Mr. Frank Basa reports

PRELIMINARY RESULTS FROM THE DEEP HOLE PROGRAM CONFIRMS EXTENSION OF GOLD MINERALIZATION 800 METRES DOWN PLUNGE AND 900 METRES VERTICAL DEPTH

Gold Bullion Development Corp. has released preliminary drill results from holes and wedge holes located to the north of the existing mineralized area of the Granada gold property. The subject property is located along the prolific Cadillac trend in northwestern Quebec, five kilometres south of the city of Rouyn-Noranda.

Frank Basa, Gold Bullion's chief executive officer, is very encouraged by results that consistently demonstrate the presence of widespread significant gold on the Granada property. Hole DUP-12-02 intercepted 4.15 grams per tonne gold over a three-metre core length at 615 metres and 4.58 grams per tonne gold over three metres at 995 metres depth.

The drill plan initially called for three deep holes with one wedge in each hole and commenced with hole DUP-12-03. Due to excessive deviation, this hole was subsequently abandoned at the 400-metre level. Hole DUP-12-03A, located 400 metres north-northeast (12 degrees north) of hole GR-11-390 was drilled just 25 metres to the west of DUP-12-03 and down to a depth of 1,323 metres. Three wedge holes, W1, W2 and W3, were put into DUP-12-03A.

Hole DUP-12-02, located 830 metres north-northeast (24 degrees north) of hole GR-11-390, was drilled down to 1,593 metres with one wedge hole added, W1.

Due to the success of DUP-12-03A, DUP-12-02 and the associated wedges (observation of visible gold and typical alteration zones), and in conjunction with the observation of visible gold in the western extension holes GR-11-375 and GR-11-363 in the backlog program, the drill was reassigned to the western extension to further evaluate near-surface mineralization and hole DUP-12-01 drilling was temporarily put on hold.

The attached table contains the highlights of the preliminary results. These additional gold fire assay results continue to demonstrate low-grade, high-tonnage, near-surface intersections while also confirming specific high-grade zones at depth with thickness and grade suitable for underground mining.

 
                    GOLD BULLION GRANADA           
                HIGHLIGHTS OF PARTIAL RESULTS 
      
Hole                 From          To      Length          Au 
                       (m)         (m)         (m)       (g/t) 

DUP-12-02          607.50      610.50        3.00        4.15
including          607.50      609.00        1.50        8.23
DUP-12-02          992.50      995.50        3.00        4.58
including          992.50      994.00        1.50        9.13
DUP-12-03A         660.00      662.50        2.50        1.38
including          661.00      662.50        1.50        3.21
DUP-12-03A         906.00      909.00        3.00        2.07
including          906.00      907.50        1.50        3.58
DUP-12-03AW1       904.50      907.50        3.00        0.82
including          904.50      906.00        1.50        1.21
DUP-12-03AW2       660.00      663.00        3.00        4.12
including          661.50      663.00        1.50        8.12
DUP-12-03AW2       786.00      789.00        3.00        2.34
including          787.50      789.00        1.50        4.44
DUP-12-03AW2       814.50      817.50        3.00        2.04
including          816.00      817.50        1.50        3.13
DUP-12-03AW2       906.00      909.00        3.00        1.40
including          907.50      909.00        1.50        2.50
GR-11-358            4.50       15.00       10.50        0.53
GR-11-358          149.00      339.65      190.65        0.39
including          149.00      170.00       21.00        1.19
including          149.00      150.50        1.50        6.38
including          165.50      167.00        1.50        3.86
including          237.00      246.00        9.00        0.86
including          271.50      279.00        7.50        2.61
including          328.00      339.65       11.65        0.80

Note: Core length is close to true thickness.

Blanks and standards were inserted into the sequence at the quality assurance/quality control laboratory while the 50-gram fire assay results were provided by Accurassay Laboratory prepared in Rouyn. Fire assays were conducted at its facility in Ontario.

Frank Basa, Gold Bullion's chief executive officer, is pleased as results continue to demonstrate the presence of widespread significant gold on the Granada property in support of the hypothesis encompassing both a low-grade, near-surface mine and a higher-grade underground mine.

Claude Duplessis, Eng, is acting as the qualified person for Gold Bullion Development in compliance with National Instrument 43-101 and has reviewed the technical contents of this press release.

We seek Safe Harbor.