VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/16/12 -- Cypress Development Corp. (TSX VENTURE: CYP) (PINKSHEETS: CYDVF) announces that it has issued 50,000 common shares and paid the sum of $7500 in connection with its Property Option Agreement dated January 14, 2010 with Robert D. Marvin, whereby the Company has been granted an option to
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