GBB more than doubles land position at Granada project

GOLD BULLION DEVELOPMENT MORE THAN DOUBLES LAND POSITION AT GRANADA PROJECT

This morning GBB released another good news release, they more than doubled the land package at Granada. Before they had 4900 hectares, but after this transaction they have over 11.000 hectares of prospective land to explore. GENIVAR found interesting structure both north, east and very interesting results in the deep south, so good visuals that they needed additional 5.000 meters of phase 2 drilling before commencing 50.000 meters of phase 3 drilling.

The news release tells us that GBB is very eager to stop another steal from other companies like Adventure Gold that “stole” a forgotten piece of land in the south (small fraction only though). GBB could not have been lyric about that and went out to the market and got additional 6.000 hectares in the surroundings near Granada.

The properties:

This action, when buying 6000+ hectares of land is to really prove that the area is of extreme interest and I do not think that there will be intense exploring at the moment, there are too many hot spots at Granada at the moment. But I like the properties that were bought, for example I like words like this “feldspar porphyry dykes and other intrusive” (Granada Southwest Property).

Maybe the most interesting can be Beauchastel Syenite Property with words like this “major deformation zone coincident with a series of electromagnetic conductors. Numerous talc/chlorite alteration zones are reported in a sedimentary sequence intruded by syenite/intrusive rocks including porphyry units”. What this means is that there have been high temperatures and that there are alteration and intrusions by syenite and porphyry which both can host gold as evident at Granada. On the top of that, there is a MAJOR deformation zone with a series of electromagnetic anomalies which could be something special. This is what Globex have written as conclusion about the whole property Beauchastel-Rouyn (total of 2800 hectares):

“The Beauchastel-Rouyn property represents a large land package in the heart of the Noranda mining camp. Previous work has identified numerous gold and base metal showings and zones as well as geological and structured features which are very favourable for the emplacement of both gold and base metal mineral deposits. The large bank of detailed data has advanced our understanding of the project area to the point that geological and structural target areas have been defined. Beauchastel-Rouyn Townships, Quebec Diamond drilling of a stratagraphic, 1000 metres long drill hole beneath the Cobalt sediment cover in the South Block in 2001 has shown that the Cobalt (Ptorerozoic) sedimentary rock cover is only 50 to 250 metres thick rather than 1000 to 1500 metres thick as previously thought with the bulk as a free standing ridge known as the Kekeko Hills. The majority of the drill hole passed through Archean basement rocks. The hole encountered milled shear zones and splays associated with the Cadillac Break as well as the gold localizing Cadillac Break, favourable alteration and lithologies and at least 5 significant anomalous gold zones which range in true width from several metres to 15 metres. The rocks, alterations, structures and anomalous gold values indicate that the property has the potential of localizing a large tonnage Cadillac Break type gold deposit. Further exploration, in particular diamond drilling is warranted”. Source Globex.

I think the next two was bought for future exploration, they are a couple of more kilometers away, than the two properties above, from Granada and lies in the absolute connection to the Cadillac Trend.

Basa also says that there has been “recent prospecting has also demonstrated new potential going west”, and with that statement, I think he means Adventure Golds recent drill news to the immediate west from Granada. There is great news for both companies that both are hitting mineralization close to each other, that will only confirm how major these ore bodies can be. The only thing we need to worry about is the heart of Basa and the experienced crew managing this company, everything else is getting more evident every minute…

Looking forward:

I like when Basa says that he sees “a bigger picture unfolding at Granada”, that´s the word we need to hear to become sure about the progress at Granada. 4900 hectares is an enormous property, but the Cadillac Trend is not fully explored which is shown by Granada right now. There are certainly more to discover. We can now cross one big question mark of the “to do list”, no other companies can steal highly prospective land right in front of GBBs nose again.

Basa stated in the news release that “mineralization in the LONG Bars Zone is extending further east but it’s also widening north to south. Recent prospecting has also demonstrated new potential going west.” I can sense that Basa feels he is in a good situation at the moment. The land package is now completed, both to the west, east and two properties to the south. Granada are protected and with the drills doing what they can at Granada, the only thing we can do is wait for new assay results from the labs.

