Gold Bullion Development Corp.
TSX VENTURE : GBB

Gold Bullion Development Corp.

October 11, 2007 13:08 ET

Gold Bullion Development Corp.: Deep Drill Program on Joe Mann Gold Mine Project to Commence

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2007) - Frank J Basa, P. Eng., President of Gold Bullion Development Corp. (the "Company") (TSX VENTURE:GBB) announces that the 2007/2008 exploration program on the Joe Mann Gold Mine project located near Chibougamau, Quebec is about to commence, with the arrival of the underground diamond drill rig. The drill program, consisting of 2,500 meters of drilling will commence October 12, 2007 and will begin with two drill holes of 540 meters and one of 370 meters, from the lowest mine level of 1,150 meters to test the depth of the present vein structure.

The Joe Mann Gold Mine has produced 1,253,869 ounces of gold to a depth of 1,150 meters since 1956. The Company believes that every opportunity exists for the extension of the present structure at depth.

The agreement with respect to the acquisition of the Joe Mann Gold Mine is subject to regulatory approval. Please refer to the Company's press release dated September 20, 2007.

Frank J Basa, B.Eng, P.Eng., President, is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this news release.

For more information on Gold Bullion Development Corp. (TSX VENTURE:GBB), visit our website http://www.goldbulliondevelopmentcorp.com/en/.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank J. Basa, P.Eng., President

This press release has been prepared by Management. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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