VANCOUVER, BC, Aug. 27, 2021 /CNW/ - Cypress Development
Corp. (TSXV: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) ("Cypress"
or "the Company") is pleased to announce the appointment of
Ms. Cassandra Joseph as
non-executive Chair and Mr. Bryan
Disher as non-executive director to its Board of Directors
("Board") effective immediately. Ms. Joseph will succeed Mr.
Donald C. Huston, previous Chairman
and President, who will remain on the Board as a non-executive
director. In addition, the Company wishes to announce that Dr.
William Willoughby will assume the
role of President in addition to his role as Chief Executive
Officer ("CEO") with immediate effect.
"Cassandra's extensive legal, commercial, and corporate
experience provide the perfect background for her to lead our Board
as we move the Company forward through feasibility and beyond,
stated Dr. Willoughby, President and CEO of Cypress. "We thank
Don Huston for his years of service
and immeasurable contributions to the Company and look forward to
his continued guidance as a director."
Ms. Joseph joined the Cypress Board on June 1, 2021, and Dr. Willoughby has been serving
as the Company's CEO since 2017. Ms. Joseph is an attorney with
over 20 years of legal experience, in mining, environmental and
corporate law. She has diverse experience delivering practical
legal advice in both the public and private sectors.
Mr. Disher is a retired partner from PwC Canada and has 37 years
of experience with the firm's practices in Canada, Australia, and Ukraine. He has assisted companies with public
offerings in Canada and
the United States, acquisitions,
financial reporting, regulatory compliance, and governance. He
served on the Board of Directors of PwC Canada for eight years,
including a term as Chair. Mr. Disher currently serves as a
Director for Rubicon Organics Inc. and Minds + Machines Group
Limited and previously as a Director of Balmoral Resources Ltd. Mr.
Disher is a CPA, CA and holds a Bachelor of Business Administration
from the University of New
Brunswick.
"Bryan's extensive experience in financial reporting, regulatory
compliance and governance will be an addition to the Board as we
seek to execute on our development strategy for Clayton Valley", stated Dr. Willoughby.
About Cypress Development Corp:
Cypress Development Corp. is a Canadian 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. The results of a
positive Pre-Feasibility Study for the Clayton Valley Lithium
Project were announced by Cypress Development in June 2020. Cypress Development trades on the TSX
Venture Exchange under the symbol CYP, and on the OTCQB under the
symbol CYDVF.
ON BEHALF OF CYPRESS DEVELOPMENT CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & CEO
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". 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.
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SOURCE Cypress Development Corp.