Cypress Development Re-Elects Five Directors at AGM
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
July 20, 2018
Cypress Development Re-Elects Five Directors at AGM
Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF)
(Frankfurt: C1Z1) (“Cypress” or the “Company”) is pleased to announce that it held
its annual general meeting on July 18, 2018. The Company reports that William
Willoughby, Donald Huston, James Pettit, Donald Myers and Amanda Chow 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. Disinterested shareholders also approved
the issuance of shares for professional services, as described in the information
circular, to compensate Willoughby & Associates, PLLC, a private professional
limited liability company controlled by William W. Willoughby, CEO and a director of
the Company.
About Cypress Development Corp.:
Cypress Development Corp. is a publicly traded exploration company focused on
developing the Company's 100%-held Clayton Valley Lithium Project in the State of
Nevada, U.S.A.
Cypress' Clayton Valley Lithium Project is located immediately east of Albemarle's
Silver Peak mine, North America's only lithium brine operation. Recent exploration by
Cypress has discovered an extensive deposit of lithium-bearing claystone adjacent
to the brine field. With mineralization tested by drilling over a seven-kilometer trend,
the size of the deposit makes Clayton Valley a premier target that has the potential to
impact the future of lithium production in North America.
Cypress Development Corp. has approx. 61.0 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.
“Dr. Bill Willoughby”
WILLIAM WILLOUGHBY, PhD., PE
2
Chief Executive Officer
For further information contact myself or:
Don Myers
Cypress Development Corp.
Director, Corporate Communications
Telephone: 604-639-3851
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 t hat may be deemed to be "forward-looking
statements". All statements in this release, ot her than statements of hi storical facts, that
address events or developments that managem ent of the Company expects, are forward-
looking statements. Although management be lieves the expectations expressed in such
forward-looking statements are based on reasona ble 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 Company undertakes no obligation to
update these forward-looking statements if management's beliefs, estimates or opinions, or
other factors, should change. Fact ors that could cause actual results to differ materially from
those in forward-looking statements, includ e market prices, exploration and development
successes, continued av ailability 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.