There you go. Obviously it was oversubscribed.

Attention Business Editors

GOLD BULLION INCREASES PRIVATE PLACEMENT, GRANTS STOCK OPTIONS

	    VANCOUVER, Oct. 6 /CNW/ - Gold Bullion Development Corp. (GBB, TSX.V)
(the "Company" or "Gold Bullion") has amended the terms of its recently
announced non-brokered private placement (the "Private Placement") to increase
the number of units offered for sale from 11,111,111 units to a maximum of
14,814,814 units, at a price of 
.54 per Unit, for gross proceeds of up to
$8,000,000. All other terms of the Private Placement as disclosed in the
Company's September 22, 2010 news release remain the same.
Proceeds of the Private Placement will be used for the development of the
Company's Granada Gold Property in northwestern Quebec. The Private Placement
will be subject to approval by the TSX Venture Exchange.
The Company has also granted incentive stock options to a director of the
Company to purchase 900,000 common shares in the capital of the Company,
exercisable at a price of 
.48 per share for a period of five years. All
options are subject to a four month hold period and are granted in accordance
with the terms of the Company's Stock Option Plan and the policies of the TSX
Venture Exchange.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed company focused on
the exploration and development of the Granada Gold Property near
Rouyn-Noranada, Quebec, and the Castle Silver Mine Property 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.
Frank J. BasaPresident and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services 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.

Don