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Cypress Development Corp: Cypress Development Update on Lithium Extraction Pilot Plant

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.

Investegate |Cypress Development Corp Announcements | Cypress Development Corp: Cypress Development Update on Lithium Extraction Pilot Plant

Investegate |Cypress Development Corp Announcements | Cypress Development Corp: Cypress Development Update on Lithium Extraction Pilot Plant
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Cypress Development Completes First Step in Chloride Leaching Study for Clayton Valley Lithium Project in Nevada - Press Release

Frankfurt: C1Z1) (“Cypress” or “the Company”) is pleased to report the first stage in the scoping level study into the extraction of lithium using chloride-based leaching is completed. This work consisted of preparation and acid leaching of a large sample from the Company’s Clayton Valley Lithium Project and was accomplished at Continental Metallurgical Services Inc. (CMS) in Butte, Montana. Samples of the leach solution and the initial and final solids were shipped for assay. The remaining steps of testing will focus on the treatment of the leach solutions and are expected to be completed by month end. Sample Selection GCH-08

Investegate |Cypress Development Corp Announcements | Cypress Development Corp: Cypress Development Completes First Step in Chloride Leaching Study for Clayton Valley Lithium Project in Nevada

Frankfurt: C1Z1) (“Cypress” or “the Company”) is pleased to report the first stage in the scoping level study into the extraction of lithium using chloride-based leaching is completed. This work consisted of preparation and acid leaching of a large sample from the Company’s Clayton Valley Lithium Project and was accomplished at Continental Metallurgical Services Inc. (CMS) in Butte, Montana. Samples of the leach solution and the initial and final solids were shipped for assay. The remaining steps of testing will focus on the treatment of the leach solutions and are expected to be completed by month end. Sample Selection GCH-08

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