Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) announces that it has received approval from the TSX Venture Exchange to amend the terms of 4,713,693 share purchase warrants by extending the expiry date by three months from April 5, 2012 to July 5, 2012. All other terms and conditions remain constant.