Cypress Options 1,520-acre Lithium Property in Clayton Valley, Nevada to Pure Energy Minerals - Seite 2

The Property is currently held in good standing under option by Cypress from a private party. The underlying option includes a provision for a 3% royalty on future lithium production from the Property, of which a 2% royalty may be purchased by Cypress for the sum of US$1,000,000. The parties have acknowledged in the agreement that Cypress will be responsible for meeting the share and cash requirements of that underlying option agreement. Under the Option Agreement, Cypress will act as project manager on the claims for the first year's exploration program.

Upon completion of one or both of the options, the parties shall enter into a joint venture agreement for the further exploration of the Property, and Pure Energy shall serve as Operator.

A finder's fee will be paid to Jordan Trimble in the maximum allowed under TSX Venture Exchange Policy 5.1 in connection with this transaction.

Robert Marvin, P.Geo, Exploration Manager for Cypress Development Corp. is the Qualified Person as defined by National Instrument 43-101 and has approved of the technical information in this release.

About Cypress Development Corp.:

Cypress development Corp is a publicly traded lithium and zinc exploration company that continues to acquire and develop potentially viable mineral projects.

Cypress is very active in Clayton Valley, Nevada with its team committed to systematically exploring its property for both a lithium-brine resource, and expanding  exploration relating to the potential for lithium that exists within the recently discovered "claystones", that has seen recent high grade lithium assays  recovered from these same "claystones".

1. Cypress has an ideally located land position with excellent existing infrastructure in a first-class mining jurisdiction: in the southern half of Clayton Valley, Esmeralda County, Nevada;
2. Adjacent to the only producing lithium brine operation in the United States (Albemarle's Silver Peak lithium mine);
3. The Cypress property being optioned to Pure Energy Minerals abuts PE's inferred mineral resource of 816,000 metric tonnes of Lithium Carbonate Equivalent (LCE), reported in accordance with NI 43-101;

Cypress Development Corp. has approx. 25.6 million shares issued and outstanding.