Cypress Development Corp. - Update from the Field - Cypress Reports No Exposure to non-performing Asset-Backed Commercial Paper

	Tue Aug 21, 2007 Cypress Reports No Exposure to non-performing Asset-Backed Commercial Paper Publisher: Don Myers: Corporate Communications
	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.

	You can view the Previous Update from the Field item: Tue Dec 11, 2007, Progress Map of Deep Drill Hole on Broulan Reef Gold Project, Red Lake, NW Ontario You can view the Next Update from the Field item: Thu Jun 28, 2007, Cypress Update on Continuing Gunman Zinc Drill Program, Nevada You can return to the main Update from the Field page, or press the Back button on your browser.