• Cypress Development Corp. (TSX-V: CYP) (“CYP”, or “Company”) continues to advance with its major near-term development initiatives, with the successful set up of its pilot testing plant close to the Clayton Valley Project as well as entering into a purchase agreement for local water rights. We expect these wins to support further advancement of Clayton Valley to the FS stage. • Successful Completion of the Pilot Plant: The company has assembled its pilot testing facility south of the Clayton Valley Project and are set to begin formal testing operations. We expect the facility to advance initiatives around chloride leaching and further define operational parameters for future commercial-scale lithium extraction. We expect activities at the pilot testing stage to push Clayton Valley closer to a FS, which will likely be a valuation driver for the company. • Securing Water Rights: CYP has entered into a purchase agreement for the water rights of a local regional holder, provisionally s