VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 05/08/13 — Cypress Development Corp. (TSX VENTURE: CYP) (OTC PINK: CYDVF) (FRANKFURT: C1Z) ("Cypress") and Skyharbour Resources Ltd. (TSX VENTURE: SYH) (OTC PINK: SYHBF) ("Skyharbour") are pleased to announce that further to their news release of February 25, 2013, Cypress and Skyharbour have completed their sale of their 100% interest in their jointly held (Cypress 84.33% and Skyharbour 15.67%) Broulan Reef, Red Lake, Ontari