September 4, 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 18,091,019 flow-through units (“FT Units”) at a purchase price of CDN $0.065 per FT Unit and 6,952,698 non-flow-through units (“NFT Units”) at a purchase price of $0.05 per NFT Unit for gross proceeds of $1,523,551. 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 September 6, 2016, at a purchase price of $0.10 per share. Each NFT Unit consists of one non-flow-through common share in the capital of the Company and one transferable share purchase warrant, each warrant entitling the holder to purchase one non-flow-through common share in the capital of the Company on or before September 6, 2016, at a purchase price of $0.10 per share.