Cypress Development Corp: Cypress Development Update on Lithium Extraction Pilot Plant Cypress Development Corp. ( Frankfurt: C1Z1) ("Cypress" or "the Company") is pleased to provide an update on its ongoing pilot plant construction in Nevada. Equipment deliveries are on track and plant assembly is expected to commence by month end at the leased facility in Amargosa Valley. The plant remains on schedule is expected to be fully operational in July 2021. The Company has entered into a services agreement with Chemionex Inc. ("Chemionex"), an Ontario based company and innovator in hydrometallurgical process development and direct lithium extraction technology ("DLE") to advise on the DLE section of the pilot plant. Chemionex's owner, Craig Brown, is an internationally recognized expert on aqueous-based chemical separations in the field of ion exchange, with extensive experience in electrochemistry, adsorption, filtration, membranes, evaporation and crystallization.