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    2015-04-22 Press Release (Logo)

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    Annemette Jorgensen
    Surface trenching at Gold Bullion Development Corp.'s Granada site identified high grade gold mineralization, including 6.05 g/t Au over 8 metres in one trench. The results will allow the company to request an expansion of its mining leases to include this newly discovered near-surface mineralization. Channel sampling across the property has outlined a potential mineralized strike length of over 4 kilometres. Additional trenching is planned to further evaluate near-surface gold zones across the property.

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    2015-04-22 Press Release (Logo)

    Uploaded by

    Annemette Jorgensen
    23 views3 pages
    Surface trenching at Gold Bullion Development Corp.'s Granada site identified high grade gold mineralization, including 6.05 g/t Au over 8 metres in one trench. The results will allow the company to request an expansion of its mining leases to include this newly discovered near-surface mineralization. Channel sampling across the property has outlined a potential mineralized strike length of over 4 kilometres. Additional trenching is planned to further evaluate near-surface gold zones across the property.

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    SURFACE GRADES OF 6.05 G/T AU OVER 8 METRES IN CHANNEL SAMPLING AT GRANADA

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    Surface trenching at Gold Bullion Development Corp.'s Granada site identified high grade gold mineralization, including 6.05 g/t Au over 8 metres in one trench. The results will allow the company to request an expansion of its mining leases to include this newly discovered near-surface mineralization. Channel sampling across the property has outlined a potential mineralized strike length of over 4 kilometres. Additional trenching is planned to further evaluate near-surface gold zones across the property.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    23 views3 pages

    2015-04-22 Press Release (Logo)

    Uploaded by

    Annemette Jorgensen
    Surface trenching at Gold Bullion Development Corp.'s Granada site identified high grade gold mineralization, including 6.05 g/t Au over 8 metres in one trench. The results will allow the company to request an expansion of its mining leases to include this newly discovered near-surface mineralization. Channel sampling across the property has outlined a potential mineralized strike length of over 4 kilometres. Additional trenching is planned to further evaluate near-surface gold zones across the property.

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    2875 Ave.

    Granada
    Rouyn-Noranda, Quebec J9Y 1J1
    Tel: 819-797-4144 / Fax : 819-762-2306
    GoldBullionDevelopmentCorp.com

    SURFACE GRADES OF 6.05 G/T AU OVER 8 METRES IN CHANNEL SAMPLING AT


    GRANADA

    Press release highlights:

    Winter trenching program identifies additional surface high grade gold


    TR15-11, returned 6.05 g/t Au over 8 m including 14.98g/t Au over 3 m
    32.47 g/t Au over 1.0 metre, trench 15-11 sample 23
    Western most pit to be extended with additional mining lease
    Potential mineralized strike length of 4.3 kilometres from the western trench to the
    eastern trench

    April 22, 2015 Gold Bullion Development Corp. (TSX.V: GBB) (OTCPINK: GBBFF) (the
    Company or Gold Bullion) is excited to report initial results from the most recent
    trenching activities at Granada. So far in 2015, three trenches have been completed in the
    area covering the smallest proposed pit located furthest west with channel sampling from
    the middle trench, TR15-11, returning 6.05 g/t Au over 8 m including 14.98 g/t Au over 3 m.

    Since the beginning of the year, the Company has taken 103 samples, prepared, assayed and
    analyzed the material from two of the three trenches. The trenching program was designed
    to validate the existence and position of mineralized gold zones at surface over the most
    western pit with the advanced goal of characterizing and precisely locating the near surface
    high grades zones previously identified in drill holes GR-12-412 and GR-12-413. Digging
    parameters were established for the trenches located over the future pit at approximately
    two metres deep, four metres wide and eight metres in length.

    Results were obtained by excavation followed by blowing compressed air then channelling
    with a rock saw. Samples were then taken at 1-metre intervals prior to completing a DGPS
    survey. Based on the results, the Company will request a mining lease to the west to include
    this western extension into existing mining leases. Note: reported widths do not represent
    true widths as the zone dips at approximately 50 to the north.
    The mineralized section is in disseminated pyrite in a sericite-silica alteration zone similar
    to that intersected in drill holes GR12-412 and GR12-413, with near-surface mineralization
    starting near surface at 4.5 metres in the latter hole.
    Frank J. Basa, Gold Bullion President and CEO, Surface channel sampling grades confirming
    the continuity of the near-surface drill-intersected mineralization over a potential strike

    length of 3.5 kilometers from the western to the eastern trenches is a very positive
    development within the rolling start mining plan.

