Cypress Drilling at Gunman Zinc-Silver Project

  

VANCOUVER - Cypress Development Corp. has commissioned an independent NI 43-101 Technical Report and has staked an additional 27 claims on strike to the immediate north and south of the Company's wholly owned Gunman zinc-silver project located on a well-developed N-S structural zone linking between the Carlin and Battle Mountain mineral trends. The property sits directly west of Barrick's Bald Mountain gold mine complex in White Pine County, Nevada.

With the majority of past drilling on the Gunman project predating National Instrument (NI) 43-101 (Standards of Disclosure for Mineral Projects), Cypress has commissioned Riverbend Geological Services of Beausejour, Manitoba to complete an independent NI 43-101 Technical Report. The Technical Report and recommendations will be used by Cypress in the planning of a RC drill program in order to complete an independent NI 43-101 Compliant Resource Estimate on the Gunman RH Zone. The Company anticipates that this drill program will commence in early April.

A strike length of approximately 2 miles (south to north) has been staked to allow Cypress to effectively explore for additional high grade zinc-silver oxide and sulphide mineralization along the contact of Permian age carbonate-clastic units and recent gravels created by a range front normal fault. The mineralized carbonate unit at the Gunman project is localized within the east limb of a fault bounded syncline. The shallow mineralization consists of very high grade zinc-silver oxides and local sulphides along with arsenic, gold and mercury mineralization within karsted and strongly oxidized, Permian age silty limestone host rocks. The dominant surface expression of the known zone is a series of jasperiod outcrops and subcrops. These jasperiods are anomalous in zinc-silver-arsenic-gold-antimony and mercury.