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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.

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Ladies and Gentlemen (Shareholders)

Since we are at this depth and own approx. 150m of core at this point. If I was running this company I would be getting another drill over too Hole #3 and really get this show on the road.

With 3mil in the bank it's well worth risking lets say 1mil of drilling over there just to test the waters a little bit more IMHO. Remember Hole #3 (The Fold) has been drilled to a depth of 500m then stopped all of a sudden, sure makes me wonder why??????

Now this would get people really interested IMO.

WE NEED MORE DRILLS TO BUILD UP SOME CONFIDENCE!!!!!!!!!!!!!!! ASSAYS WILL THEN FOLLOW!!!!!!!!!!!

TH

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