SOURCE: Cypress Development Corp.

January 18, 2007 09:14 ET

Geophysical Surveys Completed on Gunman Zinc Project, Nevada

VANCOUVER, BC -- (MARKET WIRE) -- January 18, 2007 --



Suite 1490 - 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8
                   www.cypressdevelopmentcorp.com

NEWS RELEASE

                          January 18, 2007

TSX.V Trading Symbol: CYP              Telephone:  (604) 687-3376
Email: info@cypressdevelopmentcorp.com Facsimile:  (604) 687-3119



    Geophysical Surveys Completed on Gunman Zinc Project, Nevada
Vancouver, BC - Cypress Development Corp. (TSX.V: CYP) and Bison Gold Exploration Inc. (CNQ: BGEI) are pleased to announce the completion of two geophysical programs over a 2.5 kilometre long trend of variable zinc mineralized stratigraphy at the Cypress (73.13%) / Bison (26.87%) owned Gunman zinc project located in White Pine County, northeastern Nevada.

A "Titan 24" electrical survey was completed on the Gunman property in August and was followed by a detailed gravity survey completed in mid December. Both surveys were centered on the high-grade RH zinc-silver oxide / sulfide zone and extended a total of 2.5 km north to south to cover the known extent of alteration / mineralization within the host carbonate section. The surveys were intended to identify drillable targets with RH Zone type signatures, as well as possible sulfide hosted targets in the underlying reduced stratigraphy.

      Click here for location map and 3D Gunman property video:
         http://www.cypressdevelopmentcorp.com/s/Gunman.asp
The Titan Survey results indicate a series of strong, discrete conductors apparent along Titan line 300E. Detailed geologic control from surface mapping indicates that these conductors occur within north to south striking RH Zone stratigraphy, and represent a very prospective series of anomalies. Outcrops of strongly altered and locally mineralized limestone are scattered along the strike of the Titan 300E line. The mapped conductors occur beneath and to the south of the known RH zinc oxide zone. None of the mapped conductors have been drilled to date.

Four new targets (in addition to the RH zinc oxide zone) have been identified as having zinc oxide potential. A total of five targets have been identified as having zinc sulfide potential. None of the new targets have been drill tested and all but one of the new targets is within 500 metres of surface.

Of major significance to the Company is the size of the potential targets. All of the new targets are believed to be significantly larger than the known RH Zone.

The combined presence of host rock, structure, drill indicated zinc-silver mineralization, and strong Titan conductive anomalies make the RH Trend targets a priority for the exploration of additional zinc/silver deposits.

A gravity survey was completed over the prospective target area in late 2006. Density measurements on the RH Zone indicate that the mineralization is 15% more dense than the surrounding rock. The gravity survey indicates a number of residual anomalies of possible mineralization at shallow depths on the Gunman property.

A BLM / Nevada exploration permit for the drilling has been applied for.

A plan to drill targets on the Gunman project, identified by the Gravity and the Titan 24 surveys, is now being completed.

David J. Busch, B.A., B.Sc., PGeo., Vice President of Explorations, is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.

Cypress Development Corp. is a diversified precious and base metal exploration and development company with a gold property in the 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: 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
Cypress Development Corp.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@cypressdevelopmentcorp.com

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
 RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS
                            NEWS RELEASE.
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.





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