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Red Lake in northwestern Ontario remains one of the richest and most prolific producing gold camps in Canadian mining history with more than 30 million ounces of gold recovered. Cypress holds an 80% interest in the 5,400 acre Broulan Reef and McKenzie Island projects in the heart of the Red Lake gold camp. The properties are located adjacent to the south and west of Goldcorp's Cochenour / Bruce Channel Deposit, adjacent to the west of Goldcorp's / Premier Gold's Rahill-Bonanza gold project, and 5 miles due west of Goldcorp's operating Red Lake & Campbell gold mines. Cypress has been aggressive with its exploration approach to its Broulan Reef gold project, which has never had any detailed exploration conducted until the Company acquired the ground in January 2006. Cypress believes its property, on strike adjacent to Goldcorp's Cochenour / Bruce Channel Deposit to the north, is ideally located for the potential extension of this newly developed gold zone onto the Company's Broulan Reef ground. Cypress Development Corp.'s goal is to increase shareholder value by developing exploration projects near world-class deposits that have the potential of becoming new discoveries. 
  
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