Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) announces the commencement of a geophysical work program on its 420 acre Twenty-One Silver-Gold claims located in Mineral County, west central Nevada. A grid has now been established on the Twenty-One claim group and a detailed magnetometer survey consisting of approximately 25 to 30 line miles is in progress at this time.

Twenty One Silver-Gold project location map:

http://www.cypressdevelopmentcorp.com/i/maps/21/Twenty-One-Silver-Gold-Location-Map.jpg

The detailed magnetic data being collected will enhance known drill targets on the Twenty-One property. Further mapping and rock sampling will also be carried out at this time. The company anticipates a reverse circulation drill program of approximately 1500 -- 2000 metres to follow compilation of data from the current program in February.

This survey will add specific geophysical information for the detailed targeting of magnetite alteration within carbonate host rocks.  The carbonate rocks lie below a silicified and brecciated cap unit which is cut by a series of parallel quartz veins containing very high grade silver-lead-gold mineralization. 

The only exploration on the property to date consists of a series of historic pits and shafts and recent surface sampling by Cypress. Grab samples of the exposed vein materialof exposed quartz breccia veins have returned assay values from 211 g/t (6.5 ounces) silver to 1141 g/t (34.5 ounces) silver and up to 2 g/t gold. The silver mineralization is accompanied by very high lead values as well asarsenic, zinc, bismuth and tellurium. Andesitic and rhyolite sills, plugs, and dikes occur on the Twenty-One Silver-Gold property.

The target of the Cypress exploration program are silver-gold rich, base metal bearing carbonate replacement deposits and or skarn type mineralization hosted within Triassic age carbonate rocks.  The property covers the contiguous E-NE extension of silver and gold mineralization mined at the Mindora deposit. It is further reported that molybdenum mineralization within felsic intrusive rocks was encountered in deeper holes drilled at Mindora.

The Twenty-One property lies along a NE trending corridor which contains both pre- Tertiary silver and base metal mineralization as well as Tertiary age gold-silver mineralization.  Significant production has occurred at the Santa Fe Mine located 15 miles NE of the Twenty-One property.  Advanced exploration for porphyry molybdenum and copper has occurred between Cypress's Twenty-One and the Santa Fe properties.

Twenty One Silver-Gold project production trend map:

http://www.cypressdevelopmentcorp.com/i/maps/21/Twenty-One-Silver-Gold-Production-Trend.jpg

The overall geologic setting and known mineralization along this under explored mineral trend bear close resemblance to the setting of the productive area around the Coeur Rochester-Relief Canyon area east of Lovelock Nevada.  Other highly favorable characteristics at the Twenty-One property include the known existence of a large area of very shallow pediment gravel cover over potentially mineralized rocks and the known presence of an area containing a silver mineralized jasperoid subcrop located 1500 feet north of the exposed silver-lead-gold bearing quartz veins.  In summary, the Twenty-One property presents a large target area similar to those explored during the great shallow oxide mineralization exploration boom in Nevada in the 1980's.

The Twenty-One Silver-Gold Project is located in Mineral County, approximately 100 miles southeast of Carson City, Nevada. The property sits 3 miles south of the pavement of US Highway 95. Access to the property is by dirt track roads. The Twenty-One Silver-Gold Project consists of two blocks of lode claims centered on an area of outcropping. High voltage power lines run along highway 95 providing excellent infrastructure to the project area.

About Cypress Development Corp.:

Cypress Development Corp. is a diversified precious and base metal exploration and development company with properties in Red Lake, Ontario, Canada, and in Nevada, U.S.A. 

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

To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.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 news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com