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Cypress Development Corp.
Suite 2230 - 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8
www.cypressdevelopmentcorp.com 

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

January 12, 2012

Cypress Development  Commences Geophysical Work Program on Twenty-One Silver-Gold  Claims, Nevada

Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) announces the commencement of a geophysical work program on its
---> 420 acre Twenty-One Silver-Gold claims located in Mineral County, west central Nevada. A grid has now been establishe
--->d on the Twenty-One claim group and a detailed magnetometer survey consisting of approximately 25 to 30 line miles is 
--->in progress at this time. 

Twenty One Silver-Gold project location map:
http://www.cypressdevelopmentcorp.com/i/maps/21/Twenty-One-Silver-Gold-Location-Map.jpg

The detailed magnetic data being collected will enhance known drill targets on the Twenty-One property. Further mappin
--->g and rock sampling will also be carried out at this time. The company anticipates a reverse circulation drill program
---> of approximately 1500 - 2000 metres to follow compilation of data from the current program in February.

This survey will add specific geophysical information for the detailed targeting of magnetite alteration within carbon
--->ate host rocks.  The carbonate rocks lie below a silicified and brecciated cap unit which is cut by a series of parall
--->el quartz veins containing very high grade silver-lead-gold mineralization.  

The only exploration on the property to date consists of a series of historic pits and shafts and recent surface sampl
--->ing by Cypress. Grab samples of the exposed vein material of exposed quartz breccia veins have returned assay values f
--->rom 211 g/t (6.5 ounces) silver to 1141 g/t (34.5 ounces) silver and up to 2 g/t gold. The silver mineralization is ac
--->companied by very high lead values as well as arsenic, zinc, bismuth and tellurium. Andesitic and rhyolite sills, plug
--->s, and dikes occur on the Twenty-One Silver-Gold property.

The target of the Cypress exploration program are silver-gold rich, base metal bearing carbonate replacement deposits 
--->and or skarn type mineralization hosted within Triassic age carbonate rocks.  The property covers the contiguous E-NE 
--->extension of silver and gold mineralization mined at the Mindora deposit. It is further reported that molybdenum miner
--->alization within felsic intrusive rocks was encountered in deeper holes drilled at Mindora.

The Twenty-One property lies along a NE trending corridor which contains both pre- Tertiary silver and base metal mine
--->ralization as well as Tertiary age gold-silver mineralization.  Significant production has occurred at the Santa Fe Mi
--->ne located 15 miles NE of the Twenty-One property.  Advanced exploration for porphyry molybdenum and copper has occurr
--->ed between Cypress's Twenty-One and the Santa Fe properties. 

Twenty One Silver-Gold project production trend map:
http://www.cypressdevelopmentcorp.com/i/maps/21/Twenty-One-Silver-Gold-Production-Trend.jpg

The overall geologic setting and known mineralization along this under explored mineral trend bear close resemblance t
--->o the setting of the productive area around the Coeur Rochester-Relief Canyon area east of Lovelock Nevada.  Other hig
--->hly favorable characteristics at the Twenty-One property include the known existence of a large area of very shallow p
--->ediment gravel cover over potentially mineralized rocks and the known presence of an area containing a silver minerali
--->zed jasperoid subcrop located 1500 feet north of the exposed silver-lead-gold bearing quartz veins.  In summary, the T
--->wenty-One property presents a large target area similar to those explored during the great shallow oxide mineralizatio
--->n exploration boom in Nevada in the 1980's.

The Twenty-One Silver-Gold Project is located in Mineral County, approximately 100 miles southeast of Carson City, Nev
--->ada. The property sits 3 miles south of the pavement of US Highway 95. Access to the property is by dirt track roads. 
--->The Twenty-One Silver-Gold Project consists of two blocks of lode claims centered on an area of outcropping. High volt
--->age power lines run along highway 95 providing excellent infrastructure to the project area.

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.  

Robert Marvin, P.Geo., CPG,  Exploration Manager for Cypress Development Corp. is the Qualified Person as defined by N
--->ational Instrument 43-101 and is supervising both the project field work and the preparation of the technical informat
--->ion in this release.

To find out more about Cypress Development Corp. (TSX-V: 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
Director Cypress Development Corp. Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info
--->@cypressdevelopmentcorp.com 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCUR
--->ACY OF THE CONTENT OF THIS NEWS RELEASE.

This news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertaintie
--->s. There can be no assurance that such statements will prove to be accurate, and actual results and future events coul
--->d differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other 
--->factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com.