Cypress Development Corporate Presentation

Corporate Presentation
February 2022

2
Cautionary Statement
CYPRESS DEVELOPMENT CORP
TECHNICAL INFORMATION
Scientific and technical information in this presentation about the
Cayton Valley Lithium Project was reviewed and approved by William
Willoughby, PhD, PE, Cypress Development Corp.’s President, CEO
and Director and a qualified person under National Instrument 43-
101 Standards of Disclosure for Mineral Projects (NI 43-101). More
detailed information about the Clayton Valley Lithium Project,
including a description of key assumptions, parameters, methods
and risks, is presented in the NI 43-101 technical report of Cypress
Development Corp. dated effective August 5, 2020 – amended
March 15, 2021, titled “NI 43-101 Technical Report Prefeasibility
Study Clayton Valley Lithium Project Esmeralda County, Nevada”,
available on SEDAR.
The Mineral Resource and Mineral Reserve estimates contained in
this presentation were prepared in accordance with the requirements
of securities laws in effect in Canada, including NI 43-101, which
governs Canadian securities law disclosure requirements for mineral
properties. NI 43-101 differs significantly from the requirements of
the United States Securities and Exchange Commission (SEC) that
are applicable to domestic United States reporting companies. Any
mineral reserves and mineral resources reported by the Company
herein may not be comparable with information made public by
United States companies subject to the SEC’s reporting and
disclosure requirements.
ADDITIONAL REFERENCE MATERIALS
This presentation should be read in conjunction with Cypress
Development Corp.’s (Company) news releases, latest Management
Discussion and Analysis and Financial Statements for the nine
months ended September 30, 2021, Technical Reports, Annual
Information Form and Management Information Circular, for full
details of the information referenced throughout this presentation.
These documents are available on the Company’s website at
www.cypressdevelopment.com or on SEDAR.
FORWARD LOOKING STATEMENTS
This document contains forward looking statements and information
within the meaning of applicable Canadian and United States
securities legislation and readers should read the cautionary notes
contained on the slide titled “Forward Looking Statements &
Disclaimer” in the Appendix of this document.

3
WHY Cypress
• Large land package
• 40+ year life of mine
• Multi-million tonne LCE Resources & Reserves
✓
• 20 Acres at Tonopah Airport Industrial Park
• Large Facility Permitted for pilot testing
• Lionex Direct Lithium Extraction (“DLE”) license
purchase with Chemionex inc.
• Unique ClorAlkali process
• Water Rights Agreement – Completed Dec 2021
• Water resources in Nevada are limited
• Essential in developing Clayton Valley Lithium Project
Resources
Technology
Facility
Water

4
2022 Objectives
✓ BOT Deal financing $18.1M
✓ Expanded lease on pilot plant (Amargosa Valley)
✓ Completed 3-, 7-, and 14-day continuous testing
✓ Contracting Feasibility Study consultants
✓ Contracting Environmental consultants for permitting
✓ Additional bulk sampling for continued pilot plant operation
✓ Hydrogeologic work to utilize water permit

5
Issued & Outstanding 134.1 M
Warrants 11.5 M
Options 6.3 M
Fully Diluted 151.9 M
Market Capitalization ~$ 230 M
Cash Position*
Bought Deal Financing
~$ 22.9 M
$18.1 M
TSXV 52 Week High – Low
OTCQX 52 Week High – Low
$2.61 – $0.83
US$2.13 – $0.68
TSXV: CYP
OTCQX: CYDVF
• As at January 31st, 2022
• Chart Updated February 14th, 2022
• * Cash position does not include funds from Bought Deal Financing
• Bought Deal Financing Closed February 4th, 2022

Board of Directors
Cassandra Joseph, Esq.
CHAIR
20+ years legal experience in mining and metals,
environmental and corporate law
William Willoughby, PhD, PE
PRESIDENT, CEO & DIRECTOR
45+ years of experience in all aspects of natural
resources development, production and financing
Bryan Disher
DIRECTOR
37+ years of experience in corporate finance, retired
partner from PwC Canada, CPA, CA
Don Myers
DIRECTOR
35+ years experience in management and investor
relations for resource and technology companies
Ken Owen M.Sc
DIRECTOR
40+ years experience in mining management
including De Beers, Anglo American and SRK
James G. Pettit
DIRECTOR
30+ years experience in corporate finance,
executive management & compliance
6

