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Cypress Development Corp. is a Canadian gold and base metal exploration company developing projects in Red Lake, Ontario, Canada, and in Nevada, U.S.A.

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Message: Re: Spoke to Don Myers Today

Jun 21, 2008 01:05PM

Good afternoon to all CYP Investors,

According to Don, Gold Corp as well as CYP decided to pull out the drill and re-commence drilling at the 700m depth. They took approx. 2 weeks to clean out and back wash the hole. A PR will be released shortly (Probably within next two weeks) so that they can report on some good news. On a good day the drilling company should do approx. 30m. Hopefully they should reach the pot of gold within two weeks. This time around the drilling company is being watched closely. They have absorbed all drilling costs for the past several weeks. It is in their best interest to get it right this time. They are already over budget and in the red for this project.

On a different note, I found out through a close friend (who is heavily invested in CYP) that the head crew leader of CYP's drilling company owns approx. 250,000 shares of CYP. How is that for having a good feeling that CYP is going to hit. We will be trading at the same if not higher price as Gold Eagle shortly.






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