Cypress AGM Held – Four Directors Re-elected

Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4 www.cypressdevelopmentcorp.com

TSX-V Trading Symbol: CYP Telephone: (604) 687-3376 Email: [email protected] Facsimile: (604) 687-3119

NEWS RELEASE

May 30, 2014

Cypress AGM Held – Four Directors Re-elected

Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTC Pink: CYDVF) (Frankfurt: C1Z) (the “Company”) announces that it held its annual general meeting on May 29, 2014. The Company reports that Donald C. Huston, James Pettit, Donald G. Myers and Amanda Chow were re-elected directors of the Company. The shareholders of the Company also re-appointed Davidson & Company, Chartered Accountants, as auditors, approved the renewal of the Company's Incentive Stock Option Plan and approved to amend the exercise price of stock options previously granted to insiders.

About Cypress Development Corp.:

Cypress Development Corp. is a diversified precious and base metals exploration and development company with properties in Red Lake, Ontario, Canada, and in Nevada, U.S.A. The Company has approximately $1.1 million in its treasury.

To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com.

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] NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.