Cypress Receives Phase 2 Drilling Permits 

VANCOUVER - Cypress Development Corp. has been advised by the Bureau of Land Management (BLM) Nevada that Cypress` application of a Notice of Intent to conduct a Phase 2 drilling and exploration program at its wholly owned 1140 acre Gunman zinc-silver-gold project in White Pine County, Nevada has been approved.

Following a highly successful 2014 Phase 1 exploration and drilling program at the Gunman project, Cypress is moving forward with a Phase 2 drill program. The very high grade zinc and silver drill intercepts returned from Phase 1 drilling at the RH Zone, with new exposures of the mineralization, has led to the conclusion that the spectacular oxide mineralization is likely a high grade polymetallic vein and breccia system and represents a very high quality zinc-silver project located in a very favorable geologic environment.

2014 Phase 1 delineation drilling at the RH Zone returned long, continuous intervals of very high grade, near surface oxidized zinc and silver mineralization. Highlights include Hole GMRC-9 which returned a 175 foot down hole interval of 12% zinc and 121 g/t silver and Hole GMRC-5 which retuned a 55 foot interval of 21% zinc and 147 g/t silver.