Management
7
William Willoughby, PhD, PE
PRESIDENT, CEO & DIRECTOR
45+ years of experience in all aspects of natural
resources development, production and financing
Abraham (Braam) Jonker, CPA, CA
CHIEF FINANCIAL OFFICER
30+ years experience in natural resources and
accomplished financial leader in the mining
industry
Daniel Kalmbach, CPG
MANAGER, GEOLOGY
22+ years experience in natural resources geology
and environmental project management
Adam Knight, PE
PROJECT MANAGER
26+ years experience in management and
operations of mining corporations
Spiros Cacos, MA
VICE PRESIDENT, INVESTOR REALTIONS
20+ years experience in investor relations, ranging
from exploration and development to production

8
Lithium: US “Critical Mineral”
✓ US Government designated Lithium as a “Critical Mineral”
of strategic importance in December 2017. (Executive
Order 13817 – A Federal Strategy to Ensure, Secure and
Reliable Supplies of Critical Minerals)
✓ “Critical Mineral” designation favours domestic sources of
Lithium across the supply chain
✓ Section 3 of the policy calls for identification of new
sources of the minerals, increasing exploration mining and
processing and streamlining permitting

US Policy
President Biden Executive Order
146017
Department of Energy (DOE)
Advanced battery report (100-day
review)
Strengthen US manufacturing
requirem ents: federally- funded
grants, R&D contracts, co-op
agreements.
Procure stationary battery
storage.
Financing of advanced battery
supply chain for EVs
Release National Blueprint for
Lithium Batteries.
The program has $17 billion in
loan authority.
Blueprint includes 5 critical goals
and key actions, with proposed
near-term and long-term
objectives.
$260 million+ in project
investments, including E S S
$ 2 0 0 million+ to support battery
technology research,
development, demonstration.
$8 billion+ in climate and energy
innovation
The Federal Energy Management
Program (FEMP) –evaluate
opportunities for E S S at federal
sites and provide technical
assistance.
Advanced Technology Vehicles
Manufacturing Loan Program
(ATVM) –loans to manufac-
turers of advanced technology
vehicle battery cells & packs
The Federal Consortium on
Advanced Batteries (FCAB) - 10-
year plan to develop a domestic
lithium battery supply chain
9 SOURCE: BENCHMARK MINERAL INTELLIGENCE – Q4 2021 Forecast – CYPRESS DEVELOPMENT CORP

Lithium chemicals balance (tonnes LCE)
40,000
20,000
0
-20,000
-40,000
-60,000
-80,000
-100,000
-120,000
-140,000
-160,000
-180,000
-20 0,0 0 0
2015
2016
2017
2018
2019
2020
2021
2022
2023
2
0
2
4
2
0
2
5
2
0
2
6
2027
2
0
2
8
2
0
2
9
2030
Lithium Hydroxide
Lithium Carbonate
6,000,000
5,500,000
5,000,000
4,500,000
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
2018
2038
2025
2015
2020
2016
2022
2040
2017
2019
2021
2023
2024
2026
2027
2032
2028
2029
2039
2030
2031
2033
2036
2034
2035
2037
Demand
Lithium Carbonate
Lithium Hydroxide
SOURCE: BENCHMARK MINERAL INTELLIGENCE – Q4 2021 Forecast – CYPRESS DEVELOPMENT CORP
10

* Adjoining Cypress
Nevada Lithium Projects
Host COMPANY PROJECT PROJECT STATUS
Brine Albemarle * Silver Peak Operation Producing
Schlumberger/ Pure Energy * Clayton Valley PEA, Pilot Plant, Permitted
Clay / Claystone Ioneer Rhyolite Ridge Feasibility, Pilot Plant
Lithium Americas Thacker Pass PFS, POO, Pilot Plant
Cypress Development Clayton Valley PFS, Pilot Plant
Iconic Bonnie Claire PEA
Noram Lithium *
American Lithium
Enertopia *
Spearmint *
Zeus
Tonapah
Clayton Valley
McGee
PEA
Resource Estimate
Resource Estimate
Resource Estimate
11

