Gold Bullion Development Corp.

Gold Bullion Development Corp. has arranged a non-brokered private placement offering of 15 million units at a price of five cents per unit for gross proceeds of $750,000. Each unit is composed of one common share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of 10 cents per share for a period of two years from closing, subject to the acceptance of the TSX Venture Exchange.

The proceeds of the private placement will be used for general working capital purposes. The shares and warrants to be issued with respect to the private placement will be subject to a four-month-and-a-day hold period in accordance with applicable securities laws.