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File: 2012-11-20 Press Release.doc

GOLD BULLION ANNOUNCES $3.0 MILLION PRIVATE PLACEMENT
November 20, 2012 - Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) is pleased to announce that it has ent
--->ered into an engagement letter with Casimir Capital Ltd., as lead agent, for a best-efforts private placement of "flow
--->-through" units in a maximum amount of $3 million.
Gold Bullion will issue a maximum of 20 million "flow-through" units at a price of $0.15 per unit, for maximum gross p
--->roceeds to Gold Bullion of $3 million.  Each unit will be comprised of one common share and one-half of a common share
---> purchase warrant.  Each full warrant will entitle its holder to acquire one additional common share of Gold Bullion a
--->t a price of $0.18 for twelve months.
Gold Bullion will use the proceeds from the issuance of the flow-through units for exploration on its properties in Qu
--->ébec.
Purchasers of the "flow-through" units will be entitled to claim a 100% deduction of the amount of their subscription 
--->for Canadian federal and Québec provincial tax purposes for the 2012 taxation year, and individual purchasers wil
--->l be entitled to claim an additional 15% federal investment tax credit in respect of such expenditures.  Individual pu
--->rchasers of "flow-through" units resident in Québec will be entitled to two additional deductions of 25% each.
The private placement will be effected pursuant to prospectus exemptions under applicable Canadian securities legislat
--->ion and is expected to close during the week of December 3, 2012.  The private placement is subject to customary closi
--->ng conditions, including the signing of an agency agreement with Casimir Capital Ltd., and to regulatory approval, inc
--->luding that of the TSX Venture Exchange.  The securities issued by Gold Bullion in the private placement will be subje
--->ct to a four-month "hold period" under applicable Canadian securities legislation.
About Gold Bullion Development Corp. 
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing 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

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-l
--->ooking statements address future events and conditions and therefore, involve inherent risks and uncertainties.  Actua
--->l results may differ materially from those currently anticipated in such statements.