Cypress Development Corp.
TSX VENTURE : CYP
FRANKFURT : C1Z

Cypress Development Corp.

February 18, 2010 14:39 ET

Cypress Development Corp.: First Option Payment to Earn 100% of Twenty-One Silver-Gold Project in Mineral County, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 18, 2010) - Cypress Development Corp. (TSX VENTURE:CYP) (FRANKFURT:C1Z) (the "Company") announces that, further to its news release dated January 29, 2010, it has issued 50,000 common shares and paid the sum of $7,500 to Robert D. Marvin. The share issuance and cash payment were made in connection with a Property Option Agreement dated January 14, 2010 wherein the Company has been granted an option to earn a 100% interest in the Twenty-One Silver-Gold Project located in Mineral County, approximately 100 miles southeast of Carson City, Nevada.

Twenty-One Silver-Gold Project, Nevada location map:
http://www.cypressdevelopmentcorp.com/i/maps/21/Twenty-One-Silver-Gold-Production-Trend.jpg

The common shares issued are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring June 11, 2010.

In order to earn a 100% interest in the Property, the Company must make further cash payments of $15,000, issue an additional 100,000 common shares and incur $250,000 in exploration expenses over the three-year term of the Agreement.

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.

To find out more about Cypress Development Corp. (TSX VENTURE:CYP), visit our website at www.cypressdevelopmentcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

DONALD C. HUSTON, President

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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