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Cypress Development Corp.

Cypress Development Corp.

Sector: Gold Ores Region: Canada


: | TSX Venture Exchange: CYP


Cypress Development Corp. (TSX-V: CYP) is a publicly traded lithium and zinc exploration company advancing projects in the State of Nevada, U.S.A.

The Company's flagship Dean and Glory Claystone / Brine Projects are located in the heart of the Clayton Valley lithium production and exploration area of Esmeralda County, Nevada.

Cypress' Dean Project is located to the immediate east of lithium brine wells belonging to the Albemarle Silver Peak Mine with Cypress' Glory Project located to the immediate south. Surface and drill exploration by Cypress at the Project discovered up to a 100 meter-thick blanket of consistent mineralization in excess of 1,000 ppm lithium over a 4 kilometer-long zone in a highly soluble non-hectorite claystone.

The Company's Glory Project shares its western boundary with the resource area of Pure Energy Minerals brine project. Extensive sampling by Cypress at the Project identified strong mineralization up to 3,800 ppm lithium over a 3 kilometer-long zone in a highly soluble uplifted lakebed claystone outcropping at surface.

Cypress Development believes this new lithium source has the potential scale to significantly impact the future production of lithium in the Clayton Valley. The developing zone at the Company's Dean and Glory Projects could well represent a long-term reliable supply of lithium, given the location, known size, chemistry and geometry of the discovery.

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Executives

Donald C. Huston, Chairman, President
Don Huston serves as Chairman of the Board and President of Cypress Development Corp. Mr. Huston has been associated with the mineral exploration industry for over 30 years and has extensive experience as a financier and in-field manager of numerous mineral exploration projects in North America. He was born and raised in Red Lake, Ontario and spent 15 years as a geophysical contractor with C.D. Huston & Sons Ltd. as mineral exploration consultants in northern Ontario, Manitoba and Saskatchewan. Mr. Huston serves as a director of four Canadian public resource companies.
William Willoughby, PhD, PE, Director, C.E.O.
Bill Willoughby, PhD, PE serves as a Director and Chief Executive Officer for Cypress Development Corp. Dr. Willoughby is a mining engineer with 38 years of experience in all aspects of natural resources development. Since 2014, he has been principal and owner of consulting firm Willoughby & Associates, PLLC. Prior to that, he was President and COO of International Enexco Ltd., which was acquired by Denison Mines in 2014. He previously held various positions with Teck (Cominco). Dr. Willoughby has been a Professional Engineer since 1985 and received his Doctorate in Mining Engineering & Metallurgy from the University of Idaho in 1989.
James G. Pettit, Director, CFO
Jim Pettit serves as a Director and acting Chief Financial Officer of Cypress Development Corp. Mr. Pettit is currently serving on the board of directors of five publicly traded companies and offers over 25 years of experience within the industry specializing in finance, corporate governance, executive management and compliance. Jim was previously Chairman and CEO of Bayfield Ventures Corp. which was bought by New Gold Inc. in January 2015.
Donald G. Myers, Director
Don Myers serves as a Director of Cypress Development Corp. He has over twenty years of experience in public company management and corporate communications working with companies listed on the TSX Venture, NASDAQ, and Toronto Stock Exchanges. Mr. Myers background includes holding the position of Director and Officer of several junior public companies listed on the TSX Venture Exchange.
Amanda Chow, CMA, Director
Amanda Chow serves as an independent Director of Cypress Development Corp. Ms. Chow is a Certified Management Accountant (CMA) and a graduate of Simon Fraser University where she earned her Bachelor of Business Administration degree. She began working with public companies in 1999.
Robert Marvin, P.Geo, CPG., Director, VP of Exploration
Bob Marvin, P.Geo., serves as a Director and as V.P. of Exploration and Community Relations for Cypress Development Corp. and is a Qualified Person. Mr. Marvin has been involved in mineral exploration and evaluation of lithium, gold, copper, zinc and uranium deposits throughout the Americas as an employee and as an independent consultant. He graduated from the University of New Mexico with a Bachelor of Science degree in geology in 1984.

A third generation Nevada resource geologist, Bob has learned the business from the field starting at an early age. Always keen to explore high grade deposits, Bob has been involved in several successful gold-silver projects in Canada, most recently with Bayfield Ventures in the Rainy River gold district in Ontario but also at Meliadine and in the Committee Bay Belt of the far north.

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