Mr. Frank Basa reports

GOLD BULLION REPORTS 1.25 G/T AU OVER 72.25 METRES AT GRANADA

Gold Bullion Development Corp. has released additional drill results from its Granada property, located along the Cadillac trend in northwestern Quebec, five kilometres south of the city of Rouyn-Noranda. Gold Bullion has now completed 20,000m of the planned 50,000m Phase 3 drill campaign. A total of 67,730m have been completed since the first hole was collared in December 2009. Highlights of the most recent assay results include:

Hole GR-10-97                      65.14    metres grading      0.99 grams per tonne
Including                           0.88    metres grading     57.00 grams per tonne
Hole GR-10-179                     72.25    metres grading      1.25 grams per tonne
Including                           1.50    metres grading     29.30 grams per tonne

The continually-expanding mineralized area remains open in all directions and at depth. The mineralized zone now covers an area of 1.2 kilometres along strike and is up to 0.5 kilometres wide. Mineralization of known historical mine workings extends to a depth of 300 metres. Drilling at the Granada Property continues with 2 drill rigs.

Hole            From      To         Length       Weighted Au g/tonne

GR-10-69        3.00  180.00         177.00       0.42
including      87.23  171.00          83.77       0.69
including     135.00  171.00          36.00       1.32
including     141.00  144.00           3.00       8.60
and including 169.70  171.00           1.30       6.05
GR-10-80        3.50   52.70          49.20       0.31
including       3.50   25.20          21.70       0.46
GR-10-88       39.00   47.35           8.35       0.74
GR-10-97        1.80  144.00         142.20       0.61
including       6.30   53.00          46.70       1.51
including       6.30   10.00           3.70       3.32
and including  29.36   94.50          65.14       0.99
including      29.36   53.00          23.64       2.40
including      29.36   30.24           0.88      57.00 
GR-10-109     154.50  196.10          41.60       0.36
and           188.90  204.92          16.02       0.70
GR-10-111     102.00  147.00          45.00       0.33
including     125.64  147.00          21.36       0.47
including     145.50  147.00           1.50       6.46
GR-10-122      83.47  126.50          43.03       0.37
including      91.00  107.81          16.81       0.64
including     100.31  107.81           7.50       1.02
GR-10-124      25.00  138.00         113.00       0.34
including      25.00   39.00          14.00       0.81
and including 123.00  138.00          15.00       1.09
including     130.20  131.00           0.80      12.15
GR-10-136       3.00  192.60         189.60       0.32
including      24.00   25.50           1.50       5.60
and including  93.07  153.00          59.93       0.60
including     117.00  120.00           3.00       5.22
GR-10-139       8.85   11.00           2.15       5.67
and            78.00  106.14          28.14       0.41
GR-10-164      15.00   58.00          43.00       0.32
including      40.50   41.00           0.50       7.74
GR-10-177      45.00  118.60          73.60       0.38
including      45.00   50.00           5.00       2.79
including      45.00   46.50           1.50       8.00
GR-10-179       3.00  159.00         156.00       0.61
including      50.75  123.00          72.25       1.25
including      50.75   59.50           8.75       3.43
including      56.00   57.50           1.50      15.90
and including 116.00  123.00           7.00       7.09
including     121.50  123.00           1.50      29.30
GR-10-193      38.40  203.00         164.60       0.31
including      38.40   88.00          49.60       0.36
and including 199.00  203.00           4.00       2.31
including     200.40  201.50           1.10       6.50
GR-11-203     139.00  187.40          48.40       0.31
including     178.00  187.40           9.40       1.17
GR-11-205       4.50   78.00          73.50       0.31
including      40.50   70.50          30.00       0.69
including      40.50   54.50          14.00       1.35
GR-11-207       3.40   78.00          74.60       0.48
including      33.00   61.50          28.50       1.19
including      55.50   61.50           6.00       2.99
including      55.50   57.45           1.95       7.13
GR-11-209      14.50   40.50          26.00       0.31
including      14.50   16.00           1.50       3.84
and            66.00   93.00          27.00       0.32
and overlapping
               84.00   97.50          13.50       0.62
including      87.00   88.50           1.50       2.87
GR-11-210      59.50   76.50          17.00       0.30
including      59.50   66.00           6.50       0.60
GR-11-218       3.00   69.00          66.00       0.31
including      17.00   36.00          19.00       0.77
including      17.00   25.00           8.00       1.37
including      17.00   17.50           0.50       9.30

Five holes (GR-10-91, GR-10-149, GR-10-194, GR-11-228 and GR-11-234) did not intersect significant mineralization and are therefore not included in the above table.

Widths reported in the preceding table are drill widths; true widths are unknown at this time. Assays are uncut, length-weighted average values. Lost core within mineralized intersections were incorporated as blank intervals and assigned a 0.0 g/t grade in all length-weighted calculations

Gold Bullion's NQ drill program and drill core sampling, including the quality assurance/quality control program, are supervised by GENIVAR, Gold Bullion's geological consultant. Core from the above holes was sent to ALS Chemex Labs in Val d'Or, Quebec, and Accurassay Laboratory in Timmins, Ontario, for analysis. Gold was assayed by fire assay with additional metallics analysis done on samples where visible gold was identified. Analytical accuracy and precision are monitored by the analysis of reagent blanks and reference materials at both labs. Quality control is further assured by the insertion of blind certified standard reference material and blanks into the sample stream at regular intervals by Gold Bullion and GENIVAR personnel in order to independently assess analytical accuracy.

We seek Safe Harbor.