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CYPRESS DEVELOPMENT CORP: CYP (TSX.V)
CORPORATE INFORMATION
February 2005

Cypress Development Corp. is a junior resource exploration company whose principal assets include the ownership and development of several precious and base metal properties.  Two are located in Canada and three are located in the United States.  The Company is continually searching for high-potential properties to add to its asset portfolio.

C U R R E N T  H O L D I N G S

McKenzie Island Property, Red Lake, Ontario, Canada:
Cypress Development Corp has an 80% interest in the 5,100 acres McKenzie Island property in the Red Lake Mining District, Northwestern Ontario.  This property is located to the west and adjacent to Southern Star / Exall's Gold Eagle property, north of Sabina / Wolfden’s Newman-Madsen property, and 7 kilometres due west of the Goldcorp Red Lake and Placer Dome Campbell Mines.

Scorpion, Awake and Gunman Properties, Nevada, U.S.A.:
The Company also owns 3 properties throughout the State of Nevada.  Cypress owns 100% of the Scorpion gold property near Newmont Mining’s Whiskey Flat property, which lies within the widely mineralized Walker Lane structural zone in central Mineral County.  The Company owns 100% of the Awake gold property 5 miles south of the Sleeper Mine, which is a well documented prolific past gold producer at the northern extension of the Battle Mountain-Cortez geological trend in northern, Nevada.  Cypress Development also has a 73% interest in the high-grade Gunman zinc-silver project located northeast of Eureka, Nevada.

South Voisey's Bay, Labrador, Canada:
Cypress has vended all of its land holdings in Voisey's Bay into a newly formed mineral exploration company called "South Voisey Bay Nickel Co. Ltd." (SVBN).  Five companies (including Donner Minerals, Cypress Development, NDT Ventures, Rcom Ventures and Curion) have each vended their mineral acreage into SVBN on a dollar spent per property share equity basis, totaling 1,000 square kilometers.  Cypress is the 2nd largest shareholder of SVBN at (11.4%) with Donner Minerals the largest shareholder at (76.5%), (News release: May 24, 2001).

D I R E C T O R S   &   O F F I C E R S

Donald C. Huston: President, Director
Mr. Huston is the President of Cypress Development Corp.  He has been associated with the mineral exploration industry for 25 years and has extensive experience as a financier and in-field manager of numerous mineral exploration projects in North America.  Mr. Huston is a director of a several Canadian public resource companies.

James G. Pettit: Director
Mr. Pettit's experience has been primarily that of financier, management and investor relations in stock exchange listed companies.  He currently sits on the board of several public resource companies listed on the TSX Venture Exchange.

Robert J. Paul: Director
Mr. Paul sits on the board as an independent Director of Cypress Development Corp.  He is self-employed and an investor.  He has acted in various capacities including Directorships with several resource companies listed on the TSX Venture Exchange.

Derek A. S. Huston: Corporate Secretary
Mr. Huston's experience is that of investor relations in stock exchange listed companies.  He has held positions including Directorships with several public companies in the resource sector listed on the TSX Venture Exchange.

David Busch, B.Sc., P.Geo., and Robert Marvin, B.Sc., Geologist, a member of the Geologic Society of Nevada, are the Company's Qualified Persons under the Guidelines of National Instrument 43-101.

Shareholder Communications
Telephone: (604) 687-3376
Toll-Free: 1-800-567-8181
Fax: (604) 687-3119
E-Mail: info@cypressdevelopmentcorp.com
Address: Suite 1490, 885 W. Georgia Street
Vancouver, BC  V6C 3E8  CANADA
 
Share Information
Symbol:  CYP
Exchange:  TSX Venture
Total Outstanding:  30.0 million
Fully Diluted:  45.1 million
Fiscal Year End:  Dec. 31st
CUSIP Number:  232749 10 1
 
Barristers & Solicitors:  Tupper, Jonsson & Yeadon
Transfer Agent:  Computershare Trust Company
 of Canada
Auditors:  Davidson & Co.
 Vancouver, BC




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