Cypress Red Lake Imgy Gallery

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1.Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (FWB: C1Z) and Skyharbour Resources Ltd. (TSX-V: SYH) are providing an update on their ongoing drill program on Cypress' (80%) Skyharbour's (20%) Broulan Reef gold project located in the heart of the Red Lake gold camp in Northwestern Ontario. The Broulan Reef property adjoins on strike to the south of the Cochenour / Bruce Channel gold deposit owned by Goldcorp.
2.Surrounded by Goldcorp giant mining operation.

Cypress Development Corp. is a Canadian gold and base metal exploration company developing projects in Red Lake, Ontario, Canada, and in Nevada, U.S.A.

Red Lake in northwestern Ontario remains one of the richest and most prolific producing gold camps in Canadian mining history with more than 23 million ounces of gold recovered. Cypress holds an 80% interest in the 5,500 acres 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 Gold Eagle Mines' world-class Bruce Channel gold discovery, 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.
3.Three holes were completed in a 2006 winter drill program on the eastern portion of Cypress' McKenzie Island property adjacent to Goldcorp's Gold Eagle Mines property, where a significant angular unconformity is projected. This unconformity appears to exert a strong regional influence on gold deposition, including past gold produced from the McKenzie Red Lake Gold Mine and the Gold Eagle Mine east of the Cypress Development property. The geologic corridor flanking this known unconformity is considered to be very prospective for gold deposition in the Red Lake gold camp.
4.Major gold camps in the Timmins and Kirkland Lake areas of northeastern Ontario also show a close association with similar breaks. The most prolific gold producers in the Red Lake district, are hosted by the northwest-trending Cochenour-Gullrock Deformation Zone and are situated within the well-established "mine trend" of the Red Lake gold district.
5.With a renewed interest by established gold producers on grade and low production costs, the Red Lake mining camp in northwestern Ontario continues to garner world attention. The leader in the camp, Goldcorp Inc., is processing ore from its underground mining operation that averages more than 2.0 ounces of gold per ton - unheard of anywhere else in the world for a mine in its size. The area hosts several gold mines, where the combined production and remaining proven resources are more than 30 million ounces of gold. Initial gold production occurred at the Howey mine in 1930, and two mines (Campbell and Red Lake) remain in operation today. The largest mines historically are Placer Dome's Campbell mine (cumulative production and remaining resources of 13 million ounces) (now owned by Goldcorp), Goldcorp's Red Lake (10 million ounces) and Madsen mines (2.5 million ounces). Goldcorp's Red Lake mine lies immediately adjacent to the Campbell mine, and the deposit mined at each are interpreted to be portions of the same ore body. However, the deep High-grade zone of the Red Lake mine continues to be one of the highest-grade deposits in the world.
6.There is an extensive and ongoing diamond drill program adjacent to the east on the 1,800 acres Goldcorp Gold Eagle Mines property, which continues to develop a significant gold resource (See their news releases). The Western Discovery Zone (See their news releases) that has been established by Gold Eagle Mines is situated on a strike length of over 1 kilometre in an east -- west direction and has a width of 350 metres from north to south. The Cypress Development / Skyharbour Resources joint venture is of the opinion that there is potential for the extension of the Western Discovery Zone onto the McKenzie Island property.