Cypress Expands Lithium Trend by over 2 Kilometers at Clayton Valley Project, Nevada

VANCOUVER, British Columbia, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Cypress Development Corp. (TSX-V:CYP) (OTCBB:CYDVF) (Frankfurt:C1Z1) ("Cypress" or the "Company") is pleased to report results from the first four core holes on the Glory claims at the Company's 100% held  project in Clayton Valley, Nevada. The drilling extends the trend of lithium mineralization by more than 2 kilometers south and west from the Dean claims, where, as previously reported, 14 drill holes in 2017 encountered lithium-bearing claystone over an area averaging 4 kilometers by 2 kilometers and averaging 78 meters in depth.  The four holes reported today represent the first drilling on the Glory claims. All four holes encountered lithium values averaging from 600 to 900 ppm Li from surface to depths up to 60 meters.    

Clayton Valley Project Location Map: 
https://www.cypressdevelopmentcorp.com/site/assets/files/3548/cyp-clay ...

Highlights:

• Lithium values were encountered in all 4 core holes at Glory, including 47.5 meters of 927ppm Li in GCH-04
• The results extend the trend of mineralization by more than 2 kilometers south and west of Dean, further demonstrating the large lateral extents of the lithium-bearing claystone
• Given success of its drill program, Cypress will recommence drilling shortly with details forthcoming
• An independent resource estimate is underway

Drill Hole Location Map:
https://www.cypressdevelopmentcorp.com/site/assets/files/3573/cyp_dean ...

TABLE. Summary of Glory Drill Holes GCH-1 to GCH-4:

Glory Hole	From	To	Length	Min Li	Max Li	Li Average
	(m)	(m)	(m)	(ppm)	(ppm)	(ppm)
Hole GCH-1	0	32.9	32.9	446	761	606
Hole GCH-2	0	39.0	39.0	166	1213	702
Hole GCH-3	1.5	60.4	58.8	308	972	659
Hole GCH-4	3.7	51.2	47.5	498	1276	927

Notes: Li=Lithium Metal, ppm=parts per million, m=meters, Average is weighted value by sample length. All samples were submitted to Bureau Veritas in Reno, Nevada, for analysis. Blind sample blanks were inserted into the sample sequences at a rate of approximately 1 per 20 samples.