Dr. Bill Willoughby of Cypress reports

CYPRESS DEVELOPMENT RECEIVES PAYMENTS FROM PASINEX

Cypress Development Corp. has received a $100,000 (U.S.) payment from Pasinex Resources Ltd. The payment is in continuation of the 2017 option agreement on the Spur (formally Gunman) zinc-silver property in Nevada. In continuation of the amended agreement, the company also received 200,000 shares of Pasinex on Sept. 11, 2019 (see Sept. 12 news release).

For further information on the original earn-in option agreement, refer to Cypress's news release dated Dec. 7, 2017.

About Cypress Development Corp.

Cypress Development is a publicly traded exploration company focused on developing the company's 100-per-cent-owned Clayton Valley lithium project in Nevada.

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