Cypress Increases Non Brokered Private Placement to $1.4 million

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

October 05, 2017

Cypress Increases Non Brokered Private Placement to $1.4 million

Vancouver, BC - Cypress Development Corp. (TSX -V: CYP) (OTCBB: CYDVF) (Frankfurt:

C1Z1) (“Cypress” or the “Company”) is pleased to announce, due to investor demand, it has

increased its previously announced non -brokered private placement of Units to up to

$1,400,000 CDN. The Units are being offered at a price of C$0.10 per Unit with e ach Unit

consisting of one common share of the Company and one common share purchase Warrant.

Each Warrant will entitle the holder to acquire one additional common share of the Company

at a price of $0.13 for a period of 24 months following the closing of the offering. Please see

the Company's press release s of September 13 , 20th, and October 2 nd for further details

regarding the offering.

The Company intends to utilize the proceeds from the private placement to complete a drilling

program on Cypress’ 100% held Dean and Glory Lithium Projects in Clayton Valley, Nevada

and for general working capital purposes. The private placement is subject to TSX Venture

Exchange acceptance.

Cypress Clayton Valley, Nevada Lithium Projects location map:

http://www.cypressdevelopmentcorp.com/i/maps/CYP-Clayton-topo-satalite-small.jpg

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 Development Corp. has approx. 35.5 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 Myers”

DONALD G. MYERS

Director

For further information contact myself or:

Jim Pettit

Director, CFO

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 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 filing s of the Company at www.sedar.com for further

information.