This release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or for dissemination in the United States

Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (“Gold Bullion” or the “Company”) is pleased to announce that it has closed a non-brokered private placement financing announced on October 10, 2013 by the issuance of 13,857,200 units (the “Units”) at a purchase price of CDN $0.07 per Unit for gross proceeds of CDN $970,004. Each Unit consists of one flow-through common share in the capital of the Company and one-half of a non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase one non-flow-through common share in the capital of the Company on or before April 21, 2015, at a purchase price of CDN $0.10 per share.