Cypress Development Share Issuance for 21 Silver Gold Claims, Nevada
Suite 2230 – 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8 www.cypressdevelopmentcorp.com
TSX-V Trading Symbol: CYP Telephone: (604) 687-3376 Email: [email protected] Facsimile: (604) 687-3119
NEWS RELEASE
January 20, 2011
Cypress Development Share Issuance for 21 Silver Gold Claims, Nevada
Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) announces that it has issued 50,000 common shares and paid the sum of $7500 in connection with its Property Option Agreement dated January 14, 2010 with Robert D. Marvin, whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter royalty, in The Twenty-One Silver Gold Claims located in Mineral County, west central Nevada (the “Property”).
Twenty One Silver-Gold project location map:
http://www.cypressdevelopmentcorp.com/i/maps/21/Twenty-One-Silver-Gold- Production-Trend.jpg
The common shares issued are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring May 12, 2011.
Cypress Development recently entered into amending agreement with Mr. Marvin wherein the Company was granted a six-month extension to complete its planned winter/spring exploration program on the Property.
In order to earn a 100% interest in the Property, the Company must make the final share issuance and cash payment of 50,000 common shares and $7,500 by January 14, 2012, and incur a total of $250,000 in exploration expenditures by January 14, 2013.
About Cypress Development Corp.:
Cypress Development Corp. is a diversified precious and base metal exploration and development company with properties in Red Lake, Ontario, Canada, and in Nevada, U.S.A.
To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com.
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ON BEHALF OF THE BOARD OF DIRECTORS
“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: [email protected]
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