Gold Bullion Development Corp. (TSX-V: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) is providing an update on activities at the Granada Gold Property in Quebec with the Pre-Feasibility Study or (“PFS”) anticipated in Q4 2013. Since delivery of a cash flow positive PEA last year (February 4, 2013 effective December 21, 2012), the Company has been working to further refine the overall economic strength of the various mining scenarios with the goal of improving margins given the volatility in the gold price during 2013. Based on the work completed to date, management believes that the upcoming PFS could demonstrate a viable scenario that targets higher grades above 2 grams per tonne. The Granada Mine property mineralization gives Gold Bullion the flexibility to develop the mine at different grades based on market conditions to ensure economic viability.