Gold Bullion Development Corp. (GBB, TSX.V) (the "Company" or "Gold Bullion") is pleased to report several new assay results from Phase 2 drilling in the LONG Bars Zone Eastern Extension of its 100% owned Granada Gold Property. Gold Bullion is aggressively exploring Granada, located five kilometres south of Rouyn-Noranda in northwestern Quebec, as a potential open-pit deposit along the prolific Cadillac Trend where numerous multi-million ounce deposits have been discovered and developed. The Eastern Extension is outside Gold Bullion’s LONG Bars Zone Preliminary Block Model that was outlined in detail in the Company’s April 22, 2010, news release.