Mr. Frank Basa reports

GOLD BULLION COMMENCES 2015 EXPLORATION AT GRANADA IN ADVANCE OF PLANNED HIGH-GRADE ROLLING PRODUCTION START

Gold Bullion Development Corp. has started 2015 phase I exploration in the prolific Long Bars zone of the Granada gold property. Meanwhile, historical data from over 400 drill holes are in the final stages of being integrated into a new resource model for this important project adjacent to the historical mining community of Rouyn-Noranda, Que.

Highlights of current exploration developments:

• Trenching is being carried out over strategic areas immediately west and up to two kilometres east of the planned high-grade rolling production start area;
• Trenching is designed to demonstrate continuity and extent of mineralization, while also defining potential new high-priority drill targets;
• Geochemical water sampling suggests mineralization in this emerging mining camp may extend farther west than previously thought.

Management is dually focused on the planned rolling production start, with 25 of the 26 permits received, and upgrading the existing resource estimate from November, 2012, using a one-gram-per-tonne gold cut-off grade as shown in the attached table.

  NOVEMBER, 2012, GRANADA RESOURCE ESTIMATE

Category       Tonnes   Grade (g/t)        Oz

Measured    7,810,000         2.14    536,000
Indicated   5,347,000         2.32    398,000  
Total M&I  13,157,000         2.21    934,000
Inferred    8,600,000         2.23    617,000

* The November, 2012, resource estimate for Granada
was prepared by SGS Canada Inc.
** Above table uses one-gram-per-tonne gold cut-off.
Refer to press release dated Nov. 15, 2012

Gold Bullion continues to target higher-grade mineralization in the Long Bars zone that stretches up to eight kilometres east-west. Numerous promising areas, especially extending laterally and to the north, have yet to be systematically explored or require follow-up work, including two corridors of mineralization leading from the planned initial high-grade starter pit area toward the west where a north-northeast deformation zone appears to be an important structural feature.

Frank J. Basa, Gold Bullion president and chief executive officer, commented: "Our corporate goal is to grow into a 100,000-ounce-per-year open-pit producer for 10 years following the rolling start, with an underground operation thereafter. With technical consultants GoldMinds Geoservices Inc. and SGS Canada, this large-scale project is in exceptional hands, so it is being developed efficiently with industry-leading standards.

"Our proposed initial high-grade production, outlined in a robust prefeasibility study released in May of last year and based on a gold price of $1,400, represents just the start of the golden highway at Granada. Our aim is to make 2015 a transformational year for this company," Mr. Basa concluded.

The mesothermal structurally controlled vein-type deposit at the 60-square-kilometre Granada property remains open in all directions.

Only minimal drilling below the 330-metre vertical mark has occurred thus far at Granada. Initial deep drill holes in a 2012 test confirmed that gold mineralization in the Long Bars zone continues to a vertical depth of at least one kilometre. Currently, another company on the Cadillac trend is contemplating mining below a vertical depth of three kilometres. Deposits in this region tend to have deep high-grade roots, which can significantly extend the life of a mine well past early projections.

Additionally, the company is confident that once Granada is in production, silver credits may become an important factor at this mine. Historical reports for Granada from the Royal Canadian Mint show that for every 100 ounces of gold refined, 18 ounces of silver was produced.

"Emerging producer. Enterprising explorer." -- New Gold Bullion corporate presentation

Gold Bullion's new corporate presentation can be viewed on the company's home page.

Qualified person

Claude Duplessis, PEng, of GoldMinds Geoservices, consultant for Gold Bullion, has reviewed and approved the contents of this news release as a qualified person independent of Gold Bullion within the meaning of National Instrument 43-101 regulations.

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