12
Project Location
Clayton Valley
Lithium Project
Amargosa Valley Pilot
Plant
✓ 100% owned
✓ 6,500 acres federal BLM claims
✓ 3% NSR
✓ Option to buy-down to 1% for $2M

13
Pilot Plant
Amargosa Valley Site
✓ Permitted for operation
✓ Existing facility
✓ Management and operators in place

14
Resources
INDICATED
Tonnes (Million) Li ppm Tonnes LCE (million)
1,304 905 6.3
Reserves PROBABLE RESERVE
Tonnes (Million) Li ppm Tonnes LCE (Million)
213 1,129 1.28
Note: See footnotes on determination of Resources and Reserves in the Appendix and the Prefeasibility Study; effective date August 5, 2020 - amended March 15, 2021.

15
Deposit Features
✓ Extensive flat-lying deposit
✓ Lithium in illite and montmorillonite clays to
depth of at least 150m below surface
✓ Minimal gravel overburden
✓ Soft clay, requires no drilling & blasting
✓ Leachable clay, low acid consumption
✓ Potential by-products, including REEs

16
Pre-Feasibility Study Results *
25.8%
Internal Rate of Return (IRR)
$1.03 billion
Net Present Value (NPV 8%)
4.4 years
Payback Period
15,000 tpd for 40 years
Operating Rate
$493 million over 2 years
Capital Cost Estimate
83%
Net Lithium Recovery
$9,500/tonne
Base Case Price for Lithium Carbonate
27,400 tonnes
Average Production Lithium Carbonate
$3,387/tonne
Operating Cost for Lithium
After-Tax Cash Flow Analysis ($US)
* Effective Date August 5, 2020
Amended March 15, 2021

17
PFS Design Assumptions
✓ Operating rate of 15,000 tpd
✓ 5.5 million tpy mill feed @ 1100 ppm Li
✓ 40-year mine life
✓ < 0.3 : 1 strip ratio (O/B to feed)
✓ Conveyor from pit to leach plant
✓ 2,500 tpd sulfuric acid plant on site
✓ Agitated tank leaching followed by DLE recovery
of Lithium
✓ Production of Lithium Hydroxide on-site
✓ Production estimate of 27,400 tonnes LCE
TAILINGS
PIT
Waste
PLANT
Low
grade

18
Processing Options
Mining
Feed
Preparation
Leaching Filtration
Lithium
Recovery
Lithium
Product
Tailings
Acid
Plant
Process
Water
Return to
Process Water
Mining
Feed
Preparation
Leaching Filtration
Lithium
Recovery
Lithium
Product
Tailings
Acid
Plant
Process
Water
Return to
Process Water
Sulfuric Acid (H2SO4)
Sulfur
(trucked to site)
Electric Power
(No Co-Gen)
Hydrochloric Acid (HCl)
Co-Gen Power NaCl
(brine)
Easier Filtration = Better Washing of Tailings
Higher Slurry Density = Less Process Water Required
Sulfuric Acid Plant Minimizes External Power
Note: PFS Base Case
HCl
H2SO4
NaOH
✓ Greener Alternative

19
Pilot Plant Configuration
Sample Feed
Leach Tank
Thickener
Tailings Thickeners
Belt Filter
Primary & Secondary
Impurity Removal
Lionex
Lithium
Recovery
Tertiary
Impurity Removal
Tank
Tank
Tank
Tank
Tailings
Bag
Tank

20
Pilot Plant Objectives
PLANT AREA OBJECTIVE
Overall ✓ Optimize lithium extraction
Leaching ✓ Feed size, time and conditions
Tailings ✓ Washing, moisture content
Solution Treatment ✓ PIR/SIR/TIR performance
Lionex Process ✓ Efficiency, optimize costs
LiOH Product ✓ Quality of product
ClorAlkali ✓ Purity of solution

