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Wednesday, March 08, 2017

President of Lithium Company Cypress Development (TSX-V: $CYP) (OTCBB: $CYDVF) updates shareholders and Discusses Critical Lithium Investment Drivers

President of Lithium Company Cypress Development (TSX-V: $CYP) (OTCBB: $CYDVF) updates shareholders and Discusses Critical Lithium Investment Drivers



Vancouver, BC – March 8, 2017 (Investorideas.com Newswire) Cypress Development Corp. (TSX-V: CYP) (OTCBB: CYDVF) (Frankfurt: C1Z1) (“Cypress” or the “Company”) a lithium and zinc exploration company developing projects in Nevada, U.S.A., today released a Letter to Shareholders by President Don Huston.



My Fellow Shareholders and Investors:

Cypress is confident that the need, growth and current limited supply for lithium will continue and expand for several years to come.

I would like to start my comments
with an analogy to address the viability and importance of Lithium, which is a small but critical component in the development and growth of electronics as well as various forms of the Lithium battery sector.

A Tesla S, while arguably more a work of art than a utilitarian vehicle, represents no more than an expensive (and very good looking) paperweight without a critical couple of pounds of Lithium.

From our informative piece; Lithium Primer: The Critical 7% Solution:

Many months of work has brought Cypress closer to the establishment of a potential resource estimate containing some of the highest-grade Lithium available. I will also speak to our announced drilling plans, the uniqueness and value of our work with synthetic brine and our major goals for 2017 and beyond.

Critical Lithium Investment Drivers

With apologies to Goldman Sachs, Lithium is not ‘the new gasoline’. It is however, critical to battery power storage technology and is agnostic as to the feed source; solar, wind, water etc.
·        Lithium is abundant in hard rock, brine and clay deposits. Ironically, there are very few accessible economically viable deposits.
·        Demand will outstrip supply
·        Traditional global fossil fuel establishment are buying battery assets
·        Lithium production dominated by 3 global companies. 2016 production was quickly sold out
·        As carmakers increase demand for batteries there's going to need to be more gigafactories built. Just to supply auto demand you need 200 gigafactories. (Elon Musk 2014)
·        Lithium component years ahead of any competing metal.
·        Annual lithium market will grow 259% by 2025, representing a compound annual growth rate of 14% across all demand sectors. Lithium-ion battery-based electric vehicles will be key driver of this demand.


For Cypress, 2016 was about organization, relationships, sample testing to delineate grades and prepare for a now announced drill program.

We also closed several financings ensuring available funds for both administration and drilling plans and execution.

2016 primarily moved Cypress forward to achieving its goal of becoming a meaningful producer of this component. Growth in electronic needs as well as batteries that power automobile, residential homes and industrial applications is extremely compelling.

If you liked (or didn’t like) 2016….

The results of the fifty deionized water leach assays (analyzed by ALS Chemex lab in Reno) show strong extraction of lithium with low extraction of magnesium and calcium.  The water and soluble element “synthetic brine” produced for assay from the samples has very similar chemistry to that of reported chemistry of production brines from the Clayton Valley and to brines reported by Pure Energy Minerals within their northern resource area.

2017 will be an exceptional year for Cypress and our shareholders as we work to prove up tonnage and the economics of Clayton Valley.

Before I speak about our announced extensive drilling plans, investors will be extremely interested in a brief discussion of ‘synthetic brine’.

Robert Marvin, PGeo, Exploration Manager for Cypress Development Corp., recently produced a focused article on the Company’s compelling work producing Synthetic Lithium Brine  through process ME-MS03 at our Clayton Valley Project in Nevada.

“The results of the fifty deionized water leach assays show exactly that, strong extraction of lithium with very low extraction of magnesium and calcium,” states Marvin. “The water and soluble element “synthetic brine” produced for assay from the samples has very similar chemistry to that of reported chemistry of production brines from the Clayton Valley and to brines reported by Pure Energy Minerals within their northern resource area.”

While you are encouraged read the technical in Bob’s report, the bottom line is this:

Synthetic brine (process ME-MS03) produces significant amounts of lithium and sodium and very low amounts of the undesirable by products as produced by the more toxic 4-acid process (ME-ICP61).

