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Gold/Mining/Energy : Cypress Min. (CYP.V) Diamond Fields clone? -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (588)	3/4/2001 9:54:45 PM
From: 4TNiner	Read Replies (1) \| Respond to of 595

Hi Vaughn, Here you go. Hope it doesn't give you gas. Since this NR new developments re: Gunman suggest that now is the time to accumulate. IMHO CYPRESS DEVELOPMENT CORP ("CYP-V;CYDVF-L") - To Participate as to a 20% Working Interest in Three Gas Wells - in Alberta Donald Huston, President and Director, on behalf of the Board of Directors of Cypress Development Corporation reports: The Company announces that it has entered into an agreement with Rio Petro Ltd. of Calgary, Alberta to participate as to a 20% working interest in three gas wells in the Brooks area of Alberta, by incurring 20% of the drilling and completion costs of the three wells. The drilling of the wells will earn a participation right by Cypress in an additional six sections of adjoining land with the potential of up to 24 gas well locations. Cypress will initially receive 20% of net revenue reverting to 10% of net revenue after pay out. Drilling of the first well started February 19, 2001 with drilling of the next two sites to follow immediately upon completion of the first well. Total cost of the drilling, completion and installion of approximately two miles of pipeline, is estimated to be approximately $390,000. Phase IV work program on Gunman Property, Nevada Cypress also announces the initiation of the Phase IV work program on its Gunman Property in Nevada to commence the beginning of March 2001. The Phase IV work program will start with geophysical and geochemical surveys over the property to be followed up with reverse circulation drilling and diamond drilling to further delineate the size of its high grade zinc oxide discovery. TEL: (604) 687-3376 Cypress Development Corp. FAX: (604) 687-3119 INET : www.cypressdevelopmentcorp.com EMAIL: stocks@ninetyeight.com