Cypress Development Announces Appointments of New Chair, Director and President
NEWS RELEASE TSX.V: CYP | OTCQB: CYDVF
CYPRESS DEVELOPMENT ANNOUNCES APPOINTMENTS OF NEW CHAIR,
DIRECTOR AND PRESIDENT
August 27, 2021 - Vancouver, Canada - Cypress Development Corp. (TSX.V: CYP) ( OTCQB:
CYDVF) (Frankfurt: C1Z1) (“Cypress” or “the Company”) is pleased to announce the appointment
of Ms. Cassandra Joseph as non-executive Chair and Mr. Bryan Disher as non-executive director
to its Board of Directors (“Board”) effective immediately. Ms. Joseph will succeed Mr. Donald C.
Huston, previous Chairman and President , who will remain on the Board as a non-executive
director. In addition, the Company wishes to announce that Dr. William Willoughby will assume the
role of President in addition to his role as Chief Executive Officer (“CEO”) with immediate effect.
“Cassandra’s extensive legal, commercial, and corporate experience provide the perfect
background for her to lead our Board as we move the Company forward through feasibility and
beyond, stated Dr. Willoughby, President and CEO of Cypress. “ We thank Don Hus ton for his
years of service and immeasurable contributions to the Company and look forward to his
continued guidance as a director.”
Ms. Joseph joined the Cypress Board on June 1, 2021, and Dr. Willoughby has been serving as the
Company’s CEO since 2017. Ms. Joseph is an attorney with over 20 years of legal experience, in
mining, environmental and corporate law. She has diverse experience delivering practical legal
advice in both the public and private sectors.
Mr. Disher is a retired partner from PwC Canada and has 37 years of experience with the firm's
practices in Canada, Australia, and Ukraine. He has assisted companies with public offerings in
Canada and the United States, acquisitions, financial reporting, regulatory compliance, and
governance. He served on the Board of Directors of PwC Canada for eight years, including a term
as Chair. Mr. Disher currently serves as a Director for Rubicon Organics Inc. and Minds + Machines
Group Limited and previously as a Director of Balmoral Resources Ltd. Mr. Disher is a CPA, CA
and holds a Bachelor of Business Administration from the University of New Brunswick.
“Bryan’s extensive experience in financial reporting, regulatory compliance and governance will
be a n addition to the Board as we seek to execute on our development strategy for Clayton
Valley”, stated Dr. Willoughby.
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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 June 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 & CEO
For further information, please contact:
Spiros Cacos | Vice President, Investor Relations
Direct: +1 604 764 1851 | Toll Free: 1 800 567 8181
www.cypressdevelopmentcorp.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Cautionary Note Regarding Forward-Looking Statements
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 forwa rd-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 or developments may differ m aterially 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. Please see the
public filings of the Company at www.sedar.com for further information.