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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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Message: UPDATE

"If all went well over the weekend.. we will be very close to 2800 metres today ..and we may now see some of the footwall."

So, we are at 2737m this morning. We lost the hole last time at 2748, so nice and slow is the answer here. I would guess that we were entering the footwall when the bit jammed, so if we can get another 20m we should be through it and be into the good stuff, hopefully for the next 200m.

Regards

K

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