Gold Bullion Development Corp.

Mr. Frank Basa reports

Gold Bullion Development Corp. has granted stock options to its directors, officers, employees and consultants to purchase an aggregate of 4.9 million common shares in the capital of the company. The stock options are exercisable for a term of five years at an exercise price of five cents per share. All stock options are granted in accordance with the terms of the company's stock option plan and the policies of the TSX Venture Exchange and will be subject to a hold period of four months and one day.

We seek Safe Harbor.

Financing without a rollback, as Frank Basa said. This will bring in $245,000, which will keep things going, hopefully until that permit arrives.