Cypress Development Grants Stock Options
Suite 2230 – 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8 www.cypressdevelopmentcorp.com
TSX-V Trading Symbol: CYP Telephone: (604) 687-3376 Email: [email protected] Facsimile: (604) 687-3119
NEWS RELEASE
January 11, 2010
Cypress Development Grants Stock Options
Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) announces it has granted incentive stock options to its various directors, officers, management, and Company employees to purchase up to an aggregate of 2,550,000 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.19 per share. The Company’s 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held on May 21, 2009. These options are subject to a four-month hold period.
About Cypress Development Corp.:
Cypress Development Corp. is a diversified precious and base metal exploration and development company with properties in Red Lake, Ontario, Canada, and in Nevada, U.S.A.
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.
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