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Directors Re-Elected at AGM

Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTC Pink: CYDVF) (Frankfurt: C1Z1) ("Cypress" or the "Company") is pleased to announce that it held its annual general meeting on May 26, 2015. The Company reports that Donald C. Huston, James Pettit, Donald G. Myers and Amanda Chow were re-elected directors of the Company. In addition, disinterested shareholders approved the repricing of options to insiders from an exercise price of $0.50 per share to the current market price of $0.08 per share. Shareholders also re-appointed Davidson & Company, Chartered Accountants, as auditors and approved the renewal of the Company's Incentive Stock Option Plan.

About Cypress Development Corp.:

Cypress Development Corp. is a diversified precious and base metals exploration and development company with projects in Red Lake, Ontario, Canada, and in Nevada and Oregon, U.S.A. The Company has approx. 15 million share outstanding.

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

CYPRESS DEVELOPMENT CORP.

"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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