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May 26, 2016 – Gold Bullion Development Corp. (TSX: V: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) is very pleased to report that the Certificate of Authorization, “C of A” from the Quebec Government’s Ministry of Environment or “MDDELCC” has now been obtained for gold mining at Granada as set out in the Company’s 2014 preliminary feasibility study (PFS) for 75,000 ounces of near surface high grade gold at a cash cost of US $797 per ounce. The details of the PFS can be found in the Company’s news release and Technical Report, both dated June 19, 2014 available on SEDAR.

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