Cypress Development and Skyharbour Resources enter into Sales Agreement for Broulan Reef Property, Red Lake, Ontario

Cypress Development and Skyharbour Resources enter into Sales Agreement for 
Broulan Reef Property, Red Lake, Ontario 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/25/13 -- Cypress
Development Corp. (TSX VENTURE:CYP) (OTC PINK:CYDVF) (FRANKFURT:C1Z)
("Cypress") and Skyharbour Resources Ltd. (TSX VENTURE:SYH) (OTC
PINK:SYHBF) ("Skyharbour") announce that they have signed a property
sale / acquisition agreement (the "Agreement") with Premier Gold
Mines Limited ("Premier"). Cypress and Skyharbour have agreed to sell
to Premier a 100% interest in their jointly held (Cypress 84.33% and
Skyharbour 15.67%) Broulan Reef property consisting of ten renewable
mineral leases located in the Dome Township, Kenora Mining District,
Red Lake, Ontario (the "Property").  
Broulan Reef property location map, Red Lake, Ontario:
 http://www.cypressdevelopmentcorp.com/s/Image.asp?i=maps/CYP_Gold_Ea
gle_Drill_View.jpg 
In consideration for Premier acquiring the 100% interest in the
Property, Premier will pay the companies a total of $1,750,000 cash
(Cypress $1,475,775 and Skyharbour $274,225), issue a total of
160,000 common shares (Cypress 134,928 and Skyharbour 25,072) and
grant a 0.5% net smelter return royalty ("NSR") (Cypress 0.42165% and
Skyharbour 0.07835%). Premier has been granted a right to purchase
the NSR for the sum of $500,000 at any time. 
The Agreement is subject to the acceptance of the TSX Venture
Exchange.  
In other news, Cypress has appointed Robert Marvin (PGeo., B.Sc.,
C.P.G.), as its Vice President of Exploration of its wholly-owned
subsidiary, Cypress Holdings (Nevada) Ltd. Mr. Marvin has a strong
history in project exploration and development throughout the
Americas. He has been involved in mineral exploration for and
evaluation of gold, copper, zinc, and uranium deposits both along the
entire Cordillera and in several areas of the Archean shield as an
employee and as an independent consultant. Bob graduated from the
University of New Mexico with a Bachelor of Science degree in geology
in 1984.  
About Cypress Development Corp.: 
Cypress Development Corp. is a diversified precious and base metals
exploration and development company with properties in Red Lake,
Ontario, Canada, and in Nevada, U.S.A.  
To find out m
ore about Cypress Development Corp. (TSX VENTURE:CYP),
visit the Company's website at www.cypressdevelopmentcorp.com. 
About Skyharbour Resources Ltd.:  
Skyharbour Resources Ltd. is a gold and base metal exploration
company with projects in the Red Lake district of northwestern
Ontario, Canada. 
To find out more about Skyharbour Resources Ltd. (TSX VENTURE:SYH),
visit the Company's website at www.skyharbourltd.com. 
ON BEHALF OF THE BOARD OF DIRECTORS 
James G. Pettit, Director 
This news release may contain certain "Forward-Looking Statements"
that may involve a number of risks and uncertainties. There can be no
assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those
anticipated in such statements. For a more detailed discussion of
such risks and other factors, refer to the Company's filings with
Canadian Securities regulators available on www.sedar.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. 
Contacts:
Cypress Development Corp.
Skyharbour Resources Ltd.
James G. Pettit, Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@cypressdevelopmentcorp.com or info@skyharbourltd.com 
Cypress Development Corp.
Skyharbour Resources Ltd.
Don Myers, Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@cypressdevelopmentcorp.com or info@skyharbourltd.com