Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) announces a non-brokered private placement financing consisting of up to 10,000,000 units (the “Units”) at a purchase price of $0.15 per Unit to raise gross proceeds of up to $1,500,000 (the "Private Placement"). Each Unit will consist of one flow-through common share in the capital of the Company and one-half of a nontransferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the Company for a period of twelve months from the date of issuance, at a purchase price of $0.175 per share.