Cypress Development Corp.
TSX VENTURE : CYP

Cypress Development Corp.

November 11, 2005 12:13 ET

Live Webcast to be Hosted by Cypress Management on November 14th

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 11, 2005) - Cypress Development Corp.'s (TSX VENTURE:CYP) management will be hosting a live Webcast for shareholders, investors, brokers, analyst, and interested parties to provide an overview of the Company's upcoming drill program on its 80% owned Red Lake McKenzie Island gold project.

Management will host a Live Webcast on Monday November 14th at 9:30 a.m. pacific time. The call is being Webcast by Vcall and can be accessed through a link on the Company's Home Page at www.cypressdevelopmentcorp.com or www.investorcalendar.com/IC/ClientPage.asp?ID=97811. The Webcast will also be made available for replay on the Company's web site.

Cypress Development announced on November 3rd that it was now mobilizing an exploration crew onto its McKenzie Island property located in the heart of the Red Lake gold camp, Northwestern Ontario. 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.

Map:
http://www.cypressdevelopmentcorp.com/i/maps/CYP-McKenzie.gif

Exploration to date by Cypress has identified 4 main target settings. The establishment of a grid and detailed geophysics at this time is being done on the McAndrew East Zone and is intended to further define prioritized diamond drill targets. The Company intends to commence its winter 2005 / 2006 drill program on its McKenzie Island property as soon as freeze up is complete.

A total of 19.2 million ounces of gold have been produced from 13 mines in the Red Lake area. Gold production has been continuous since 1930 when the Howey Gold Mine entered production. Current gold production is around 700,000 ounces per year from the Campbell mine of Placer Dome and the Red Lake mine of Goldcorp.

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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