Phase 2 Drill Program Begins at Gunman Project

VANCOUVER, BC - Cypress Development Corp. reported its Phase 2 drill program has commenced at its wholly owned 1140 acre Gunman zinc-silver-copper project in White Pine County, Nevada.

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 Phase 1 delineation drilling at the main 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 2014 Phase 2 drill program at the main RH Zone will consist of approximately 3000 feet of further delineation RC drilling at specific zinc and silver oxide targets.

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 very high grade zinc and silver drill intercepts returned from the 2014 Phase 1 drill program at the main RH Zone, with new exposures of the mineralization, has led to the conclusion that the spectacular at surface oxide mineralization is likely a high grade polymetallic vein and breccia system and represents a very high quality zinc-silver-copper project located in a very favorable geologic environment.