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GOLD BULLION DECLARES DIVIDEND

Gold Bullion Development Corp.'s board of directors has approved a stock dividend, with the first stock distribution payable on April 26, 2016, to shareholders of record of its common shares on April 12, 2016.

In September 2015, the Company announced the closing of a transaction with Takara Resources Inc., whereby Gold Bullion transferred its then wholly owned subsidiary, Castle Silver Mines Inc., including its 100% interest in the 3,300-hectare Castle Silver Mine property in Ontario, to Takara in exchange for 10,000,000 units of Takara. The Takara Units are to be issued to the Company in equal amounts of 2,500,000 Units. The first issuance was payable upon closing of the Share Purchase Agreement and the remaining issuances are to occur on each anniversary from the closing date for the subsequent three years.

Each Unit is comprised of one common share in the capital of Takara and one common share purchase warrant, with each warrant entitling the holder to acquire one common share of Takara on or before twelve months from the date of issuance of the Takara Units at an exercise price of $0.10 per common share.

As mentioned in the Company's news release of September 15, 2015, upon closing of the Share Purchase Agreement, Gold Bullion had agreed, subject to TSX Venture Exchange approval, to distribute pro rata, the Takara Units received and to be received pursuant to the Share Purchase Agreement, to Gold Bullion's shareholders of record, subject to a regulatory four month hold period commencing from the date of issuance of the Takara Units.

In accordance with the terms of the Share Purchase Agreement, Takara will not be obligated to issue any Takara Units if such issuance results in Gold Bullion holding more than 20% of the then issued and outstanding common shares in the capital of Takara. Any exception would require Takara to first obtain shareholder approval. For greater certainty, Takara may issue the Takara Units in smaller amounts and as such delay the scheduled issuance of the Takara Units to avoid the result that issuing of such Takara Units would create a new control person as per TSX Venture Exchange policies and the definition of the term contained therein.

The Company will begin the distribution of the Takara Units to its shareholders of record in accordance with the following terms:

2,500,000 Takara Units to be distributed on each of the following dates (subject to the Company being in possession of said Takara Units on each date.):
April 26, 2016;
April 26, 2017;
April 26, 2018;
April 26, 2019;
With respect to the stock distribution to occur on April 26, 2016, the ex dividend date will be April 10, 2016 -- from this date and forward, new shareholders will not receive the dividend;
With respect to the stock distribution to occur on April 26, 2016, the holder-of-record date will be April 12, 2016 -- the date on which the shareholders who are to receive the dividend are recognized;
For stock distributions to occur on subsequent distribution dates in 2017, 2018, and 2019, separate ex dividend and holder-of-record dates will be established in each of those years.
We seek Safe Harbor.