Cypress Development acquires 24 claims in Nevada

Sep 22, 2021

2021-09-22 10:51 ET – News Release

Dr. Will Willoughby reports

CYPRESS DEVELOPMENT ACQUIRES STRATEGIC MINING CLAIMS IN CLAYTON VALLEY, NEVADA

Cypress Development Corp. has acquired, through a purchase agreement, 24 unpatented mining claims in Clayton Valley, Nevada, bringing the company’s landholdings to 6,558 acres in total. The newly acquired claims, which total 480 contiguous acres, are proximal to the Company’s Clayton Valley Lithium Project. The claims were acquired for their exploration potential for lithium-bearing claystone and brine.

Terms of the Agreement

The purchase price for 100% interest in the claims, acquired from a private party vendor, is to be paid through the issuance of 49,000 Cypress shares, due upon closing. The claims have no retained or underlying royalties. The Agreement is subject to terms and conditions customary for a transaction of this nature, including TSX Venture Exchange approval of the Share Issuance.

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.

We seek Safe Harbor.

https://www.cypressdevelopmentcorp.com/