VANCOUVER, British Columbia, April 19, 2018 (GLOBE NEWSWIRE) -- Cypress Development Corp.
(TSX-V:CYP) (OTCPINK:CYDVF) (Frankfurt:C1Z1) (“Cypress” or the “Company”) announces, at the request of IIROC, that the Company
wishes to confirm that Cypress’ management is unaware of any material change in the Company’s operations that have not been
disclosed that would account for the recent increase in market activity.
About Cypress Development Corp.:
Cypress Development Corp. is a publicly traded exploration company focused on developing the Company’s
100%-owned Clayton Valley lithium project in the State of Nevada, U.S.A.
Cypress' Dean & Glory Lithium Project is located immediately east of Albemarle’s Silver Peak mine, North
America’s only lithium brine operation. Recent exploration by Cypress has discovered an extensive deposit of lithium-bearing
claystone adjacent to the brine field. With mineralization tested by drilling over a seven-kilometer trend, the apparent size of
the Dean & Glory deposit makes Clayton Valley a premier target that has the potential to impact the future of lithium production in
North America.
Cypress Development Corp. has approx. 57.0 million shares issued and outstanding.
To find out more about Cypress Development Corp. (TSX-V:CYP), visit our website at www.cypressdevelopmentcorp.com.
CYPRESS DEVELOPMENT CORP.
“Dr. Bill Willoughby”
WILLIAM WILLOUGHBY, PhD., PE
Chief Executive Officer
For further information contact myself or:
Don Myers
Cypress Development Corp.
Director, Corporate Communication
Telephone: 604-639-3851
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@cypressdevelopmentcorp.com
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.