Gold Bullion Development Corp. (TSXV:GBB) (OTCPINK:GBBFF) (the “Company” or "Gold Bullion") announces its intention to spin off its silver mine, the Castle (Milner) Property in the Gowganda mining district of Ontario, to Gold Bullion shareholders. The Company expects that the proposed spin-off will be in the form of shares of a newly-incorporated, public company called "Castle Silver Mines Inc."