Cypress Development Adds Dr. Willoughby to Cypress’ Technical Advisory Board
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 21, 2017
Cypress Development Adds Dr. Willoughby to
Cypress’ Technical Advisory Board
Vancouver, BC - Cypress Development Corp. (TSX -V: CYP) (OTCBB: CYDVF)
(Frankfurt: C1Z1) (“Cypress” or the “Company”) is pleased to announce that Dr. Bill
Willoughby, PE , has agreed to join Cypress’ Technical Advisory Board . Dr.
Willoughby will assist Company management in the ongoing exploration and
development of its 100% held Dean Lithium Project in Nevada, as Cypress moves
towards a resource estimate and economic studies of the project.
Cypress Clayton Valley, Nevada Lithium Projects location map:
http://www.cypressdevelopmentcorp.com/i/maps/CYP-Clayton-topo-satalite-small.jpg
Dr. Willoughby is a mining engineer with 38 years of experience in all aspects of
mining projects, including underground and surface mining operations, process
development, technical studies, permitting and financing. Since 2014, he has been
principal, owner of Idaho-based consulting firm Willoughby & Associates, PLLC. Prior
to forming Willoughby & Associates , he was President & COO of International
Enexco Ltd. , which was acquired by Denison Mines in 2014, and was a mining
engineer with Teck/Cominco since 1989. Dr. Willoughby has been a Professional
Engineer since 1985, and received his Doctorate in Mining Engineering & Metallurgy
from the University of Idaho in 1989.
Don Huston, President of Cypress Development stated, “Bill Willoughby is an
excellent addition to the advisory board of Cypress. He brings a wealth of mineral
knowledge and professionalism to the Cypress exploration team. Dr. Willoughby’s
experience with metallurgy and surface mining operations will be a great asset to the
Company moving forward with its new discovery of Lithium on our Clayton Valley,
Nevada project.”
In other news Cypress announces, pursuant to its stock option plan, it has granted
incentive stock options to its directors, officers, employees and consultants to
purchase up to an aggregate of 260,000 common shares in the capital stock of the
Company, exercisable for a period of five years, at a price of $0.10 per share. The
Company's 10% ro lling stock option plan was approved by the shareholders at the
Annual General Meeting of the Company held on June 08, 2016.
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About Cypress Development Corp.:
Cypress Development Corp . is a publicly traded lithium and zinc exploration
company that continues to acquire and develop potentially viable mineral projects in
the State of Nevada, U.S.A.
Cypress is very active in Clayton Valley, Nevada with its team committed to
systematically exploring its Dean and Glory properties for both a lithiu m-brine
resource and expanding exploration relating to a lithium resource that exists within
the large area of non-hectorite “claystone” discovered at surface that has seen
recent high lithium assays recovered from these same “outcropping claystone”.
Cypress Development Corp. has approx. 35.0 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.
“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.
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 forward -
looking 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 o r 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. P lease see the public filings of the Company at www.sedar.com for
further information.