Cypress Acquires Additional Land At Gunman Zinc-Silver Project

VANCOUVER - Cypress Development Corp. has doubled the size of its land package through staking and has completed its Phase 2 drill program at its wholly owned 2300 acre Gunman zinc-silver-copper project in White Pine County, Nevada.

Cypress has staked an additional 56 claims tied onto the Company's existing land package to the north, east and west, increasing the Gunman project to approximately 2300 acres. The additional lode claims were staked to cover highly deformed and altered zones located during the Phase 2 sampling program and to cover additional targets being developed in alluvial covered areas to the east of the outcropping 3 kilometer long mineralization trend at the project.

The Company has now completed its 2014 Phase 2 drill program following a highly successful 2014 Phase 1 exploration and drilling program at the Gunman project. A further 11 reverse circulation delineation holes were completed at the main RH Zone for a total of 3370 feet in the Phase 2 drill program. Phase 1 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.

The Phase 2 drill program follows a systematic, detailed rock chip sampling program completed at additional targets at the Gunman property as the initial part of the 2014 Phase 2 exploration program. A total of 107 samples were collected and assayed in areas of outcrop along an identified 3 kilometer long mineralized trend at the project. The Phase 2 sampling program focused on the south central portion of the Gunman property in an area containing the RH South, Far South Copper and the TQCU Copper Targets.

The results of the 2014 Phase 2 surface sampling program are considered highly encouraging. Arsenic, bismuth, molybdenum and tungsten anomalies accompany the copper-silver-zinc mineralization in the oxidized clastic units and together suggest the possibility of an intrusive source for the mineralizing fluids. Sampling of the RH South Hill was particularly successful and definitively shows that the geologic environment and high grade mineralization at the RH South Target is nearly identical to that of the main RH Zone. Strong copper-silver mineralization in the well oxidized, basal portion of a clastic sedimentary package overlies strongly decalcified carbonate rocks which host robust zones of very high grade zinc and silver mineralization. The RH South Target has been drilled at a first pass level of detail and well mineralized intervals have been discovered there. The results of the surface sampling program strongly suggest more drilling is needed at the RH South Target due to multiple samples of bleached, decalcified limestone returning assays in the 10% to >35% zinc range and accompanied by silver values up to 228 g/t.