Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the “Company”) or “Gold Bullion”) announces that it is considering raising funds by issuing a new series of shares, to be called “Granada Royalty Shares”, by way of private placement. The purpose of the Granada Royalty Shares will be to allow investors to participate in the security of gold ownership if and when Gold Bullion’s Granada Gold Property enters into commercial production. The Granada Gold Property is near Rouyn-Noranda, Québec.