June 17, 2015 – Gold Bullion Development Corp. (TSX.V: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) announces that its Board of Directors has approved a consolidation of the Company’s issued and outstanding common shares on the basis of every eight (8) pre-consolidated common shares for every one (1) post-consolidated common share. Pursuant to the Business Corporations Act (British Columbia) and the Company’s articles the Board of Directors is authorized to approve certain changes to the Company’s capital structure, including the consolidation, as such, shareholder approval is not required.