10:46 EDT Thursday, August 06, 2009

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2009) - Cypress Development Corp. (TSX VENTURE:CYP) (FRANKFURT:C1Z) is pleased to announce that Mr. Louis Chastko, PGeo., has agreed to join the Company's geological consulting Advisory Board.

Mr. Chastko brings 40 years of wide ranging continuous experience of services to the mining industry in both the private and public sectors. Majority of the years were spent on gold exploration in the Canadian Precambrian Shield, primarily in Ontario and Manitoba and more specifically in the Red Lake area.

For the last seven years, Mr. Chastko has been involved with Goldcorp Regional Exploration as a specialty consultant. Presently, Mr. Chastko is working on Goldcorp's Cochenour / Gold Eagle project. Mr. Chastko had served as chief geologist with Cochenour Willans Gold Mines in the 1970's.

Mr. Chastko brings a wealth of knowledge to the Cypress Advisory Board with personal geological experience in the immediate area of the Company's Broulan Reef project in Red Lake, Northwestern Ontario. Mr. Chastko brings with him strong leadership, team spirit qualities and a passion for exploration.

Broulan Reef Red Lake, Ontario Map: http://www.cypressdevelopmentcorp.com/s/Image.asp?i=maps/CYP-Broulan-Reef-New-Map.jpg

Cypress Development President Don Huston commented "We are very fortunate to have Lou Chastko joining our Advisory Board. Lou's vast wealth of geological knowledge of the Bruce Channel of Red Lake, including the Cochenour Willans underground workings and the new Gold Eagle underground development program underway by Goldcorp, is considered invaluable to the success of Cypress' Broulan Reef project that adjoins the Goldcorp Gold Eagle project".

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.

To find out more about Cypress Development Corp. (TSX VENTURE:CYP), visit our website at www.cypressdevelopmentcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

DONALD C. HUSTON, President

HERE'S THE RABBIT IMHO. WHAT WILL BE NEXT?????

TH