Cypress Development Re-Elects Five Directors at AGM
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4 www.cypressdevelopmentcorp.com
TSX Venture Exchange Symbol: CYP Telephone: (604) 687-3376 Email: [email protected] Facsimile: (604) 687-3119
NEWS RELEASE
October 15, 2020
Cypress Development Re-Elects Five Directors at AGM
Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF)
| (Frankfurt: C1Z1) (“Cypress” or “the Company”) | is pleased to announce that it held | |
| its annual general meeting on October 14, 2020. The Company reports that William | ||
| Willoughby, Donald Huston, James Pettit, Donald Myers and Amanda Chow were re- | ||
| elected directors of the Company. Shareholders also approved the Company’s | ||
| Shareholder Rights Plan (see news release September 3rd), the | re-appointment of | |
| 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 publicly traded exploration company focused on developing the Company’s 100%-owned Clayton Valley Lithium Project in Nevada. Exploration and development by Cypress discovered a world-class resource of lithiumbearing claystone adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation. The size of the resource makes the Clayton Valley Project a premier source that has the potential to impact the supply of lithium for the fast-growing global energy storage battery market.
Cypress Development Corp. has approximately 95.5 million shares issued and outstanding.
To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com.
CYPRESS DEVELOPMENT CORP.
“Dr. Bill Willoughby”
WILLIAM WILLOUGHBY, PhD., PE
Chief Executive Officer
For further information contact myself or:
Don Myers Cypress Development Corp.
Director, Corporate Communications
Telephone: 604-639-3851 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: [email protected]
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 release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forwardlooking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.