Cypress Development Re-Elects Five Directors at AGM
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4
www.cypressdevelopmentcorp.com
TSX-V Trading Symbol: CYP
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
NEWS RELEASE
July 11, 2017
Cypress Development Re-Elects Five Directors at AGM
Vancouver, BC - Cypress Development Corp. (TSX -V: CYP) (OTCBB: CYDVF)
(Frankfurt: C1Z1) (“Cypress” or the “Company ”) is pleased to announce that it held
its annual general meeting on July 10, 201 7. The Company reports that Donald
Huston, James Pettit, Donald Myers , Amanda Chow and Robert Marvin were re -
elected directors of the Company. Shareholders also re -appointed Davidson &
Company, Chartered Accountants, as auditors and approved the renewal of the
Company's Incentive Stock Option Plan.
In other news Cypress announces, pursuant to its stock option plan, it has granted
incentive stock options to its directors, off icers, 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% rolling stock option plan was approved by the shareholders at the
Annual General Meeting of the Company held on July 10, 2017.
About Cypress Development Corp.:
Cypress Development Corp. is a publicly traded lithium and zinc exploration
company that continues to acquire and develop potentially v iable 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 lithium -brine
resource and expanding exploration relating t o a lithium resource that exists within
the large area of non -hectorite "mudstone" discovered at surface that has seen
recent high lithium assays recovered from these same "outcropping mudstone".
Cypress Clayton Valley, Nevada Lithium Projects location map:
http://www.cypressdevelopmentcorp.com/i/maps/CYP-Clayton-topo-satalite-small.jpg
To find out more about Cypress Development Corp. (TSX -V: CYP), visit our website
at www.cypressdevelopmentcorp.com.
2
Cypress Development Corp. has approx. 35.0 million shares issued and outstanding.
CYPRESS DEVELOPMENT CORP.
“Don Myers”
DONALD G. MYERS
Director
For further information contact myself or:
Don Huston
President & CEO
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 expectati ons 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 materially
from those in the forward -looking statements. The Compa ny 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, i nclude 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.