FF AA CC TT SS HH EE EE TT October 2012

CC OO RR PP OO RR AA TT EE II NN FF OO RR MM AA TT II OO NN SShhaarree IInnffoorrmmaattiioonn

Stock Exchange: TSX VENTURE Total Outstanding: 150.2 million shares Fully Diluted: 177.9 million shares Financial Year End: December 31st DDiirreeccttoorrss && OOffffiicceerrss

Don Huston: President, Director Jim Pettit: Director Don Myers: Director Amanda Chow: Director Bob Marvin: QP, Exploration Manager LLaawwyyeerrss:: Tupper, Jonsson & Yeadon TTrraannssffeerr AAggeenntt:: Computershare Trust

Company of Canada AAuuddiittoorrss:: Davidson & Company

CC OO NN TT AA CC TT II NN FF OO RR MM AA TT II OO NN Don Myers: Corporate Communications

CCyypprreessss DDeevveellooppmmeenntt CCoorrpp.. Suite 2230, 885 West Georgia Street Vancouver, BC, V6C 3E8, CANADA TTeell:: (604) 687-3376 FFaaxx:: (604) 687-3119 TToollll FFrreeee:: 1-800-567-8181 WWeebb:: wwwwww..ccyypprreessssddeevveellooppmmeennttccoorrpp..ccoomm

OO VV EE RR VV II EE WW CCyypprreessss DDeevveellooppmmeenntt CCoorrpp.. iiss aa CCaannaaddiiaann ggoolldd aanndd bbaassee mmeettaall eexxpplloorraattiioonn ccoommppaannyy ddeevveellooppiinngg pprroojjeeccttss iinn RReedd LLaakkee,, OOnnttaarriioo,, CCaannaaddaa,, aanndd iinn NNeevvaaddaa,, UU..SS..AA.. The Company owns a 100% interest in the Twenty-One Silver-Gold Project in Nevada. Other mining districts in the area include Tonapah, Paradise Peak and Santa Fe, which have a combined production of approximately 4 million ounces of gold and 500 million ounces of silver. Chip sampling of exposed quartz breccia veins on the Twenty-One Silver-Gold property returned assay values from 203 g/t (6.5 oz/t) silver to 2100 g/t (67.7 oz/t) silver and up to 3.4 g/t gold. Red Lake in northwestern Ontario remains one of the richest and most prolific producing gold camps in Canadian mining history with more than 30 million ounces of gold recovered. Cypress holds an 84.3% interest in the Broulan Reef Project and an 80% interest in the McKenzie Island Project, both in the heart of the Red Lake gold camp. The properties are located adjacent to the south and west of Goldcorp’s Cochenour / Bruce Channel Gold Deposit, adjacent to the west of Goldcorp’s / Premier Gold’s Rahill-Bonanza gold project, and 5 miles due west of Goldcorp’s operating Red Lake gold mine. In September 2008, Goldcorp purchased Gold Eagle Mines for $1.3 billion. Gold Eagle’s principal asset was the Bruce Channel gold deposit which is on strike adjacent to the north of Cypress’ Broulan Reef project. Additionally, geologic maps show west-southwest striking mineralized structures on the Rahill-Bonanza project continuing onto the Broulan Reef property. The current drilling is targeting these structures. CCyypprreessss DDeevveellooppmmeenntt CCoorrpp..’’ss ggooaall iiss ttoo iinnccrreeaassee sshhaarreehhoollddeerr vvaalluuee bbyy ddeevveellooppiinngg eexxpplloorraattiioonn pprroojjeeccttss nneeaarr wwoorrlldd--ccllaassss ddeeppoossiittss tthhaatt hhaavvee tthhee ppootteennttiiaall ooff bbeeccoommiinngg nneeww ddiissccoovveerriieess..

Location of Cypress Development’s 84.3% owned Broulan Reef & 80% owned McKenzie Island gold properties in Red Lake, northwestern Ontario. Goldcorp’s Bruce Channel gold deposit immediately to the north and Goldcorp’s / Premier Gold’s Rahill-Bonanza gold project adjacent to the east of the Broulan Reef property.

Qualified Person: Robert Marvin, P.Geo., CPG, Project Geologist for Cypress Development is the Qualified Person as defined by National Instrument 43-101 and supervised both the project field exploration and the preparation of the technical information in this presentation.