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2014-04-22

Cypress Development Corp. : Cypress Gunman Zinc-Silver Project Exploration Begins in Nevada

Cypress Development Corp. / Cypress Development Corp. : Cypress Gunman
Zinc-Silver Project ExplorationBegins 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

April 22, 2014

Vancouver, BC - Cypress Development Corp. (TSX-V:
CYP
)
(OTC Pink:CYDVF) (Frankfurt:C1Z) ("Cypress" or the "Company") is pleased to
announce that the spring 2014 exploration program on its wholly owned Gunman
zinc oxide project, Nevada, has now been initiated. 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

With the approval of the Bureau of Land Management (BLM) Nevada, Cypress has
completed construction of access roads onto the property to allow for
unrestricted mobility to the project. The Company is also establishing drill
pads at specifically determined sites to allow for the drill contractor to
move a Reverse Circulation (RC) drill rig onto the drill pads with relative
ease and with a minimum of land disturbance therein facilitating a smooth
start to the planned RC drill program announced by Cypress in a news release
dated February 3, 1014.

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. New Frontier will supply a track-mounted
Foremost reverse circulation rig capable of drilling vertical holes to 600
foot depths. Cypress anticipates the mobilization of the drill rig and
equipment to the Gunman project site shortly, with RC drilling to commence
around May 1, 2014. All permits and environmental protocols have been
satisfied and Cypress Development anticipates a well organized initial
exploration program for the spring of 2014.

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 is establishing 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.

On March 18th, Cypress announced the completion of a National Instrument (NI)
43-101 Compliant Technical Report on the 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.

Significant zinc and silver assays previously reported by Cypress from the
Gunman project include:

------------------------------------------------------
|Hole ID From To Intersection Zn Ag |
|GM-01 115ft 215ft 100ft 4.91% 1.0 oz/ton |
|Incl. 165ft 185ft 20ft 19.62% 3.5 oz/ton |
|and 355ft 385ft 30ft 10.03% 3.9 oz/ton |
|Incl. 355ft 365ft 10ft 23.37% 9.2 oz/ton |
|GM-07 70ft 205ft 135ft 6.98% 1.3 oz/ton |
|Incl. 115ft 150ft 35ft 14.73% 2.5 oz/ton |
|Incl. 185ft 195ft 10ft 21.68% 3.1 oz/ton |
|GM-08 130ft 250ft 120ft 2.69% 1.5 oz/ton |
|Incl. 185ft 205ft 20ft 12.61% 3.8 oz/ton |
|GM-09 120ft 345ft 225ft 4.01% 0.9 oz/ton |
|Incl. 175ft 190ft 15ft 14.67% 2.4 oz/ton |
|Incl. 245ft 260ft 15ft 11.98% 1.9 oz/ton |
|GM-25 150ft 155ft 5ft 6.17% 0.4 oz/ton |
|GM-26 0ft 250ft 250ft 11.04% 2.6 oz/ton |
|Incl. 130ft 205ft 75ft 26.88% 7.7 oz/ton |
|Incl. 175ft 180ft 5ft 33.45% 15.1 oz/ton |
|Incl. 190ft 200ft 10ft 29.34% 12.9 oz/ton |
|GM-27 0ft 250ft 250ft 2.81% 0.5 oz/ton |
|Incl. 185ft 200ft 15ft 14.36% 2.3 oz/ton |
|Incl. 195ft 200ft 5ft 28.53% 2.7 oz/ton |
|GM-28 0ft 210ft 210ft 8.12% 1.3 oz/ton |
|Incl. 85ft 175ft 90ft 14.18% 2.5 oz/ton |
|Incl. 135ft 170ft 35ft 20.93% 3.1 oz/ton |
|GM-29 0ft 270ft 270ft 2.45% 0.6 oz/ton |
|Incl. 40ft 65ft 25ft 10.30% 1.6 oz/ton |
|Incl. 140ft 160ft 20ft 9.07% 1.6 oz/ton |
|GM-30 30ft 65ft 35ft 5.01% 0.7 oz/ton |
|Incl. 35ft 50ft 15ft 11.17% 1.3 oz/ton |
|GM-31 40ft 85ft 45ft 3.50% 0.6 oz/ton |
|Incl. 45ft 55ft 10ft 13.60% 1.7 oz/ton |
|GM-32 50ft 170ft 120ft 9.10% 1.5 oz/ton |
|Incl. 75ft 130ft 55ft 16.51% 2.3 oz/ton |
|Incl. 100ft 125ft 25ft 22.63% 1.9 oz/ton |
------------------------------------------------------

*oz = troy ounce

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.

In other news, Cypress Development and Skyharbour Resources Ltd.(TSX-V:
SYH)announce that they have completed the sale of Skyharbour's 20% interest
in the 4,720-acre McKenzie Island gold property in Red Lake, Ontario to
Cypress pursuant to the companies news releases dated March 18, 2014. In
consideration for the 20% interest, Cypress has paid $25,000 in cash to
Skyharbour. Cypress now holds a 100% interest in the McKenzie Island gold
property.

Location map of McKenzie Island Red Lake gold property:
http://www.cypressdevelopmentcorp.com/s/Image.asp?i=maps/CYP-Broulan-Ree...

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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