Cypress Development Announces Change to Board of Directors

Rhea-AI Summary

Cypress Development Corp. (TSXV: CYP | OTCQB: CYDVF) announces the resignations of Mr. Donald Huston and Ms. Amanda Chow from its Board of Directors, effective immediately. Huston has been a pivotal figure since the company's inception in 1997, significantly contributing to its growth. The company expresses its gratitude for their service. Cypress is focused on developing its Clayton Valley Lithium Project in Nevada, recognized for its world-class lithium resource, further confirmed by a positive Pre-Feasibility Study in August 2020.

Positive

• Donald Huston's long tenure provides continuity and experience.

Negative

• Resignation of key figures may raise concerns about leadership continuity.

TSXV: CYP | OTCQB: CYDVF

VANCOUVER, BC, Nov. 18, 2021 /PRNewswire/ - Cypress Development Corp. (TSXV: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") announces that Mr. Donald Huston and Ms. Amanda Chow have resigned from the Board of Directors of the Company effective today. The Company would like to sincerely thank Mr. Huston and Ms. Chow for their invaluable contributions and service to the Company.

"Don has served on Cypress' Board of Directors as well as its President since the Company's inception in 1997," said Cassandra Joseph, Chair of the Company. "Over this time, Don played a critical role in the developments of the Company, drawing on a wealth of experience gained over a long and successful business career. I would also like to thank Amanda for her valuable contributions to the success and growth of the Company. On behalf of the board of directors, the management team, and our shareholders, I thank Don and Amanda and wish them all the best in the future."

About Cypress Development Corp

Cypress Development Corp. is a Canadian advanced stage lithium exploration company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA. Work completed by Cypress led to the discovery of a world-class resource of lithium-bearing claystone adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation. The results of a positive Pre-Feasibility Study for the Clayton Valley Lithium Project were announced by Cypress Development in August 2020. Cypress Development trades on the TSX Venture Exchange under the symbol CYP, and on the OTCQB under the symbol CYDVF.

ON BEHALF OF CYPRESS DEVELOPMENT CORP.

WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer

www.cypressdevelopmentcorp.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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SOURCE Cypress Development Corp.

FAQ

What recent changes occurred in Cypress Development's Board of Directors?

Cypress Development announced the resignation of Mr. Donald Huston and Ms. Amanda Chow from its Board of Directors on November 18, 2021.

How will the resignation of Donald Huston affect Cypress Development Corp.?

Huston's resignation may impact leadership continuity, given his long-standing role since the company's inception.

What is the significance of the Clayton Valley Lithium Project for Cypress Development?

The Clayton Valley Lithium Project is crucial for Cypress Development as it holds a world-class lithium resource and has undergone a positive Pre-Feasibility Study.

What contributions did Huston and Chow make to Cypress Development Corp.?

Huston contributed significantly to the company's development since 1997, while Chow also played a role in its success and growth.