Cypress Development Corp.

Cypress Development Corp.

February 25, 2005 09:00 ET

Phase I Drill Program on McKenzie Island Completed, Red Lake, Ontario


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CYPRESS DEVELOPMENT CORP.

TSX VENTURE SYMBOL: CYP

FEBRUARY 25, 2005 - 09:00 ET

Phase I Drill Program on McKenzie Island Completed,
Red Lake, Ontario

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 25, 2005) - Cypress
Development Corp. (TSX VENTURE:CYP) announces that the phase one drill
program on the St Paul's Bay region of the Cypress (TSX.V: CYP 80%) /
Skyharbour Resources Ltd. (TSX.V: SYH 20%) McKenzie Island property has
been completed. Seven holes (approx. 1700 metres) were drilled to test
for mineralization along a NW/SE trending structure known as the "D2"
Zone. To-date, all cores are being logged and split and samples are
being shipped to TSL Laboratories in Saskatoon, Sask. Assays are
pending. The Company is encouraged with the drill program to date and a
second phase is being planned subject to assays and data compilation.

Cypress Development Corp. is a diversified precious and base metal
exploration and development company with a gold property in Red Lake,
Ontario Canada, and 2 gold properties and a zinc property Nevada, U.S.A.
The Company also holds an 11.4% interest in a company called South
Voisey Bay Nickel Co. Ltd.

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


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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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Cypress Development Corp.
    Donald C. Huston
    President
    (604) 687-3376 or Toll Free: (800) 567-8181
    (604) 687-3119 (FAX)
    or
    Cypress Development Corp.
    Don Myers
    Corporate Communications
    (604) 687-3376 or Toll Free: (800) 567-8181
    (604) 687-3119 (FAX)
    Email: info@cypressdevelopmentcorp.com
    Website: www.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.