Mr. Frank Basa reports
GOLD BULLION DEVELOPMENT CORP. - SHAREHOLDER GOLD ROYALTY PROGRAM
Gold Bullion Development Corp. is providing an update with respect to its proposed shareholder gold royalty
program.
The shareholder gold royalty is being developed so that Gold Bullion
shareholders can participate in the security of gold ownership. The
proposed shareholder gold royalty is intended to allow Gold Bullion
shareholders to receive a dividend payable in gold on a pro rata basis,
based on the number of Gold Bullion shares held on the dividend record
date. Shareholders who do not have a gold metal account or for other
reason may not be able to receive the physical metal will be able to
receive their dividend in Canadian dollars.
Gold Bullion intends to implement the shareholder gold royalty if and
when the Granada gold mine enters into production. The shareholder
gold royalty will be for the life of the Granada gold mine for all
current resources and for other resources that may be discovered
through further exploration. Gold Bullion cannot guarantee that the
Granada gold mine will enter into production or that the proposed
shareholder gold royalty will be implemented. The proposed shareholder
gold royalty replaces the shareholder gold purchase program outlined in
Gold Bullion's news release dated June 4, 2008, and is part of Gold Bullion's forward-looking policy of ensuring
shareholder value. Gold Bullion will inform shareholders of the
details of the shareholder gold royalty as the program is developed.
We seek Safe Harbor.
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