Mr. Frank Basa reports:

GOLD BULLION EXTENDS LONG BARS ZONE TO THE EAST: TWO EARLY PHASE 2 HOLES WITHIN BLOCK MODEL RETURN 123 METRES OF 1.07 G/T AU AND 75 METRES OF 1.50 G/T AU

Gold Bullion Development Corp. (GBB, TSX.V) (the "Company" or "Gold Bullion") is pleased to report significant progress in the advancement of its 100% owned Granada Gold Property as a potential bulk tonnage, open-pit deposit. Located five kilometers south of Rouyn-Noranda, Quebec, along the prolific Cadillac Trend where numerous multi-million ounce gold deposits have been discovered, Granada presents considerable exploration upside as most of Gold Bullion's nearly 50 square kilometre land package surrounding the former mine is just beginning to be explored in a systematic fashion.

The LONG Bars Zone geological structure has been confirmed by GENIVAR, Gold Bullion's geological consultant, to extend east of Phase 1 discovery hole GR-10-17 (the easternmost hole drilled in Phase 1), demonstrating the growing magnitude of this mineralized system which remains open in all directions and appears to be broad-based and near-surface. The east-northeast (ENE) discovery area is outside the Preliminary Block Model and was therefore not part of the calculation of potential non-compliant resources at Granada as outlined in the Company's April 22, 2010, news release.