Drill Results Confirm Bruce Channel Gold Deposit Continuity  

VANCOUVER, BC - Cypress Development Corp. and Skyharbour Resources Ltd. reported that gold values have been intersected on Cypress' (80%), Skyharbour's (20%) owned Broulan Reef Project located in the heart of the prolific Red Lake gold camp in Northwestern Ontario. The Broulan Reef property adjoins, on strike, to the south of the Cochenour / Bruce Channel major gold deposit now being brought to the production stage by Goldcorp Inc.

The company's address is Suite 2230, 885 West Georgia Street, Vancouver, BC V6C 3E8, (604) 687-3376, fax: (604) 687-3119, email: info@cypressdevelopmentcorp.com.