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Cypress Development Corp.

Cypress Development Corp.

Sector: Gold Ores Region: Canada


: | TSX Venture Exchange: CYP


Cypress Development Corp. is a publicly traded lithium and zinc exploration company advancing projects in the State of Nevada, U.S.A.

Cypress' flagship Glory Lithium Brine/Claystone Project is located in the heart of the Clayton Valley lithium exploration area of Esmeralda County, Nevada. The Company's Glory Project is within a 0.5 mile of lithium brine wells belonging to the Albemarle Silver Peak Mine and the property shares its western boundary with the lithium resource area of Pure Energy's Clayton Valley South project.

In August 2016, Cypress optioned its Glory Clayton Valley Project to Pure Energy Minerals with Cypress remaining the operator until Pure Energy earns a 51% interest. The agreement allows the Company to advance its flagship project while working with and utilizing the geological expertise of the Pure Energy team. A planned 2016 drilling program at Cypress' Glory Project targeting lithium-rich brines includes shallow holes targeting a wide 2 kilometer long zone of 1,100 ppm Li in a highly leachable form of lithium-rich claystone discovered at surface.

In September 2016, Cypress reached an agreement to acquire a 100% interest in the 2,700 acre Dean Lithium Brine/Claystone Project located adjacent to the Albemarle Silver Peak Mine on its western boundary, Pure Energy's resource area on its southwest boundary and Cypress' Glory Clayton Valley Project on its southern boundary.

Cypress Development's mission is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries.

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Executives

Donald C. Huston, President & CEO, Director
Don Huston serves as a Director and as President and Chief Executive Officer of Cypress Development Corp. Mr. Huston has been associated with the mineral exploration industry for over 30 years and has extensive experience as a financier and in-field manager of numerous mineral exploration projects in North America. He was born and raised in Red Lake, Ontario and spent 15 years as a geophysical contractor with C.D. Huston & Sons Ltd. as mineral exploration consultants in northern Ontario, Manitoba and Saskatchewan. Mr. Huston serves as a director of four Canadian public resource companies.
James G. Pettit, Director, CFO
Jim Pettit serves as a Director and acting Chief Financial Officer of Cypress Development Corp. Mr. Pettit is currently serving on the board of directors of five publicly traded companies and offers over 25 years of experience within the industry specializing in finance, corporate governance, executive management and compliance. Jim was previously Chairman and CEO of Bayfield Ventures Corp. which was bought by New Gold Inc. in January 2015.
Donald G. Myers, Director
Don Myers serves as a Director of Cypress Development Corp. He has over twenty years of experience in public company management and corporate communications working with companies listed on the TSX Venture, NASDAQ, and Toronto Stock Exchanges. Mr. Myers background includes holding the position of Director and Officer of several junior public companies listed on the TSX Venture Exchange.
Amanda Chow, CMA, Director
Amanda Chow serves as an independent Director of Cypress Development Corp. Ms. Chow is a Certified Management Accountant (CMA) and a graduate of Simon Fraser University where she earned her Bachelor of Business Administration degree. She began working with public companies in 1999.
Robert Marvin, P.Geo, CPG., Senior Project Geologist
Bob Marvin, P.Geo., Senior Project Geologist and Qualified Person, has been involved in mineral exploration and evaluation of lithium, gold, copper, zinc and uranium deposits throughout the Americas as an employee and as an independent consultant. He graduated from the University of New Mexico with a Bachelor of Science degree in geology in 1984. A third generation Nevada resource geologist, Bob has learned the business from the field starting at an early age. Always keen to explore high grade deposits, Bob has been involved in several successful gold-silver projects in Canada, most recently with Bayfield Ventures in the Rainy River gold district in Ontario but also at Meliadine and in the Committee Bay Belt of the far north.

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