Mr. Frank Basa reports

GOLD BULLION ANNOUNCES RESULTS OF 2013 ANNUAL GENERAL MEETING

Gold Bullion Development Corp.'s 2013 annual general meeting of shareholders was held on Friday, March 22, 2013.

The following five individuals were re-elected directors of the company: Frank J. Basa, Roger Thomas, Jacques F. Monette, Ronald J. Goguen Sr. and Annemette Jorgensen. Shareholders also approved the reappointment of McGovern, Hurley, Cunningham, chartered accountants, as auditors of the company and continuation of the company's 10-per-cent rolling stock option plan.

Following the meeting, the board of directors reappointed the following as officers of the company:

• Frank J. Basa: chairman, president and chief executive officer;
• Thomas P. Devlin: chief financial officer;
• Roger Thomas: secretary;
• Frank J. Basa, Jacques F. Monette and Ronald J. Goguen were appointed members of the audit committee for the ensuing year with Mr. Basa as chairman.

AGM presentation

Once business had been addressed, Mr. Basa gave an overhead presentation that illustrated the two pit structures at Granada and noted that the company would like to drill in between the two where the old tailings were located. He went on to say drilling could take place as early as the fall of 2013.

He then took questions from shareholders. In response to a question on the rolling start he stated one of the goals for the rolling start was to confirm grades.

When asked about future financing Mr. Basa indicated that during PDAC the company had set up several meetings and follow up on those was continuing. Mr. Basa went on to explain the company was attempting to secure gold-backed financing without further dilution.

We seek Safe Harbor.