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2014-05-05

Cypress Development Corp. : Cypress' Drill Program at Gunman Zinc-Silver Project Begins in Nevada

Cypress Development Corp. / Cypress Development Corp. : Cypress' Drill Program
at Gunman Zinc-Silver ProjectBegins in Nevada . Processed and transmitted by
NASDAQ OMX Corporate Solutions.The issuer is solely responsible for the
content of this announcement.
Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4

www.cypressdevelopmentcorp.com

TSX-V Trading Symbol: CYPEmail:info@cypressdevelopmentcorp.com May 05, 2014 Vancouver, BC - Cypress Development Corp. (TSX-V:
CYP
)
(OTC Pink:CYDVF) (Frankfurt:C1Z) ("Cypress" or the "Company") is pleased to
announce that the Phase 1 2014 drill program at its wholly owned Gunman zinc
oxide project, Nevada, has started. The 1140 acre Gunman zinc-silver-gold
project is located directly west of Barrick's Bald Mountain gold mine complex
on the southern Carlin mineral trend in White Pine County, Nevada.

Southern Carlin Trend location map:
http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman-43-101.jpg

Cypress Development Corp has contracted to New Frontier Drilling of Fallon,
Nevada, to complete approximately 3000 feet of RC drilling in a Phase 1
program on the Gunman project.

President Don Huston stated: "it's time for Cypress Development to become
proactive at the Company's Gunman zinc-silver oxide project in northeast
Nevada. There is a bullish outlook for the zinc market with the tightening of
zinc mine supply world wide, illustrated by a global zinc metal deficit in
2013 for the first time in five years. Cypress believes it has a great
opportunity to duplicate the RH zinc-silver rich zone discovered at the
Gunman project in 2000 with extended drilling in 2014 to the RH North Zone "

A surface sampling program has also been initiated on the newly staked
adjacent ground which forms the northern extension of the Gunman property.
The Company's senior geologist, Mr. Robert Marvin, has mobilized to the
Gunman project and has established an exploration grid to facilitate the
systematic sampling of rock exposure on the north of the property.

Gunman zinc-silver project, Nevada claims map:
http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/Gunman2014Claim...

Cypress will continue in its exploration efforts to delineate the RH North
target area with the potential establishment of a mineralized zone similar to
the existing high grade RH zinc-silver oxide discovery zone located
approximately 1500 feet to the south in the middle of the property.

2007 Gunman zinc-silver project, Nevada drill map
:

http://www.cypressdevelopmentcorp.com/s/Image.asp?i=Maps/CYP_Gunman_2007...

Mineralization at the Gunman project appears to be controlled by a series of
well developed NNE trending fracture zones. This setting is seen in other
locations along the Carlin and the Battle Mountain gold trends where the NS
to NNE alignments of mineralized zones are located in cross cutting
structural zones within or adjacent to the main NNW striking trends. The
mineralization of the zinc-silver zones on the Gunman is located close to
surface. The very high grade of zinc-silver mineralization seen in the RH
zone is a compelling reason to continue exploration on the Gunman project.

Past surface sampling and drilling by Cypress on the Gunman property has
resulted in the discovery of a series of zones of zinc-silver mineralization
over a strike length of 2500 feet. The northern most mineralization known
(hole GD-15) on the property was discovered at the end of the most recent
drill program in 2007 and this mineralization remains essentially unexplored.

Robert Marvin, P.Geo., CPG, Exploration Manager for Cypress Development Corp.
is the Qualified Person as defined by National Instrument 43-101 and has
supervised both the project field work and the preparation of the technical
information in this release.

On March 18th, Cypress announced the completion of a National Instrument (NI)
43-101 Compliant Technical Report onthe Gunman zinc-silver-gold project. For
additional information please refer to the full report filed on SEDAR and on
Cypress' web site dated March 17, 2014 and titled: GUNMAN ZINC-SILVER PROJECT
NATIONAL INSTRUMENT 43-101 COMPLIANT TECHNICAL REPORT.

About Cypress Development Corp.:

Cypress Development Corp. is a diversified precious and base metals
exploration and development company with properties in Red Lake, Ontario,
Canada, and in Nevada, U.S.A. The Company is well funded with approximately
$1.5 million in its treasury.

To find out more about Cypress Development Corp. (TSX-V: CYP), visit our
website atwww.cypressdevelopmentcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Don Huston"

DONALD C. HUSTON
President

For further information contact myself or:
Don Myers
Director
Cypress Development Corp.
Telephone: 604-687-3376
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 atwww.sedar.comfor further information.

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cypress Development Corp. via Globenewswire

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