Gold Bullion Development is now a company with increasing reputation and more and more investors should be getting notice about what is happening at Granada. GBB is not a small company anymore, not if you compare land packages and possible resources in the ground. I think the stock value and the risk, is now very low compared to its potential. When the 43-101 are released in late Q1 or Q2 2011, we have left 1 CAD behind us a long time ago. Can you wait a couple of months for the possibilities to double your portfolio?

GOLD BULLION DEVELOPMENT MORE THAN DOUBLES LAND POSITION AT GRANADA PROJECT

November 29, 2010

Mr. Frank J. Basa reports:

Gold Bullion Development Corp. (GBB, TSX.V) (the “Company” or “Gold Bullion”) is very pleased to announce it has signed an agreement to earn a 100% interest in four properties comprising over 6,000 hectares in close proximity to the LONG Bars Zone at its Granada Gold Property in northwestern Quebec. This agreement gives Gold Bullion a dominant land position that covers areas considered by the Company to encompass many of the most prospective gold bearing geological structures in the emerging Granada mining camp along the prolific Cadillac Trend.

“With the results we’re seeing in our ongoing drilling, a bigger picture is unfolding at Granada,” stated Frank J. Basa, Gold Bullion’s President and CEO. “We’re consistently finding extensions to structures which is why we have taken this immediate and strategic decision to more than double the size of our landholdings. There is significant exploration upside in all directions surrounding the former Granada Mine. Mineralization in the LONG Bars Zone is extending further east but it’s also widening north to south. Recent prospecting has also demonstrated new potential going west.”

Gold Bullion can earn a 100% interest from the “D2D3 Group” (the “Vendor”) in the Granada Southwest Property, the Beauchastel Syenite Property, the Kekeko South Property and the Adanac Extension Property by making a cash payment of $200,000 to the Vendor on or before the fifth business day after TSX Venture Exchange acceptance of the agreement, issuing an aggregate of 2.9 million common shares to the Vendor over a two-year period, and incurring exploration expenditures on the properties totaling at least $200,000 within one year of the agreement. A 2% net smelter royalty is attached to each of the properties with Gold Bullion holding the right to purchase 50% of the NSR at any time for $1,000,000.

The Granada Southwest Property (33 claims, 724.2 hectares) is located approximately two kilometres southwest of the past producing Granada Mine which forms part of Gold Bullion’s LONG Bars Zone Preliminary Block Model area (excluding the LONG Bars Zone Eastern Extension) outlined in the Company’s April 22, 2010, news release. The sediment-hosted Southwest Property shares many common geological features found elsewhere throughout the Granada Gold Property including feldspar porphyry dykes and other intrusives.

The Beauchastel Syenite Property (15 claims, 861.8 hectares) is located 3.5 kilometres south of the Preliminary Block Model and is characterized by a major deformation zone coincident with a series of electromagnetic conductors. Numerous talc/chlorite alteration zones are reported in a sedimentary sequence intruded by syenite/intrusive rocks including porphyry units.

The Kekeko South Property (27 claims, 1,297.2 hectares) is several kilometres west of the Preliminary Block Model. The property is crosscut by major east-southeast trending interpreted regional structures that have not been tested for their gold potential.

The Adanac Extension Property (65 claims plus 34 claims pending, 3,318.75 hectares) is several kilometres east of Gold Bullion’s easternmost claims in the LONG Bars Zone. It hosts the Norzone gold showing that exhibits similar characteristics to the nearby Adanac deposit. A major deformation corridor passes through the Adanac and Lake Pelletier gold deposits and crosscuts the Adanac Extension Property.

Gold Bullion is aggressively exploring the 4,900 hectare Granada Gold Property, located five kilometres south of Rouyn-Noranda, as a potential open-pit deposit along the prolific Cadillac Trend where numerous multi-million ounce deposits have been discovered and developed. The four new properties give Gold Bullion an additional 6,200 hectares in the area for a total land package in excess of 11,000 hectares.

An updated map showing Gold Bullion’s entire land package at the emerging Granada mining camp will be posted today in the “Location” section of the Company’s web site, www.GoldBullionDevelopmentCorp.com.

About Gold Bullion Development Corp.

Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.

For more information on Gold Bullion Development Corp. (TSX-V: GBB, OTC PK: GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.

Qualified Person

The scientific and technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion’s CEO and President who is a member of the Ontario Association of Professional Engineers and a “qualified” person in accordance with National Instrument 43-101.

Beauchastel-Rouyn Property, Halliwell & BM Claims