Gold Bullion Development Corp. (TSX.V: GBB) (the "Company" or "Gold Bullion") is pleased to report that a 20,000 metre Phase 2 drill program at its 100% owned Granada Gold Property is proceeding ahead of schedule with a total of 9000 metres (47 holes) completed as of this morning. Granada, five kilometers south of Rouyn-Noranda, Quebec, is situated along the prolific "Cadillac Trend" where numerous multi-million ounce gold deposits have been discovered.