21
Initial Progress Results
✓ Leaching performing as expected
• Solution grades of 350 to 700 ppm
lithium
✓ The DLE process functioning well
• Yielding a return solution back to leach
of less than 10 ppm lithium
✓ Combined Primary and secondary impurity
removal stages to improve efficiency
• Delivering low impurity solutions to the
DLE process
✓ Solids-liquid separation and washing of the
tailings performing very well
✓ Operating improvements are being tested

22
Extraction Testing of Lithium-Bearing Claystone

23
Pilot Plant Photos

24
Environmental & Social Governance
✓ Initial baseline studies completed
✓ Project design considers minimizing environmental impact
✓ Opportunities for renewable energy to be also considered
✓ Focus on effective water and land management
✓ Commitment to working with local communities for a safe and
sustainable operation
✓ Additional ESG consultant/advisor being selected

25
Summary
✓ Advanced stage lithium clay project
✓ Large resource
✓ Water Rights Agreement in place
The Project
✓ Strong treasury $ 22.9 M
✓ Additional $ 18.1 M from Bough Deal Financing
✓ Experienced management
The Company
Pilot Plant Program
✓ Testing underway
✓ Initial results slowly coming in
✓ Advancing to Feasibility Study
Permitting
✓ Favourable location
✓ Potential for minimal impacts

26
Upcoming Catalysts
PILOT PLANT
Extraction testing of lithium underway
Initial Results - Positive
Final Results Q1
FEASIBILITY STUDY
Commencing in Q1
INFRASTRUCTURE & PERMITTING
Ongoing

27
Appendix

28
Appendix

Portable electronics
Demand growth rates from portable electronics have gradually slowed since the mid-2000s.
While growth will continue from these markets the rate will be limited due to the maturity of
key application markets. The stability, density and availability of the LCO cathode means this
will remain the primary chemistry choice in these markets, although some high-nickel
chemistries are being deployed in power tools and powerpack application.
Benchmark Minerals forecasts a 4.02% C AG R in this market over the next 10 years.
29%
Mobile phones
13%
Power tools
5 8 %
Other portable
2021
80 %
13 %
LC O NCM Other
29

Stationary storage
Growth of lithium-ion battery demand from
stationary storage applications is expected to
accelerate through to the mid-2020s when
growth rates will slow as markets become more
mature. The cost and quality improvements in
battery chemistry for EV applications will facilitate
high penetration levels in a range of residential
and commercial markets, despite lithium ion not
necessarily being the most efficient technology to
use in these areas. Benchmark Minerals forecasts
stationary storage demand to grow at a CAGR of
35%, over the next 10 years, overtaking portable
electronic demand by 2025.
0 %
10%
20%
30%
40 %
50 %
60 %
70 %
80 %
90 %
10 0 %
110 %
120 %
130 %
40 0,0 0 0
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
MWh Demand Growth rate (%)
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
Grow th Stationery

Electric Vehicle adoption rates will have the biggest impact on lithium ion battery demand over the forecast period. According
to Rho Motion, EV sales are expected to reach 16.8m units by 2025, which would equate to a 16.4% penetration rate. Our
demand model includes upside/downside cases to this base assumption.
Benchmark Minerals’ base case forecasts EV demand to increase by 43% from 2021 to 2022 and a CAG R of 24% over the coming
10 years.
Passenger/Light Duty EVs
A total of 8 5 m vehicles are expected to be sold in 2021
according to Rho Motion, around 6.3m of which will be
electric, rising to over 16m by 2025.
Medium & Heavy Duty
The use of lithium ion batteries for heavy duty vehicles
has been a major growth driver in EV demand and e-bus
and e-trucks continue to experience healthy growth
rates, with unit sales set to climb 3 0 % from 2021 to 2022
Battery Packs
The size of battery packs continues to increase with
improvements in pack technology. The average pack size for
passenger and light duty vehicles is expected to reach an
average of 41 kwh in 2021, rising to 49.4 kwh by 2025.
Electric vehicles

