Cypress Development Corp.
TSX VENTURE : CYP

Cypress Development Corp.

September 19, 2005 12:08 ET

Cypress Development Corp.: Drill Targets Identified on McKenzie Island Property, Red Lake, Ontario

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 19, 2005) - Cypress Development Corp. (TSX VENTURE:CYP) (Cypress) is pleased to announce further results from its spring-summer 2005 exploration work program. Several priority target settings have been identified on the large McKenzie Island property (5100 acres). The property is adjoined on its east boundary by the Southern Star / Exall Resources Gold Eagle property, who are currently proceeding with a successful major drill program (see release 2005-08-29 Re: 28.4 gm/ton over 11.7 metres).
Map:
http://www.cypressdevelopmentcorp.com/i/maps/CYP-McKenzie-Island-Map-SSR-EXL.jpg

Cypress has completed a detailed and systematic whole rock analytical program on its McKenzie Island property. The program was designed to identify large-scale alteration systems within the Dome Stock and surrounding volcanics. A veined quartz-sericite unit carrying elevated gold values was identified (North Target zone). Drill testing of this and other targets is scheduled during the Company's planned continuation of its Red Lake gold exploration program. The relationship between this alteration system and mineralization reported on the Exall / Southern Star property to the east is not known at present.

Further drill testing is also being proposed on the new gold mineralization (2.2 gm/ton over 6 metres) identified in the phase 1 drill program completed in the St Paul's Bay area of the McKenzie Island property in the spring of 2005. The mineralization is widespread in sericitic-veined granite. The relationship between the new Au mineralization and a large flanking carbonate-sericite alteration system will be drill tested in the upcoming winter drill program. Poor ice conditions in 2005 prevented earlier testing of this setting.
Map:
http://www.cypressdevelopmentcorp.com/i/Maps/intercepts.jpg

Cypress Development Corp. is a Canadian precious and base metal exploration company developing a gold property in Red Lake, Ontario and a gold-silver property in Stewart, BC, Canada, and 2 gold properties and a zinc property in Nevada, U.S.A.

To find out more about Cypress Development Corp. (TSX.V: CYP), visit the Company's website at www.cypressdevelopmentcorp.com.



ON BEHALF OF THE BOARD OF DIRECTORS

"Don Huston"

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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