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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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Here is a little something to ponder..

Look at the when the statements were made, their expectations , and how number 2 hole compares to the first hole..

Hole # 1

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May 22 09 - Cypress / Skyharbour have now mobilized Chibougamau deep penetration drill rig to site on McKenzie Island. Drill hole BR 09 – 1 has been collared today with an azimuth of 90 degrees (east) and a dip of 78 degrees projected. The hole will be drilled to an approx. depth of 2600 metres

July 7 09 -McKenzie Is. hole is at 1030 metres with a dip of 78.5 degrees and an azimuth of 90 Degrees (due east). Drill was veering to north so a number of wedges were placed up the hole to keep the drill heading east.

Aug 12 09 Hole is at 1185 metres; Azimuth of 111.9 and stable Dip 77.6 Good mag
Still in Rhyolite...will probably hit Iron Formation later today or early tomorrow.

Aug 13 09 - Hole is at 1223 metres and has just entered into the Iron Formation
Last reading was 110.5 degree Azimuth and a 77.3 degree dip
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Aug 28 09 - Hole is at 1412 metres and emerging from Iron Formation.
Azimuth at 114degrees. Gyro indicates hole pulling to left at 0.2 degrees per 100 metres.
Essentially straight for last 50 metres. Dip is 77 degrees. Everything on track and going well.

Aug 31 09 -Hole is at 1527 metres. Azimuth is113 degrees and Dip is 76.5 degrees.
Gyro reading was doneyesterday....hole going very straight.

In Felsic pyroclastics under Iron Formation. We won’t have to do so many gyros going forward.

Sept 21 09..McKenzie Island hole at 2261 metres; dip of75.3 degrees And an Azimuth of 108 degrees.
Drilling continues to go smoothly and we are now on our own property.

????? ...The hole did exactly as planned and encountered the north-south shear/ breccia at 2430 metre

Oct 0709 McKenzie Island hole at 2600 metres (2200 metres vertical)

Oct14 09 McKenzie Island. hole at 2784 metres azimuth of 90.2 degrees and dip of74.1 End of hole

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Hole # 2

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NOV 16 09 New Mother Hole BR09-2 is at 150 metres azimuth of 120 degrees and a dip of 76 degrees

Dec 0409 -Drill hole is at 1104 metres .Azimuth is 115degrees .Dip is 76.9 degrees
We are in the Rhyolite above the Iron Formation in Bruce Channel sediments.

Dec 7 2009 -Hole is at 1196 metres Azimuth not known due to magnetic of ironformation.
Dip is
76.3 degrees In iron formation of Bruce Channel sediments, Bit changed.

Dec 1109 - Hole is at 1311 metres Dip is 76degrees. Still in Iron Formation.

Dec 1409- Hole is at 1420 metres Azimuth is102.4 degrees Dip is 75 degrees
We are in tuffs below the Iron Formation. Production increased from 8 to 11 boxes / core per day.

Dec 16 09- Drill hole is at 1506 metres Azimuth is 101 degrees/Dip is 75 degrees

Jan 15 10- Red Lake Drill hole BR09-02 is at 1550 metres this morning. Azimuth is 99 degrees,

Dip is 75.3 degrees in Felsic Pyroclastics. Balmer not expected till 1850 metres but it may come in sooner

Jan 25 10 - Red Lake Drill hole BR09-02 is at 1879 metres this morning. Azimuth is 93.1 degrees.

Dipis 73.7 degrees In Balmer, some brecciation and biotite alteration.

Feb 02 10-Red Lake Drill hole BR09-02 is at 2148 metres this morning. Azimuth is 91.5 degrees. Dip is 73.4degrees. Starting to see calcite filled fractures...normal when approaching North-South shear zone. We should be on Broulan property at 2235 metres.

Feb 03 10 -Red Lake Drill hole BR09-02 is at 2173 metres this morning. Azimuth is 91.3degrees. Dip is 73.4degrees. ...In Balmer...calcite fracture filling persists....normal.

Feb 04 10-Red Lake Drill hole BR09-02 isat 2205 metres this morning. Azimuth is 94.1 degrees.Dip is 72.6 degrees.

Some breccia’s developing. They are in the process of changing thebit..

Feb 09 10 -Red Lake Drill hole BR09-02 is at 2259metres this morning. Azimuth unknown. Dip is 72.7degrees.

We are nowon the Broulan Reef property and will resume systematicsampling.


You could after reading all this and comparing these two holes.& their comments highlighted in Red ... perhaps come to some conclusion ...that they actually have learned a lot from all their previous drilling..

You might also come to realize that we are basically about to or may have already just entered the north south shear zone..

Approximately 200 more metres could also put us into the targeted zone of the footwall ..

So shareholders .... seriously .. give this some thought..

For some of us that have had been here with strong hands for the past 6 years or more..

OUR TIME IS FAST APPROACHING.

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