IRW-PRESS: Cypress Development Corp.: Cypress Development an OTCQX Best Market hochgestuft

December 21, 2021 - Vancouver, Canada - Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF)
(Frankfurt: C1Z1) (Cypress or the Company) is pleased to announce that it has qualified to trade on
the OTCQX® Best Market.  The Company begins trading today on OTCQX under the symbol CYDVF.  U.S.
investors can find current financial disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.

We are pleased to better serve our growing investor base and supporters of Cypress as we advance
our Clayton Valley Lithium Project in Nevada said Bill Willoughby, President and CEO of Cypress
Development. Upgrading to the OTCQX is an important step for the Company in building market
awareness and improving access for our U.S. investors.

The OTCQX Market is designed for established, investor-focused U.S. and international companies.
To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate
governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX
Market marks an important milestone for companies, enabling them to demonstrate their qualifications
and build visibility among U.S. investors.

About Cypress Development Corp

Cypress Development Corp. is a Canadian based advanced stage lithium exploration company, focused
on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA. Work completed by
Cypress led to the discovery of a world-class resource of lithium-bearing claystone adjacent to the
Albemarle Silver Peak mine, North America's only lithium brine operation. Cypress is advancing its
Clayton Valley Lithium Project in Nevada towards the production of high-purity lithium hydroxide
suitable for tier one battery usage.

ON BEHALF OF CYPRESS DEVELOPMENT CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer

For further information, please contact:

Spiros Cacos | Vice President, Investor Relations
Direct: +1 604 764 1851 | Toll Free: 1 800 567 8181
E-Mail scacos@cypressdevelopmentcorp.com 
www.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.

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed to be "forward-looking statements".
Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by
words such as expects, estimates, projects, anticipates, believes, could, scheduled, and other
similar words. 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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