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Corporate Address: GOLD BULLION DRILLS BEST-EVER RESULTS AT GRANADA

Shareholder Meetings

PRESS RELEASE

GOLD BULLION DRILLS BEST-EVER RESULTS AT GRANADA

Corporate Address:

1868 King George Highway, South Surrey, BC, V4A 5A1 Phone: 604-306-8854 Fax 604-535-4454 PRESS RELEASE

2010 ANNUAL GENERAL MEETING OF SHAREHOLDERS

March 22, 2010 - Gold Bullion Development Corp. (GBB, TSX.V) (the “Company” or “Gold Bullion”) announces that it held its 2010 Annual General and Special Meeting of Shareholders (the “Meeting”) on Friday, March 19, 2010, at which Meeting the following individuals were re-elected directors of the Company: Frank J. Basa, Roger Thomas, Jacques F. Monette, and D. G. Leonard Johnson. Shareholders also approved the re-appointment of Bratt Fremeth Star, S.E.N.C., as auditors of the Company and continuation of the Company’s 10% rolling stock option plan.

Immediately after the Meeting, the Board of Directors appointed the following officers of the Company:

Frank J. Basa: Chairman, President and Chief Executive Officer Thomas P. Devlin: Chief Financial Officer Roger Thomas: Secretary

Frank J. Basa, Jacques F. Monette and Dr. G. Leonard Johnson were re-appointed members of the Audit Committee for the ensuing year, of which Frank J. Basa is Chair.

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 mineral properties, all of which are located in Canada. The Company is currently focused on the advancement of its Granada Gold Mine Property in Rouyn-Noranda, Quebec and Castle Silver Mine Property in Gowganda, Ontario.

Signed,

“Frank J. Basa”

Frank J. Basa, P.Eng.

President and Chief Executive Officer

For further information contact:

Frank J. Basa, P.Eng., President & CEO, 1-416-625-2342 Roger Thomas, Director, 1-613-292-2438 Web site: www.goldbulliondevelopmentcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.