Gold Bullion Development Corp. (the "Company", TSX.V: GBB) announces a nonbrokered private placement financing consisting of up to 15,000,000 units (the "Units") at a purchase price of $0.215 per Unit to raise gross proceeds of up to $3,225,000 (the "Private Placement"). Each Unit will consist of one common share in the capital of the Company and one-half of a transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share in the capital of the Company for a period of two years from the date of issuance, at a purchase price of $0.30 per share.