Mr. Frank Basa reports

GOLD BULLION APPOINTS NEW CFO FOR CASTLE SILVER MINES INC.

Derrick West has resigned, effective April 30, 2013, as chief financial officer of Castle Silver Mines Inc., a wholly owned subsidiary of Gold Bullion Development Corp., in order to pursue other interests. The company thanks Mr. West for his time and service, and wishes him well in his future endeavours.

Thomas P. Devlin, chief financial officer of Gold Bullion, will assume the role of chief financial officer for Castle Silver Mines.

We seek Safe Harbor.