March 8, 2016 ‐ Gold Bullion Development Corp. (TSXV:GBB) (OTCPINK:GBBFF) (the “Company” or “Gold Bullion”) is pleased to announce that further to its news release dated March 3, 2016, the Company has oversubscribed and closed its private placement offering raising gross proceeds of $830,000. The Company issued 16,600,000 units at a price of $0.05 per unit. Each unit is comprised of one common share and one share purchase warrant with each warrant entitling the holder thereof to purchase one additional common share of the Company at an exercise price of $0.10 per share, for a period of two years from closing, subject to the acceptance of the TSX Venture Exchange.