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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: CYP / SYH update
I will boldface some of the following interesting points in my humble opinion that I feel some of the shareholders need to give some time and thought to.

Drilling to date has provided convincing evidence that the setting that hosts the BCGD on the Goldcorp ground continues unabated on to the Broulan Reef property of Cypress and Skyharbour.

Gold mineralization on the Goldcorp Gold Eagle property lies in highly altered mafic/ultramafic volcanic rocks beneath a thrust fault that was projected to dip at a shallow angle on to the Broulan Reef property ofCypress and Skyharbour. This fault has been intersected in two of the recently completed holes. A set of north-south faults appears tolocalize gold mineralization beneath the shallow dipping thrust fault.

The highly oblique angle of intersection afforded by the east shore location of the winter holes has restricted extensive drilling in the prospective alteration below the thrust.

The rig is currently drilling from the McKenzie Island. The thrust should beencountered at a shallower depth from this location allowing morefootage to explore the prospective area beneath it. This hole should allow a more effective testing of the north-south trending structures below the thrust. The hole has an initial azimuth of 90 degrees and dipof 78 degrees and is currently at a depth of 350 metres.



Best of luck to all and above all--- enjoy your investing....
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