CYPRESS DEVELOPMENT PROVIDES CORPORATE UPDATE

TSXV: CYP | OTCQ X : CYDVF

Cypress Development Corp. (TSXV : CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ( " Cypress" or " the Company") reports that since the closing of the purchase of Nevada water Permit 44411 (Certificate 13631) (the "Permit") from Intor Resources Corp., a subsidiary of Nevada Sunrise Gold Corp. ("Nevada Sunrise"), (see news release dated December 8, 2021 news release) the Company has learned that a petition was filed by a junior exploration company in the Nevada District Court for review of the Nevada State Engineer's approval of Intor's Application for Extension of Time to Prevent Forfeiture of the Permit (the "Application").

Cypress and Nevada Sunrise believe that the Nevada State Engineer's approval of Intor's Application was correct and complied with Nevada law. Additionally, the Company believes the petition is substantively and procedurally deficient and does not conform to Nevada law.

Cypress will cooperate with the Nevada State Engineer to vigorously oppose the petition. Intor has pledged its cooperation in this effort. The petition does not affect Cypress's ability to apply to the State Engineer to use the water for Cypress's project.

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

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.

View original content: https://www.prnewswire.com/news-releases/cypress-development-provides-corporate-update-301448171.html

SOURCE Cypress Development Corp.

View original content: https://www.newswire.ca/en/releases/archive/December2021/20/c0661.html

News Provided by Canada Newswire via QuoteMedia

tsxv:cyp lithium investing

CYP:CA

CYPRESS DEVELOPMENT CHANGES NAME TO CENTURY LITHIUM CORP AND NEW TICKER SYMBOL 'LCE' EFFECTIVE JANUARY 30, 2023

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to announce that further to its news release dated January 24, 2023 the TSX Venture Exchange (the "TSXV") has approved the Company's name change from Cypress Development Corp. to Century Lithium Corp. The Company will also change its trading symbol from 'CYP' to ' LCE ' on the TSXV. The effective date on which the Company will begin trading under the new name and symbol is January 30, 2023 . The CUSIP number is 156615106.

The transfer agent of the Company continues to be Computershare Investor Services Inc. There is no change in the capitalization of the Company in connection with the change of name and trading symbol and no action is required by existing shareholders with respect to this matter. Shareholders holding share certificates of the Company can request a replacement certificate, however new certificates are not required and will not be automatically issued.

About Cypress Development Corp

Cypress Development Corp. is a Canadian based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA . Cypress is in the pilot stage of testing on material from its lithium-bearing claystone deposit and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF Cypress Development Corp.
WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer

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.

View original content to download multimedia: https://www.prnewswire.com/news-releases/cypress-development-changes-name-to-century-lithium-corp-and-new-ticker-symbol-lce-effective-january-30-2023-301731430.html

SOURCE Cypress Development Corp.

View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2023/26/c0306.html

News Provided by Canada Newswire via QuoteMedia

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CYPRESS DEVELOPMENT CONFIRMS PRODUCTION OF BATTERY GRADE LITHIUM CARBONATE

TSXV: CYP | OTCQX: CYDVF

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) (Cypress or Company) is pleased to report it has achieved a significant milestone with the production of 99.94% lithium carbonate (Li 2 CO 3 ) made from lithium-bearing claystone from the Company's 100%-owned Clayton Valley Lithium Project in Nevada, USA (Project). The Li 2 CO 3 was derived from the intermediate concentrated lithium solution produced at Cypress' Lithium Extraction Facility in Amargosa Valley, Nevada (Pilot Plant). Following direct lithium extraction (DLE) at the Plant, Saltworks Technologies Inc. (Saltworks) completed the processing system design and pilot work to make the Li 2 CO 3.

News Provided by Canada Newswire via QuoteMedia

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Constituent	Concentration	Battery Grade Spec -Li ₂ CO ₃	Cypress Li ₂ CO ₃
Li ₂ CO ₃	wt%	>99.5%	99.94 %
H ₂ O	wt%		0.01 %
Na	wt%		0.02 %
Ca	wt%		0.02 %
Al	Wppm		6
Cu	Wppm
Ni	Wppm
Zn	Wppm
Cl	wt%		0.008 %

CYPRESS DEVELOPMENT PROVIDES CORPORATE UPDATE

How AI is being deployed

From policy bottlenecks to permit approvals

Lithium's boom/bust cycle

Western refining capacity

Partnership and collaboration

Recycling as a resource

Investor Insight

Overview

Company Highlights

Key Projects

Raleigh Lake

Firesteel Project

Wolf Ridge Project

Southern Africa Exploration Initiative

Management Team

John Wisbey – Chairman and CEO

Maurice Brooks – Director and CFO

Anthony Kovacs – Director and COO

Ross Thompson – Non-executive Director

Geoffrey Baker – Non-executive Director

Muhammad Memon – Corporate Secretary and Financial Controller

Robust growth projections

China's place in western supply

Financing the future

Investor Insight

Overview

Company Highlights

Key Projects

Canada

Lac Carheil Flake Graphite Project (MLS 100 percent)

Corvette River Gold, Silver and Base Metals Project (MLS 100 percent)

Australian Projects

Manindi Project (MLS 80 percent)

Warrego East Project (MLS 80 percent)

Management Team

Paul Ferguson – Chief Executive Officer

Tanya Newby – CFO and Joint Company Secretary

Michael Muhling – Joint Company Secretary

Chris Ramsay – General Manager Geology

Board

Michael Scivolo – Non-executive Chairman

Alexander Biggs – Non-executive Director

Rachelle Domansky – Non-executive Director

Basil Conti – Non-executive Director

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