Gold Bullion Development Corp.

Gold Bullion Development Corp.

December 17, 2007 13:06 ET

Gold Bullion Development Corp. Drill Program Results From the Second Hole at Joe Mann Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2007) - Frank Basa, P. Eng, the President of Gold Bullion Development Corp. (TSX VENTURE:GBB) (the "Company") announces that the Company has received the preliminary results of its second hole drilled below the 1,150-metre level of the Joe Mann mine, to further assess the strike length of the zone encountered in the first drill hole EE - 188.

The second hole drilled (EE-189 B) has been completed last Friday. It intersected one zone at 174.9 m vertical depth below the 1,150-metre mine level and 148.5 m east of the first strike (EE -188), with a core length of 1.81 m and assayed 21.1 grams per tonne gold (uncut assay by atomic absorption), 0.44 per cent copper and 22.9 grams per tonne silver. Complete results from the second hole are expected shortly.

A third hole has been started and is aiming at verifying if the mineralized structure encountered in the first and second hole still horizontally expand further east.

The true width of the core has not yet been determined. All assay work was done in house at the mine site with recheck assays to be done by an outside lab.

The Company will retain the services of Geostat International Inc. to undertake the following scope of work:

1. Review of all existing information report, maps and database.

2. Site visit and review of the diamond drilling program underway.

3. Estimation of the resources and preparation of the NI 43-101 compliant technical report.

Due to the large volume of data to be reviewed the report is expected to be received by the end of March 2008.

The contents of the above news release have been reviewed and verified by Frank J. Basa P. Eng., a qualified person under NI 43-101.

For more information on Gold Bullion Development Corp. (TSX VENTURE:GBB), visit our website


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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