controls and procedures (as
          defined in Exchange Act Rules 13a-14 and 15d-14) for the Registrant
          and have:

               (a) designed such disclosure controls and procedures to ensure
          that material information relating to the Registrant and its
          consolidated subsidiaries, is made know to us by others within those
          entities, particularly during the period in which this annual report
          is being prepared;

               (b) evaluated the effectiveness of the Registrant's disclosure
          controls and procedures as of a date within 90 days prior to the
          filing of this annual report (the "Evaluation Date"); and

               (c) presented in this annual report our conclusions about the
          effectiveness of the disclosure controls and procedures based on our
          evaluation as of the Evaluation Date.

     5.   The Registrant's other certifying officers and I have disclosed, based
          on our most recent evaluation, to the Registrant's auditors and the
          Audit Committee of the Registrant's Board of Directors (or persons
          fulfilling the equivalent function):

               (a) all significant deficiencies in the design or operation of
          internal controls which could adversely affect the Registrant's
          ability to record, process, summarize, and report financial data and
          have identified for the Registrant's auditors any material weaknesses
          in internal control; and

<PAGE>


               (b) any fraud, whether or not material, that involves management
          or other employees who have a significant role in the Registrant's
          internal controls; and

     6.   The Registrant's other certifying officers and I have indicated in
          this annual report whether or not there were significant changes in
          the internal controls or in other factors that could significantly
          affect internal controls subsequent to the date of our most recent
          evaluation, including any corrective actions with regard to
          significant deficiencies and material weaknesses.

               EXECUTED this 22nd day of April, 2003.


   /s/  Robert Rosner
 --------------------------------
     Robert Rosner, President
     and Chief Executive Officer
     and Principal Accounting Officer


<PAGE>


EXHIBIT 99.1





            CERTIFICATION  OF  CHIEF  EXECUTIVE  OFFICER
                         PURSUANT TO
                  18  U.S.C.  SECTION 1350
                   AS ADOPTED PURSUANT TO
         SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002





I,  ROBERT ROSNER,  certify,  pursuant  to  18  U.S.C.  Section  1350,
as  adopted  pursuant  to   Section  906  of  the  Sarbanes-Oxley  Act
of  2002,  that  the Annual  Report  on  Form  10-KSB of First Cypress
Technologies,  Inc.  for  the  yea r ended  December  31,  2002  fully
complies  with  the  requirements  of  Section  13(a)  or 15(d) of the
Securities   Exchange   Act   of   1934   and   that  the  information
contained  in  the  Annual  Report  on  Form 10-KSB  fairly   presents
in  all  material  respects  the  financial  condition   and   results
of  operations  of  First  Cypress  Technologies,  Inc.




By:     /s/ ROBERT ROSNER
        ------------------------
        Robert Rosner, President
        and Chief Executive Officer
        and Principal Accounting Officer

Date:   April 22, 2003