Gold Stocks; Gold Bullion (TSX-V: GBB) announces additional positive drill data update

VANCOUVER - March 14, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce additional drill results from several holes located throughout the mineralized area of the Granada Gold Property. The subject property is located along the prolific Cadillac trend in North-western Quebec , 5 km south of the city of Rouyn-Noranda.

Hole GR-11-390 confirms extension of the mineralization at depth. This hole is the northern most hole drilled thus far from which data is available. High grade gold intersections continue to be discovered at depth on the northern extension from existing mineralization.
Results include 256.5 metres grading 0.44 g/t Au with three specific high grade zones: at 340 metres downhole with 10.5 metres grading 2.92 g/t Au, the second at 480 metres with 4.5 metres grading 4.52 g/t Au and a third at 532.5 metres with 9 metres grading 2.81 g/t Au. Frank Basa , Gold Bullion's CEO, is very encouraged by results that consistently demonstrate the presence of widespread significant gold on the Granada property.
Additional substantive drill data is included in a table format below.
57.15

Hole		From (m)	To(m)	Length(m)	Au g/t
GR-10-29		203.00	321.00	118.0	0.31
	including	268.50	321.00	52.5	0.55
	including	316.50	321.00	4.5	3.78
GR-10-30		63.50	284.50	221.0	0.30
	including	63.50	134.25	70.8	0.62
	including	126.75	134.25	7.5	3.25
GR-10-66		33.00	153.00	120.0	0.47
	including	33.00	78.00	45.0	0.70
	including	129.00	153.00	24.0	0.89
GR-10-89		4.50	18.00	13.5	2.44
		100.50	152.00	51.5	0.29
	including	137.00	152.00	15.0	0.77
GR-10-123		22.00	140.50	118.5	0.31
	including	116.00	140.50	24.5	0.99
	including	127.50	137.50	10.0	1.92
GR-10-162		18.40 40.65 22.3	0.30
		77.00	19.9	0.38
GR-10-191		136.50	285.40	148.9	0.19
	including	136.50	145.00	8.5	0.67
GR-11-202		3.00	13.82	10.8	0.49
		56.50	63.00	6.5	0.35
GR-11-204		2.40	52.50	50.1	0.39
	including	43.50	52.50	9.0	1.80
GR-11-208		188.50	202.35	13.9	0.62
GR-11-264		27.50	85.50	58.0	0.29
	including	27.50	33.50	6.0	1.37
	including	78.00	85.50	7.5	0.60
GR-11-265		21.00	118.00 97.0	0.86
	including	28.00	45.00	17.0	1.39
	including	78.00	109.00	31.0	1.65
GR-11-267		26.00	56.00	30.0	0.41
GR-11-277		18.50	112.45	94.0	0.42
	including	88.40	112.00	23.6	1.13
GR-11-278		36.50	111.00	74.5	0.55
	including	76.00	90.10	14.1	1.79
GR-11-279		22.50	218.00	195.5	0.26
	including	193.50	209.00	15.5	1.37
GR-11-281		42.00	231.50	189.5	0.35
	including	130.90	149.50	18.6	2.41
GR-11-283		232.00	299.50	67.5	0.24
GR-11-284		18.70	186.00	167.3	0.68
	including	51.50	95.50	44.0	0.37
	including	154.80	186.00	31.2	2.85
GR-11-289		19.50	108.00	88.5	0.32
	including	25.30	36.00	10.7	1.08
GR-11-290		15.50	136.50	121.0	0.39
	including	15.50	72.00	56.5	0.74
GR-11-291		30.00	80.50	50.5	0.64
	including	30.00	61.00	31.0	0.97
GR-11-292		10.50	134.00	123.5	0.41
	including	96.50	134.00	37.5	0.53
GR-11-294		19.00	130.00	111.0	0.87
	including	73.50	109.50	36.0	2.42
GR-11-296		11.50	126.50	115.0	0.78
	including	11.50	69.50	58.0	1.40
GR-11-390		285.00	541.50	256.5	0.44
	including	285.00	350.50	65.5	0.65
	including	340.00	350.50	10.5	2.92
	including	480.00	541.50	61.5	0.86
	including	480.00	484.50	4.5	4.52
	including	532.50	541.50	9.0	2.81

Exactly 80%, (24 of the 30) drill holes intersected significant mineralization. The 6 holes that did not were omitted from the above table. Those omitted were holes, GR-10-168, GR-11-244, GR-11-245, GR-11-247, GR-11-249 & GR-11-273.
Holes 244, 245, 247 & 249 were exploration holes drilled outside the main mineralized zone, while hole 168 encountered directional challenges and did not therefore yield noteworthy results. The widths reported in the preceding table are drill widths as "true" widths are unknown at this time. All assays are uncut, length-weighted average values.
Core analysis from the above holes was undertaken by ALS Chemex Labs in Val d'Or, Quebec , and by the Accurassay Laboratory in Timmins, Ontario. Gold was assayed by fire assay with additional metallics analysis on samples where visible gold was apparent and identifiable. Quality control was further enhanced by inserting blind certified standard reference material and blanks into the sample stream at regular intervals. This control procedure was carried out by logging personnel to ensure the highest level of independent assessment and overall analytical accuracy.
Claude Duplessis , Eng. is acting as the qualified person (QP) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and has reviewed the technical contents of this press release.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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