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LCE.V ·

Cassandra Joseph Joins Cypress Development’s Board of Directors

Management Changes

Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4

www.cypressdevelopmentcorp.com

TSX Venture Exchange Symbol: CYP

Email: [email protected]

Telephone: (604) 687-3376

Facsimile: (604) 687-3119

NEWS RELEASE

June 02, 2021

Cassandra Joseph Joins Cypress Development’s Board of Directors

Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF)

(Frankfurt: C1Z1) (“Cypress” or “the Company”) is pleased to announce th at

Cassandra Joseph, Esq., has been appointed to the Company’s Board of Directors.

Ms. Joseph is an attorney with more than 20 years of experience working in the U.S.

in natural resource, environmental and corporate law. She is presently Senior Vice

President, General Counsel and Corporate Secretary for Nevada Copper Corp., and

Director and Chair of the Governance and Nomination Committee of Bunker Hill Mining

Corp. A resident of Nevada, she previously was Associate General Counsel for Tahoe

Resources Inc. , and worked for the Attorney Generals of California and Nevada,

including as a Senior Deputy Attorney General for the Nevada Attorney Generals’

Office representing the Nevada Division of Environmental Protection, Division of Water

Resources and other agencies within the Department of Natural Resources. She was

a partner in Watson Rounds PLC (now Brownstein Hyatt Farber Schreck LLP) where

she litigated intellectual property cases. She holds a J.D. from Santa Clara University

School of Law and a B.A. from U.C. Berkeley.

“We are pleased to welcome Cassandra to the Cypress Board of Directors ” said

Cypress CEO Bill Willoughby. “We look forward to her many contributions as we move

our Clayton Valley Lithium Project in Nevada to wards a feasibility study and

permitting”.

About Cypress Development Corp.:

Cypress Development Corp. is a publicly traded company focused on developing its

100%-owned Clayton Valley Lithium Project in Nevada , USA. Exploration and

development by Cypress lead 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 size of the resource makes the Clayton Valley Project a

premier American source that has the potential to impact the supply of lithium for the

fast-growing energy storage battery market.

Clayton Valley Lithium Project, Nevada claims map:

2

https://www.cypressdevelopmentcorp.com/site/assets/files/3573/cyp_cypress_-

_albemarle_properties_map.jpg

To find out more about Cypress Development Corp. (TSX -V: CYP), please 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, oth er than statements of historical facts, that

address events or developments that management of the Company expects, are forward -

looking statements. Although management believes the expectations expressed in such

forward-looking statements are based on reas onable 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 statem ents 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.