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File: 2012-04-18 Press Release.doc





Suite 1005, 1155 Rene Levesque Street West Montreal, Quebec H3B 2J2 Tel: 514-397-4000  / Fax:  514-397-4002

GOLD BULLION HOLDS 2012 ANNUAL GENERAL MEETING OF SHAREHOLDERS

April 18, 2012 - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") announc
--->es that the 2012 Annual General and Special Meeting of Shareholders (the "Meeting") was held on Thursday, April 12, 20
--->12.

The following individuals were re-elected directors of the Company:  Frank J. Basa, Roger Thomas, Jacques F. Monette a
--->nd Ronald J. Goguen. Shareholders also approved the re-appointment of Bratt Fremeth Star, S.E.N.C., as auditors of the
---> Company. Continuation of the Company's 10% rolling stock option plan and the adoption of a Shareholder Rights Plan we
--->re also ratified and approved.
Immediately after adjournment of the AGM, the Board of Directors re-appointed the following as officers of the Company
--->:
Frank J. Basa:			Chairman, President and Chief Executive Officer Thomas P. Devlin:		Chief Financial Officer Roger Thom
--->as:			Secretary
The Board of Directors also appointed Annemette Jorgensen to the Board. Ms. Jorgensen has been with the Company since 
--->February 2010 in the role of Corporate Development.  She brings a wealth of experience to the Board including mining m
--->edia, public company corporate development, finance, public relations and investor relations. 
Frank J. Basa, Jacques F. Monette and Ronald J. Goguen were appointed members of the Audit Committee for the ensuing y
--->ear with Mr. Basa as Chairman. 
The shareholder voting was overwhelmingly positive in support of the current management, continuation of the explorati
--->on program and the Company direction. Shareholders voted over 95% in favour, (with Management) across all voting categ
--->ories.  The last half of the AGM was spent fielding questions from shareholders on a number of relevant operational ma
--->tters primarily with respect to the Granada property.

About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focused on the exploration and 
--->development of its Granada Property near Rouyn-Noranda, Québec.  Additional information on the Company's Granada 
--->gold property is available by visiting the website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
"Frank J. Basa"

Frank J. Basa, P.Eng.
President and Chief Executive Officer

For further information contact:

Frank J. Basa, P.Eng., President and CEO at 1-514-397-4000 or 
Progressive Investor Relations (Canada) at (604) 689-2881 or via email: info@progressive-ir.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the T
--->SX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contai
--->n forward-looking statements including but not limited to comments regarding the timing and content of upcoming work p
--->rograms, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-lo
--->oking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual 
--->results may differ materially from those currently anticipated in such statements.