Cypress Development Corp.
Investors Update from the Field

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Thu Jun 26, 2008
AGNICO-EAGLE MINES LIMITED MAKES A STRATEGIC INVESTMENT IN GOLD EAGLE MINES LTD.

Agnico-Eagle Mines Ltd. has made a strategic investment in Gold Eagle Mines Ltd. (TSX: GEA) today through a non-brokered private placement of units of Gold Eagle. In addition, Eberhard Scherkus, PEng, the president and chief operating officer of Agnico-Eagle, has been appointed a director of Gold Eagle. Agnico-Eagle strategic investment Agnico-Eagle purchased a total of 5,524,862 Units at $9.05 per Unit for gross proceeds to Gold Eagle of approximately $50 Million. Each Unit consi... (4 KB)
Tue May 27, 2008
Gold Eagle Mines Ltd. - Bruce Channel Exploration Target Potential

Mr. Peter George reports Gold Eagle Mines Ltd. (TSX: GEA) has released an exploration target potential for the Bruce channel which has been prepared by Peter George, PGeo, of Geoex Ltd. In Mr. George's opinion, the exploration target potential of the Bruce channel, based on the drilling completed to the end of 2007, is 14.1 million tonnes to 16.5 million tonnes grading between 20 grams gold per tonne to 25 grams gold per tonne, yielding an in situ potential of between 9.0 million to 13... (8 KB)
Wed May 7, 2008
Cypress' Drilling Continues on Hole BR08--2 on the Broulan Reef Gold Project, Red Lake, Ontario

Drilling continues on Cypress' 80% owned Broulan Reef gold project with Hole BR08--2 now at 1,040 metres. The hole continues in the felsic pyroclastic sequence of rocks. The Balmer assemblage host rock has not yet been encountered but is expected within the next 200 metres. To date, the drill contractor has utilized 11 removable wedges in hole BR08-2. The wedges are necessary to maintain a minimum of deflection in the mother hole. It is the Company's intent to keep the hole as straight as pos... (3 KB)
Wed Apr 2, 2008
Progress Maps of New Mother Drill Hole on Broulan Reef Gold Project, Red Lake, Ontario

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Wed Jan 23, 2008
New Progress Map of Deep Drill Hole on Broulan Reef Gold Project, Red Lake, NW Ontario

This cross section of the on going drill program on the Broulan Reef depicts the vertical depth of the 1st mother hole at this time. It is anticipated that this main drill hole will enter into the Balmer assemblage host rocks at approximately 1200 metres. The hole will be drilled to a depth of approx. 2400 metres with a series of wedges then drilled off the mother hole targeting potential gold ore zones in the Balmer assemblage. ... (1 KB)
Tue Dec 11, 2007
Progress Map of Deep Drill Hole on Broulan Reef Gold Project, Red Lake, NW Ontario

DRILL HOLE BR07-1 IS ENCOUNTERING EXPECTED STRATIGRAPHY AS SHOWN. THE HOLE IS ON TRACK TO ENTER AND TEST POTENTIAL OF THE BALMER. THE HOLE WILL BE IN THE BALMER AND ON STRIKE WITH THE "FINN ZONE" IDENTIFIED BY GOLD EAGLE MINES JUST NORTH OF OUR PROPERTY BOUNDAY. Dave Busch, PGeo... (1 KB)
Tue Aug 21, 2007
Cypress Reports No Exposure to non-performing Asset-Backed Commercial Paper

Cypress Development Corp.'s management is pleased to report it has no exposure to non-performing asset-backed commercial paper that is currently being discussed in financial markets, and that all funds held in the Company's treasury are invested only in top-rated money market instruments with a major bank. (1 KB)
Thu Jun 28, 2007
Cypress Update on Continuing Gunman Zinc Drill Program, Nevada

Cypress Development announces that it continues with its previously announced Phase 1 diamond drill program on its Gunman Zinc Project in northeastern Nevada. The Company has now completed 7 drill holes of an anticipated 12 -- 14 drill hole program. The footage drilled to date is approximately 6,000 feet in total. The drill progra... (3 KB)
Mon Jun 4, 2007
Gold Eagle Mines Releases FN Drill Results Adjacent North of Cypress' Broulan Reef Project, Red Lake

Mr. John Whitton reports: REGIONAL DRILLING PROGRAM INTERSECTS POTENTIAL NEW AREA OF GOLD MINERALIZATION BENEATH THE BRUCE CHANNEL Gold Eagle Mines Ltd. (TSX: GEA) has released drill results on the FN series of holes on its 100-per-cent-owned Gold Eagle property in Red Lake, Ont. The Gold Eagle property is situated along the Red Lake trend, west of Goldcorp's Red Lake and Campbell mines and immediately southwest of Goldcorp's Cochenour-Willans mine. Highlights: The FN 1 series of hol... (9 KB)
Tue Nov 21, 2006
SOUTHERN STAR / EXALL DRILLING INTERSECTS 108.3 G/T AU OVER 3.8 M AND 107.7 G/T AU OVER 3.9 M AND EXTENDS BRUCE CHANNEL GOLD DISCOVERY 200 METERS

Reprint from Stockwatch of Southern Star Resources News Release regarding Drill Results on their Gold Eagle Project, which is "Adjacent to the North" of Cypress Development's Broulan Reef project Mr. John Tait reports SOUTHERN STAR DRILLING INTERSECTS 108.3 G/T AU OVER 3.8 M AND 107.7 G/T AU OVER 3.9 M AND EXTENDS BRUCE CHANNEL GOLD DISCOVERY 200 METERS Southern Star Resources Inc. and Exall Resources Ltd.'s continuing drill program on its Gold Eagle property located in Red Lake... (2 KB)

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