Lithium
Magnesium
Calcium
Potassium
Sodium
ME-ICP61
ME-MS03
ME-ICP61
ME-MS03
ME-ICP61
ME-MS03
ME-ICP61
ME-MS03
ME-ICP61
ME-MS03
Li
Mg
Mg
Ca
Ca
K
K
Na
Na
0.12%
0.05%
2.12%
0.14%
4.87%
0.11%
4.54%
0.29%
3.59%
2.90%

The more benign (less toxic and more cost-effective) water leach solution produced from Dean claystone is more than double the content of lithium than that of the Pure Energy brine and is four times that of the Albemarle production brine.

While Bob goes into more detail, the thrust for us and value to shareholders is that the process vastly increases the viability of lithium sourced claystone which to date has been a concern to production of brine and is comparable and sometime superior to natural brines.

And put simply, that means more lithium, extracted cheaper and greener. This process is a major step forward in unlocking lithium from claystone; a process that was previously though too difficult, toxic and expensive.
Ratio
Dean Claystone
CV-1 (@700 feet)
Well 392
Mg/Li
2.98
2.27
2.58
Ca/Li
2.34
4.09
3.25
K/Li
6.17
17.94
18.33
Na/Li
61.70
202.94
208.33

Cypress
Pure Energy
Albemarle

Let the Drilling Begin.

Our work to date has shown exceptional lithium grades in our Dean Project located east of Albermarle’s Silver Peak mine, Glory Project located to the immediate south and Advantage Lithium’s/Nevada Sunrise's project located to the immediate north.

Now the time has arrived to commence the proving up of tonnage, viability and economics of the area.

The U.S. Bureau of Land Management recently approved 12 exploration drill hole locations into the Dean Frontera Verde Zone. We plan to drill the 12 vertical holes using NQ diamond drill core being approximately 2-inch diameter core.
Morningstar Drilling of Three Forks, Montana will complete the drilling. Drilling is expected to begin on or about March 1, 2017.

Our program, now underway, is intended to measure the depth/ thickness, from surface, of the known high grade lithium bearing claystone on our 2700-acre Dean Project.
Extensive sampling by Cypress at the Dean Project has identified strong lithium mineralization up to 3,700 ppm lithium (1.98% lithium carbonate equivalent) in a highly soluble uplifted lakebed mudstone and claystone in the 2-square kilometer Frontera Verde Zone that averages 1,500 ppm lithium (0.80% lithium carbonate equivalent) at surface.
In conclusion, from our February 14th press release:
“Assays from surface sampling at the Dean Project have returned extremely encouraging results in the form of widespread high lithium mineralization hosted within highly reactive and soluble rock units.


We have now completed detailed analysis of the results of several different assay methods as a first order study of
 potential extraction methods of the lithium from the host rock sequence. This study highlights the similarity of the solutions made from dissolving the surface claystone in a weak aqua regia solution and deionized water compared to production brines of the basin.

The results of the study strongly indicate that recovery of lithium from a solution from the outcropping evaporates and water could potentially be done by methods currently being used in the Clayton Valley and by new methods under development by Pure Energy Minerals and others.”

Cypress’ mandate is to systematically explore its properties for a world-class lithium-brine resource as well as expand exploration relating to the potential for a lithium resource that exists within the large area of non-hectorite “claystones,” which have shown recent high grade lithium assay recoveries from these same resources.

I look forward to an exciting and watershed year for our Company and know that we work every day to add consistent and meaningful shareholder value.

Your support is very much appreciated and we welcome your comments and ideas.

Sincerely,

Don Huston
CEO
Cypress Development Corp.

About Cypress Development Corp.
Cypress development Corp is a publicly traded lithium and zinc exploration company that continues to acquire and develop potentially viable mineral projects in the State of Nevada, U.S.A.

Cypress is very active in Clayton Valley, Nevada with its team committed to systematically exploring its properties for both a lithium-brine resource and expanding exploration relating to the potential for a lithium resource that exists within the large area of non-hectorite “claystones” discovered at surface that has seen recent high lithium assays recovered from these same “claystones”.

Cypress Development Corp. has approx. 34 million shares issued and outstanding.
To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com.


CYPRESS DEVELOPMENT CORP.
“Don Huston”
                                                           
DONALD C. HUSTON
President

For further information contact myself or:
Don Myers
Director
Cypress Development Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email:
info@cypressdevelopmentcorp.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
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