Cypress Development Corp.
TSX VENTURE : CYP

Cypress Development Corp.

April 25, 2007 09:00 ET

Cypress Development Corp.: Broulan Reef Geological Report Filed on SEDAR

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 25, 2007) - Cypress Development Corp. (TSX VENTURE:CYP) (the "Company") announces that a comprehensive geological report on its Broulan Reef property, Red Lake, Northwestern Ontario, has now been completed and received by the Company.

This Broulan Reef geological report has now been filed on SEDAR and can be view at www.sedar.com.

Cypress Development's Broulan Reef property is located in the heart of the Red Lake gold camp. The property is located adjacent to the south of Gold Eagle Mines' project, where a major successful drill program is underway and adjacent to the west of Premier Gold / Goldcorp's Rahill-Bonanza project.

Broulan Reef Red Lake Map:

http://www.cypressdevelopmentcorp.com/i/maps/CYP-McKenzie-Island-New-Map.jpg

Two new and significant gold discoveries have been made in the Red Lake area since 2005 in sedimentary rocks of the Bruce Channel. These include the Bonanza deposit reported by Premier Gold Mines to the east of the of the Broulan Reef property boundary and a discovery by Gold Eagle Mines Ltd to the north of the Broulan Reef property under the Bruce Channel.

Broulan Reef - Gold Eagle Mines Drill View Map:

http://www.cypressdevelopmentcorp.com/s/Image.asp?i=maps/CYP_Gold_Eagle_Drill_View.jpg

The Bruce Channel gold deposit is located in the Balmer Assemblage just below the unconformity with the Bruce Channel sediments. It has been established, during Cypress Development's 2006 drill program, that the Balmer Assemblage rocks underlay much of the Broulan Reef property. The Company believes that the Balmer Assemblage represents a highly prospective geological setting with potential to host "high-grade" gold mineralization similar to several mines and recent nearby discoveries. It is Cypress Development's opinion that this potential warrants an in-depth exploration program throughout the summer / fall of 2007. Diamond drilling will be the mainstay of exploration on the Broulan Reef project.

Cypress Development Corp. is a diversified precious and base metal exploration and development company with 2 gold properties in Red Lake, Ontario, Canada, and 2 gold properties, a silver-copper property and a zinc property 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

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various 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. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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