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Cypress Drilling Results on Twenty-One Silver-Gold Project in Nevada

Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) announces that a Phase One drill program has been completed on its 420 acre Twenty-One silver-gold property located in Mineral County, west central Nevada.

Twenty One Silver-Gold project location map:
http://www.cypressdevelopmentcorp.com/i/maps/21/Twenty-One-Silver-Gold-Location-Map.jpg

The Reverse Circulation drill program consisted of 5 holes totaling 1700 metres. The program was designed to test a 1 kilometre wide zone of alteration and local silver-lead-gold mineralization discovered by Cypress during surface sampling of the contiguous Silver and Jasperiod claim blocks. The property is situated within the Walker Lane structural and metallogenic province of western Nevada.

Twenty-One Silver- Gold Property Drill Hole Location Map:
http://www.cypressdevelopmentcorp.com/i/maps/CYP-21-SGdrill.jpg

The property lies on the direct extension of the Mindora resource area and within a regional-scale, ENE trending belt of both Tertiary and pre-Tertiary age precious and base metal mineralization.

Drilling was oriented to produce a cross section of the mineralized trend. Sampling was done on ten foot intervals from hole collar to completion depth. The ten foot sample intervals produced large samples averaging approximately 8 kilograms in weight. These large samples were done to ensure a high quality representative sample of each ten foot interval was obtained.

Highly anomalous silver values up to 19 g/t were found in four of the five holes. The higher silver values are accompanied by highly anomalous bismuth values up to 33 ppm. The bismuth mineralization strongly suggests that the large area of alteration, brecciation and silver mineralization is related to an intrusive igneous stock at depth.

Anomalous silver and bismuth mineralization were found over down hole widths up to 270 feet within both a silica flooded and brecciated volcaniclastic cap rock, within underlying, Triassic age limestone units. Hornblende porphyry dikes were also intersected in the drilling. The potential relationship of these dikes to the silver bismuth mineralization is currently being studied.

The assays results from the completed drilling are summarized in Table 1 below. Assaying of the samples was done by ALS Chemex in Reno, Nevada. Drill hole AJ-1 did not return any significant assays.

Drill Hole AJ-2

   

Au

Ag

Bi

Pb

Zn

Hole ID

From(ft)

To(ft)

ppm

ppm

ppm

ppm

ppm

AJ-2

410

420

<0.005

1.3

1

121

160

AJ-2

420

430

0.005

3.4

2

129

91

AJ-2

430

440

<0.005

1.4

1

34

68

AJ-2

440

450

0.011

19.1

33

190

142

AJ-2

450

460

<0.005

3.2

6

202

277

AJ-2

460

470

<0.005

1

2

65

111

AJ-2

470

480

<0.005

4.2

7

237

283

AJ-2

480

490

0.005

0.8

1

57

105

AJ-2

490

500

<0.005

0.7

1

59

109

AJ-2

500

510

<0.005

1

1

35

123

AJ-2

510

520

<0.005

3.1

2

130

160

               

Drill Hole AJ-3

   

Au

Ag

Bi

Pb

Zn

Hole ID

From(ft)

To(ft)

ppm

ppm

ppm

ppm

ppm

AJ-3

290

300

<0.005

1.2

5

79

129

AJ-3

300

310

<0.005

1.2

1

176

99

AJ-3

310

320

0.005

4.1

13

177

253

AJ-3

320

330

0.006

2.3

11

218

406

AJ-3

330

340

<0.005

2.4

1

108

185

               

Drill Hole AJ-4

   

Au

Ag

Bi

Pb

Zn

Hole ID

From(ft)

To(ft)

ppm

ppm

ppm

ppm

ppm

AJ-4

140

150

<0.005

1.4

1

34

230

AJ-4

150

160

<0.005

2.6

7

163

335

AJ-4

160

170

<0.005

1.6

1

295

205

AJ-4

170

180

<0.005

1.6

1

294

151

AJ-4

180

190

<0.005

1.5

2

143

184

AJ-4

190

200

0.031

6.8

1

79

71

AJ-4

200

210

<0.005

1.1

1

96

80

AJ-4

210

220

<0.005

1.4

1

46

104

AJ-4

220

230

<0.005

1

1

14

68

AJ-4

230

240

<0.005

1.2

1

9

33

AJ-4

240

250

<0.005

2

1

11

38

AJ-4

250

260

<0.005

1.4

1

50

253

AJ-4

260

270

<0.005

2.7

1

11

58

AJ-4

270

280

<0.005

1.1

1

55

49

AJ-4

280

290

0.008

3

1

518

184

AJ-4

290

300

<0.005

3

2

190

63

AJ-4

300

310

<0.005

1.6

1

117

187

AJ-4

310

320

<0.005

2.5

1

74

137

AJ-4

320

330

<0.005

1.2

1

11

45

AJ-4

330

340

<0.005

1.5

1

13

48

AJ-4

340

350

<0.005

2.2

1

22

68

AJ-4

350

360

<0.005

1.9

1

34

174

AJ-4

360

370

<0.005

2.1

1

113

110

AJ-4

370

380

<0.005

1.8

1

196

310

AJ-4

380

390

<0.005

2.5

1

565

421

AJ-4

390

400

0.012

7.2

10

648

410

AJ-4

400

410

<0.005

1.4

1

99

86

               

Drill Hole AJ-5

   

Au

Ag

Bi

Pb

Zn

Hole ID

From(ft)

To(ft)

ppm

ppm

ppm

ppm

ppm

AJ-5

640

650

0.007

1.9

2

224

95

AJ-5

650

660

<0.005

3.2

2

523

247

AJ-5

660

670

<0.005

1.6

1

384

323

AJ-5

670

680

<0.005

1.2

1

348

233

AJ-5

790

800

<0.005

1.6

1

425

193

AJ-5

800

810

<0.005

1.1

1

145

223

AJ-5

810

820

0.009

1

1

80

240

AJ-5

820

830

0.009

0.9

2

36

89

AJ-5

830

840

0.005

0.8

2

44

55

Drill Results Summary:

  • The completed five hole drill program showed wide spread but sub-economic silver mineralization with two distinct rock units.
  • The anomalous silver zones are dominantly located within well oxidized, Triassic age limestone and siltstone units.
  • Highly anomalous bismuth accompanies the higher silver values.
  • Gold values are low with rare, low level anomalies which are associated with higher silver/bismuth zones.
  • All surface samples and pertinent drilling data are being compiled to determine the next phase of exploration.

About Cypress Development Corp.:

Cypress Development Corp. is a diversified precious and base metals exploration and development company with properties in Red Lake, Ontario, Canada, and in Nevada, U.S.A.

Robert Marvin, P.Geo., CPG, Exploration Manager for Cypress Development Corp. is the Qualified Person as defined by National Instrument 43-101 and is supervising both the project field work and the preparation of the technical information in this release.

To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com .

ON BEHALF OF THE BOARD OF DIRECTORS

"Don Huston"

DONALD C. HUSTON
President

For further information contact myself or:
Don Myers
Director
Cypress Development Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@cypressdevelopmentcorp.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com.



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