Suite 2230 - 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8 www.cypressdevelopmentcorp.com TSX-V Trading Symbol: CYP Telephone: (604) 687-3376 Email: info@cypressdevelopmentcorp.com Facsimile: (604) 687-3119 JOINT NEWS RELEASE October 09, 2008 Cypress & Skyharbour Hire Gold Eagle Mines' Drillers to further Explore the Broulan Reef Bruce Channel / Red Lake Gold Project Vancouver, BC - Cypress Development Corp.

VANCOUVER, Sept. 3 /PRNewswire-FirstCall/ -- Cypress Development Corp. (TSX-V: CYP) (FWB: C1Z) and Skyharbour Resources Ltd.

VANCOUVER, Aug. 1 /PRNewswire-FirstCall/ -- Skyharbour Resources Ltd. (TSX-V: SYH) and Cypress Development Corp. (TSX-V: CYP) (FWB: C1Z) are pleased to issue an update on their Red Lake/Bruce Channel drill program.

Skyharbour Resources Ltd. (TSX VENTURE: SYH) announced that drilling has resumed on its 20% owned, Cypress Development Corp. 80% owned, Broulan Reef property located in the heart of the gold mining district of Red Lake, northwestern Ontario.

Cypress Development Corp. (TSX VENTURE: CYP) today announced that drilling has resumed on its Broulan Reef property located in the heart of the gold mining district of Red Lake, northwestern Ontario.