Cypress Development to Extend Warrants, Attends 9th Lithium Supply & Markets Conference in Montreal
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 29, 2017) - Cypress Development Corp. (TSX
VENTURE:CYP)(OTCBB:CYDVF)(FRANKFURT:C1Z1) ("Cypress" or the "Company")
proposes to extend 910,000 warrants previously issued in a June 2016 private placement at a price of $0.15 and expiring June
29th, 2017. These warrants will now be exercisable until June 29th, 2018 at the same price of $0.15 per warrant.
These changes are subject to the acceptance of the TSX Venture Exchange.
In other news, Cypress' management will be attending the 9th Lithium Supply & Markets Conference in Montreal from
May 30th to June 1st. The lithium market has continued to develop after huge growth in 2016. Investment is
prominent and demand remains high as lithium continues to be a key mineral in major applications, such as batteries and electric
cars. Speakers will share exclusive insight into industry advancements, with new research and developments remaining a key
topic. A focus on new lithium supplies will also be high on the agenda as growth in demand and upward price pressure
continues.
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 is very active in Clayton Valley, Nevada with its team committed to systematically exploring its properties for both a
lithium-brine resource and expanding exploration relating to a lithium resource that exists within the large area of
non-hectorite "claystone" discovered at surface that has seen recent high lithium assays recovered from these same "outcropping
claystone".
Cypress Clayton Valley, Nevada Lithium Projects location map: www.cypressdevelopmentcorp.com/i/maps/CYP-Clayton-topo-satalite-small.jpg.
Cypress Development Corp. has approx. 35.0 million shares issued and outstanding.
To find out more about Cypress Development Corp. (TSX VENTURE:CYP), visit our website at www.cypressdevelopmentcorp.com.
CYPRESS DEVELOPMENT CORP.
DONALD C. HUSTON, President
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 forward-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 materially 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 filings of the Company at www.sedar.com for further
information.