    In September 2014, six trenches were completed to the east of Pit 2A with highlights
    including 108.6 g/t Au on a 1-metre channel; see news release dated November 18th, 2014.
    In trench T14-6, located 36 m to the east of the Pit 2A limit, two mineralized zones were
    also outlined by the channel sampling indicating a strong possibility to extend the
    mineralized zone from Pit 2A with additional surface work for confirmation.

    Last years trenching work outlined the mineralization zones cut by the previous diamond
    drill holes which provided important information for surface mining operations. Including
    the recent 2015 trenching results, there are now several near surface high-grade areas
    identified.
    Additional 2015 trenching is planned over the (Aukeko) exploration target area to the east
    and on strike east west with the rolling start pit. The eastern trenching area is 3.5 km east of
    the initial production pit. The winter 2015 trenching was undertaken 800 metres to the
    west of the initial production pit.

    Click http://goldbulliondevelopmentcorp.com/documents/english-picture-1.jpg to view


    the trenching location map.

    Four 200-metre trenches are planned in this area to further investigate near surface gold
    mineralization based off high-grade holes previously drilled in the area. Over 300 samples
    are to be taken during trenching with the location of the four trenches to include previous
    hole DDH E11-02 that returned 8.8 g/t Au over 1.33 metres and hole 80-05 that returned
    8.5 g/t Au over 0.8 metres.

    During the development of what is an environmentally sound mine development plan,


    the Company sampled the 100,000 tonne historical waste pile and in doing so discovered
    the rolling start mineralized zone of 1.6 kilometres may have a base line grade of 0.9 g/t
    gold. The Company has undertaken studies in the past with Gekko of Australia utilizing
    input grades of 0.5 g/t gold using conventional open pit drill and blasting methods. Given
    the tonnage available at up to 1 g/t Au, the Company will reassess the near-term direction
    over the next quarter with respect to the most efficient manner to proceed with
    development of Granada given the current permitting status for the rolling start.
    Quality Control

    Gold Bullion Development Corp. adheres to a strict Quality Assurance/Quality Control


    program for all work at Granada including the current program. Samples reported herein
    were submitted with four mineralized gold standards and one blank distributed through the
    73 samples with all samples pulverized using screen metallic methods. The samples were
    prepared in Rouyn-Noranda then analysed at Accurassay Laboratories in Thunderbay
    Ontario.
    Cautionary Statement

    Mineral Resources that are not Mineral Reserves do not have demonstrated economic
    viability. The potential quantity and grade reported as Mineral Potential, is conceptual in

    nature, that there has been insufficient exploration to define a mineral resource and that it
    is uncertain if further exploration will result in the target being delineated as a mineral
    resource.
    Qualified Person

    Claude Duplessis, P. Eng. of GoldMinds Geoservices Inc., consultant for Gold Bullion, has
    reviewed and approved the contents of this news release as a Qualified Person independent
    of Gold Bullion within the meaning of NI-43-101 regulations.

    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 Property located on the prolific
    Cadillac Trend near Rouyn-Noranda, Qubec. Gold mining operations will focus on high
    grade near surface material that will be trucked to Iamgolds nearby processing facility. The
    project economics remain robust with all in cash costs forecast at US $797 prior to the drop
    in fuel prices. The Company has been actively and systematically advancing the Granada
    property since acquiring the previously producing mine site in 2006. Near term share price
    catalysts include commencing gold production, positive cash flow to be used for operations
    and continued exploration and a resource estimate update with the adding of 400 historical
    holes. Additional information on the Company is available by visiting the website at
    www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
    Frank J. Basa

    Frank J. Basa, P.Eng.


    President and Chief Executive Officer
    For further information contact:

    Frank J. Basa, P. Eng., President and CEO at 1-819-797-4144

    Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is
    defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
    or accuracy of this release. This news release may contain forward-looking statements
    including but not limited to comments regarding the timing and content of upcoming work
    programs, geological interpretations, receipt of property titles, potential mineral recovery
    processes, etc. Forward-looking statements address future events and conditions and
    therefore, involve inherent risks and uncertainties. Actual results may differ materially
    from those currently anticipated in such statements.

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