CYPRESS DEVELOPMENT UPGRADED TO OTCQX BEST MARKET

Rhea-AI Summary

Cypress Development Corp. (OTCQX: CYDVF) has successfully qualified to trade on the OTCQX Best Market as of December 21, 2021. This upgrade enhances access for U.S. investors and supports market awareness for the company's Clayton Valley Lithium Project in Nevada. OTCQX is tailored for established companies adhering to high financial standards and governance practices. This step is expected to bolster visibility among U.S. investors and facilitate better engagement with Cypress's growing investor base.

Positive

• Qualified to trade on the OTCQX Best Market, expanding investor access.
• Enhances market awareness for the Clayton Valley Lithium Project.

Negative

• None.

VANCOUVER, BC, Dec. 21, 2021 /PRNewswire/ - Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to announce that it has qualified to trade on the OTCQX® Best Market.  The Company begins trading today on OTCQX under the symbol "CYDVF."  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"We are pleased to better serve our growing investor base and supporters of Cypress as we advance our Clayton Valley Lithium Project in Nevada" said Bill Willoughby, President and CEO of Cypress Development. "Upgrading to the OTCQX is an important step for the Company in building market awareness and improving access for our U.S. investors."

 The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

About Cypress Development Corp

Cypress Development Corp. is a Canadian based 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. Cypress is advancing its Clayton Valley Lithium Project in Nevada towards the production of high-purity lithium hydroxide suitable for tier one battery usage.

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.

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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SOURCE Cypress Development Corp.

FAQ

What is Cypress Development Corp.'s recent achievement regarding stock trading?

Cypress Development Corp. has qualified to trade on the OTCQX Best Market under the symbol CYDVF as of December 21, 2021.

How does the OTCQX Best Market benefit Cypress Development Corp.?

Trading on the OTCQX improves market awareness and access for U.S. investors, which can enhance visibility and investor engagement.

What is the focus of Cypress Development Corp.?

Cypress Development Corp. specializes in developing its Clayton Valley Lithium Project in Nevada, aiming to produce high-purity lithium hydroxide.

When did Cypress Development Corp. begin trading on the OTCQX?

Cypress Development Corp. began trading on the OTCQX on December 21, 2021.