Mr. Frank Basa reports

GOLD BULLION CLOSES PRIVATE PLACEMENT

Gold Bullion Development Corp. has closed a non-brokered private placement financing by the issuance of 15,212,700 units at a purchase price of five cents per unit for gross proceeds of $760,635. Each unit consists of one flow-through common share in the capital of the company and one-half of a non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase one non-flow-through common share in the capital of the company on or before Jan. 31, 2017, at a purchase price of 10 cents per share.

Of the foregoing, a total of 3.85 million units were subscribed for by three directors of the company (namely Frank Basa, Roger Thomas and Annemette Jorgensen).

In connection with the private placement, the company paid finders' fees consisting of $25,000 in cash and issued 500,000 non-transferable warrants, each warrant exercisable into one common share in the capital of the company on or before Jan. 31, 2017, at a purchase price of 10 cents per share.

All securities issued by the company pursuant to the private placement are subject to a hold period of four months and one day and cannot be resold until June 1, 2014.

Gold Bullion will use the proceeds from the issuance of the flow-through units for exploration on its properties in Quebec.

We seek Safe Harbor.