Mr. Frank Basa reports

GOLD BULLION ANNOUNCES NEW DRILL PROGRAM AT GRANADA

Gold Bullion Development Corp. has started a new drill program on the company's flagship Granada property located along the Cadillac trend in northwestern Quebec, five kilometres south of the city of Rouyn-Noranda.

The new drill program is intended to test structures and gold grades at depth on the north extension 2012 project.

The program comprises the drilling of two deep holes on the northern edge of the property, and within these holes, a minimum of one wedge will be added in order to have two pierce points per hole, generating a total of four pierce points (two cross-sections with two intersections). The two deep holes will be followed up with a third hole located between the two sections and the existing known drilled area in order to confirm the extent of the panel. In addition, a wedge in the third hole is also being considered.

Two drills from Landdrill International Ltd. are currently on the site with drilling to begin in short order. Based on current information, the mineralization trend is relatively east-west dipping north 50 to 70. The zones are cut by north-northeast faults; therefore, the program will put the holes due south in order to avoid following one of these faults even with a possible deviation to the right. Holes should start in HQ down to a depth of 400 metres followed by NQ. In the event problems are encountered within NQ, the smaller-diameter BQ will follow at depth.

The program details are as follows:

• Hole 12-01 for 1,660 metres at minus 78 due south;
• Hole 12-01a(w) wedge at 530 m for 1,050 m due south aiming up at minus 70 or better;
• Hole 12-02 for 1,450 m at minus 75 due south;
• Hole 12-02a(w) wedge at 540 m for 900 m due south aiming up at minus 68 or better;
• Hole 12-03 for 1,000 m at minus 75 due south;
• Hole 12-03a(w) wedge at 500 m for 500 m due south aiming up at minus 70 or better.

The total drill program is estimated to be 6,560 metres.

A drill hole location map, as well as the cross-sections with planned holes and wedges, can be reviewed on the Gold Bullion website. Claude Duplessis, Eng, is acting as 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.