Cypress Development Corp.
TSX VENTURE : CYP
FRANKFURT : C1Z

Cypress Development Corp.

January 20, 2011 11:54 ET

Cypress Development Share Issuance for 21 Silver Gold Claims, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2011) - Cypress Development Corp. (TSX VENTURE:CYP) (FRANKFURT:C1Z) announces that it has issued 50,000 common shares and paid the sum of $7500 in connection with its Property Option Agreement dated January 14, 2010 with Robert D. Marvin, whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter royalty, in The Twenty-One Silver Gold Claims located in Mineral County, west central Nevada (the "Property"). 

Twenty One Silver-Gold project 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 May 12, 2011.

Cypress Development recently entered into amending agreement with Mr. Marvin wherein the Company was granted a six-month extension to complete its planned winter/spring exploration program on the Property.

In order to earn a 100% interest in the Property, the Company must make the final share issuance and cash payment of 50,000 common shares and $7,500 by January 14, 2012, and incur a total of $250,000 in exploration expenditures by January 14, 2013.

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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