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Cypress AGM Held - Four Directors Re-elected

Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTC Pink: CYDVF) (Frankfurt: C1Z) (the "Company") announces that it held its annual general meeting on May 29, 2014.  The Company reports that Donald C. Huston, James Pettit, Donald G. Myers and Amanda Chow were re-elected directors of the Company.  The shareholders of the Company also re-appointed Davidson & Company, Chartered Accountants, as auditors, approved the renewal of the Company's Incentive Stock Option Plan and approved to amend the exercise price of stock options previously granted to insiders.

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. The Company has approximately $1.1 million in its treasury. 

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

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