December 24, 2014 – Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (“Gold Bullion” or the “Company”) is pleased to announce that it has closed a non-brokered private placement financing (“Private Placement”) by the issuance of 19,140,000 flow-through units (“FT Units”) at a purchase price of CDN $0.05 per FT Unit for gross proceeds of $957,000. Each FT Unit consists of one flow-through common share in the capital of the Company and one-half of a non-transferable share purchase warrant, each whole warrant entitling the holder to purchase one non-flow-through common share in the capital of the Company on or before December 23, 2016, at a purchase price of $0.10 per share.