Cypress Development Grants Incentive Stock Options
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
August 13, 2019
Cypress Development Grants Incentive Stock Options
Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or “the Company”) has granted an aggregate of 1,550,000 incentive stock options (the "Options") to officers, directors and consultants of the Company. The Options are exercisable at $0.18 per share for a period of five years from the date of grant. The Options have been granted under and are governed by the terms 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 has discovered a world-class resource of lithium-bearing claystone adjacent to Albemarle's Silver Peak mine, North America's
| only lithium brine operation. | The size of the resource makes the Clayton Valley |
| Project a premier target that has the potential to impact the future supply of lithium | |
| for the fast-growing global lithium-ion battery market. |
Cypress Development Corp. has approx. 81.2 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.