1. Name and Address of Company Cypress Development Corp.
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Form 51-102F3
Material Change Report
1. Name and Address of Company
Cypress Development Corp.
Suite 1610 - 777 Dunsmuir Street
Vancouver, BC, Canada, V7Y 1K4
(the “Company”)
2. Dates of Material Change(s)
November 18th, 2021
3. News Release(s)
A news release was issued on November 18th, 2021 and disseminated by Globe
Newswire pursuant to section 7.1 of National Instrument 51–102.
4. Summaries of Material Changes
CYPRESS DEVELOPMENT ANNOUNCES CHANGE TO BOARD OF DIRECTORS
5. Full Description of Material Changes
News Release dated November 18th, 2021– See Schedule “A”.
6. Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
7. Omitted Information
No information has been omitted.
8. Executive Officer
Mr. William Willoughby, President & CEO of the Company, is knowledgeable
about the material change contained herein and may be reached at (604) 687-
3376.
9. Date of Report
This report is dated November 19th 2021
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SCHEDULE “A”
to the Material Change Report dated November 19th, 2021
NEWS RELEASE TSXV: CYP | OTCQB:
CYDVF
NEWS RELEASE
CYPRESS DEVELOPMENT ANNOUNCES CHANGE TO BOARD OF DIRECTORS
November 18, 2021 - Vancouver, Canada - Cypress Development Corp. (TSXV: CYP) (OTCQB:
CYDVF) (Frankfurt: C1Z1) (“Cypress” or “the Company”) announces that Mr. Donald Huston and
Ms. Amanda Chow have resigned from the Board of Directors of the Company effective today.
The Company would like to sincerely thank Mr. Huston and Ms. Chow for their invaluable
contributions and service to the Company.
“Don has served on Cypress’ Board of Directors as well as its President since the Company’s
inception in 1997,” said Cassandra Joseph, Chair of the Company. “Over this time, Don played a
critical role in the developments of the Company, drawing on a wealth of experience gained
over a long and successful business career. I would also like to thank Amanda for her valuable
contributions to the success and growth of the Company. On behalf of the board of directors,
the management team, and our shareholders, I thank Don and Amanda and wish them all the
best in the future.”
About Cypress Development Corp
Cypress Development Corp. is a Canadian advanced stage lithium exploration company, focused
on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA. Work completed
by Cypress led to the discovery of a world-class resource of lithium-bearing claystone adjacent
to the Albemarle Silver Peak mine, North America's only lithium brine operation. The results of a
positive Pre-Feasibility Study for the Clayton Valley Lithium Project were announced by Cypress
Development in August 2020. Cypress Development trades on the TSX Venture Exchange under
the symbol CYP, and on the OTCQB under the symbol CYDVF.
ON BEHALF OF CYPRESS DEVELOPMENT CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer
For further information, please contact:
Spiros Cacos | Vice President, Investor Relations
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Direct: +1 604 764 1851 | Toll Free: 1 800 567 8181 | Email
www.cypressdevelopmentcorp.com
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RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.