Mr. Frank Basa reports

GOLD BULLION ANNOUNCES RESIGNATION OF SUBSIDIARY DIRECTOR

Ken Hight, a director of Castle Silver Mines Inc., a wholly owned subsidiary of Gold Bullion Development Corp., has resigned from the board to pursue other interests. Mr. Hight served on the board of directors since 2011. The company thanks Mr. Hight for his time and service and wishes him well in his future endeavours.

Castle Silver Mines

Castle Silver Mines was incorporated in March, 2011, as a wholly owned subsidiary of Gold Bullion, for the purpose of taking over the silver assets and exploration activities carried out by Gold Bullion, so that Gold Bullion could devote itself solely to exploration for gold. Castle Silver Mines currently owns the Castle Silver mine property located in Gowganda, Ont.