Governments have reaffirmed EV support in post-COVID
stimulus efforts
0
200
40 0
60 0
80 0
1,0 0 0
0 .1
B illion US D
2.2
2.5
4.3
8.8
853
220 220
148
110
• The chart below outlines COVID-19 stimulus funds, highlighting specific EV measures as share of the fund.
China: State Subsidies
extend ed to 20 22. Plan
to expand total
charging network by
50%. 10 cities also
released new subsidy
schemes.
Spain: Rescue package
focusing on renewing
the fleet through
electric adoption. Tax
incentives and aids for
research and
innovation.
France: Subsidy
increased by €1,000
for first 200,0 0 0
vehicles. Extension of
ADVENIR program
providing financing
for EV charging
infrastructure.
Germany: Subsidy
increased by €3,000.
VAT cut by 16-19%.
Tax system to be
realigned from 2021
to increase ICE
vehicles tax.
Total Amount
Specific EV funding
UK: Industrial
Strategy Challenge
Fund driving the
electric revolution
challeng e – support
for business research.
France
U K
C hina S pain Germ any
32

33
Lithium Deposit Types
Sedimentary Brine Hardrock
Mine Product
Lithium Carbonate
(Li2CO3)
Lithium Carbonate
(Li2CO3)
Spodumene Concentrate
(6% Li2O)
Typical Grade 1,000-3,000 ppm Li 500-1,000 ppm Li 4,500-7,000 ppm Li
Production Steps
Mining
Acid Leaching
Evaporation
Crystallization
Pumping of Brine
Evaporation
Crystallization
Mining
Crushing and Grinding
Roasting
Acid Leaching
Evaporation/Crystallization
Estimated Cash Costs
($/tonne Li2CO3 )
$3,387
*Cypress PFS
$2,500 – 4,000 ** +$6,000 **
** Industry and company reports

34
Sedimentary Hosted Lithium Projects
CYPRESS DEVELOPMENT CORP |
Project
Clayton Valley
(TSXV:CYP)
Operating Cost
~$3,400 / tonne
LCE
Development
Stage
PFS
Market Cap (C$) ~300 M
Project
Thacker Pass
(TSX:LAC)
Operating Cost
~$2,600 / tonne
LCE
Development
Stage
PFS, POO
Market Cap (C$)
~4.8 B
*Argentina + Nevada Assets
*Majority of MC due to Brine
Project
Rhyolite Ridge
(ASX:INR)
Operating Cost
~$2500 / tonne
LCE
Development
Stage
FS
Market Cap (C$) ~1.2 B
Project
Sonora
(AIM:BCN)
Operating Cost
~$3,400 / tonne
LCE
Development
Stage
FS
Market Cap (C$) ~383 MM
4800
1200
380 300
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Lithium Americas
(TSX:LAC)
Ioneer Ltd (ASX:INR) Bacanora Lithium
(AIM:BCN)
Cypress Development
(TSXV:CYP)
Market Capitalization (CAD)

35
Capital Cost
Estimate
CYPRESS DEVELOPMENT CORP |
Area $ x 1,000
Facilities 5,891
Mine 34,768
Plant 306,855
Infrastructure 25,907
Owners Costs 24,992
Contingency & Working Capital 94,704
Total Capital Cost 493,115
Area $ x 1000
Feed Preparation 10,731
Leaching 14,358
Filtration 32,211
Tailings Handling 3,589
Li Recovery 44,930
Acid Plant 102,585
Construction Directs 56,858
Total Direct 265,262
Indirect 41,593
Total Plant 306,855

36
Operating Cost
Estimate
Area
Avg Annual
$ x 1000
Mill Feed
$/t
Mining 10,787 1.98
Processing 77,758 14.27
G&A 3,550 0.65
Total 91,925 16.90

Contact
Spiros Cacos
Vice President, Investor Relations
T +1 604 764 1851
info@CypressDevelopmentCorp.com
TSXV CYP | OTCQX CYDVF
CypressDevelopmentCorp.com

Cypress Development Corporate Presentation

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