Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) announces it has signed a custom milling agreement with IAMGOLD to process ore from the Granada gold property at their Westwood Mill facilities. The officers of both companies have approved this agreement.

This agreement is a win-win situation for both companies where Gold Bullion will be able to minimize its initial capital investment and IAMGOLD will be able to utilize some of the excess mill capacity at Westwood, which is expected to reduce its overall processing costs.

The signing of this agreement is a significant milestone for the Company and its shareholders as an efficient, direct, well-defined path to commercial gold production using Granada ore via implementation of the “rolling start” concept.