This means they can begin stripping. Since they are still studying assays from trenching "-- to pinpoint the most favourable location to commence gold extraction over the winter season." it seems the delay in granting Certs of Authorization was anticipated, or at least, has not been a blockage to progress.

Gold Bullion Development Corp. has received one of the last two outstanding permits required prior to commencing gold mining within the context of the rolling start prefeasibility study dated May 6, 2014, at the Granada gold property.

Authorization to locate barren, mining waste rock on Crown land adjacent to the Granada mine site was received from MERN (Ministere d'Energie et de Ressources Naturelles), and was granted in accordance with the mining leases in place at Granada. This authorization brings the rolling start to gold production one step closer with the certificate of authorization being processed by the MDDELCC (Ministere du Developpement Durable de l'Environnement et de la Lutte contre les Changements Climatiques), the only outstanding permit yet to be granted.

The technical team is continuing to prioritize correspondence with the ministry in answering all questions posed with respect to the certificate of authorization. Included within the submission of responses to the MDDELCC questions on the certificate of authorization is a proposal to add a lined containment facility for the orphan tailings and the historical tailings within pit No. 1. Since 2006, the company has taken the initiative in the continuing process of site rehabilitation with respect to historic waste rock and tailings.

The company has reprocessed historic waste rock for reuse as aggregate and sold it to local contractors, with proceeds going to a local charity. Some waste rock was utilized to upgrade old logging roads that were being used as snowmobile trails. The company used sections of these existing trails as temporary drill roads, which minimized the environmental impact for mining related activities. Any disruptions to the snowmobile trails were subsequently repaired as the drill roads were no longer needed.

The company recently entered into a three-year program with the local snowmobile club, and plans to donate funds toward the development of a co-habitation mandate that will facilitate the use of mining lands for recreational activities. In keeping with that mandate, the company is taking a long-range view as to what the project can contribute back once mining is completed. There are two waste rock uses under consideration, including the creation of the world's largest rock sculpture and building a sliding centre for snowboarders. The company will continue discussions with all the stakeholders before a final decision is made.

The company has also taken the initiative to complete the characterization and testwork for permanent stabilization of the orphan tailings material in much the same manner voluntary rehabilitation was undertaken with the waste rock. Taking this approach has resulted in historical drill data on the resource becoming available for possible inclusion in an updated resource estimate model. The company now has 20,000 metres of historical drilling data from over 400 holes it is working on to validate and integrate into an updated resource.

The company is also continuing to analyze the recent trenching results in conjunction with other relevant data in the context of the prefeasibility study to pinpoint the most favourable location to commence gold extraction over the winter season once the certificate of authorization is granted.

Qualified persons

Claude Duplessis, PEng, 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 National Instrument 43-101 regulations.

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