Gold Bullion Development Enters into Processing Agreement with Qmx Gold

2875 Ave Granada Rouyn Noranda, Québec J9Y 1J1 Tel: 819-797-4144 / Fax: 819-762-2306

GOLD BULLION DEVELOPMENT ENTERS INTO PROCESSING AGREEMENT WITH QMX GOLD

January 13, 2016 - Gold Bullion Development Corp. (TSX: V: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) is pleased to announce it has entered into a processing agreement with QMX Gold Corporation or “QMX” to treat the historical stockpiled oversized mineralized material from the Granada mine site.

The QMX mill is located approximately 100 kilometres from the Granada gold property with the agreement outlining a rate of 600 tonnes per day over a four year period with the option for extension by mutual consent. The agreement also provides GBB the option to modify the QMX plant, a conventional gravity, flotation, cyanide leach circuit, to increase the capacity from the current rate of 650 tonnes per day to 1200 tonnes day at the expense of GBB. Capital expenditures by GBB will be offset against future treatment and processing costs.

Under the agreement the Company can have up to 1.4 million tonnes processed at the QMX mill. Presently, the company has stockpiled 10,000 tonnes of oversized material at the Granada mine site with sampling of this material upcoming in order to assess the grade. The company is undertaking the processing of this oversized mineralized material as a site rehabilitation measure, which began in 2006 for a planned completion date in 2018.

In all, 480,000 tonnes of historic waste rock will be reprocessed with a portion to be processed by QMX with the remainder to be used as aggregate by a local contractor. A portion of the proceeds from the sale of previously processed waste rock was donated to a local children's charity. Previous waste rock was also used to upgrade historic logging roads on the Granada mine site and more recently for recreational purposes as part of the existing mine site rehabilitation program.

Frank Basa, President and CEO of Gold Bullion noted, “The QMX agreement provides the Company increased flexibility in the processing of mineralized material from the Granada gold property.”

The Company is also pleased to announce a third “arms length” shareholder demand loan for proceeds of $200,000.00 over a three-year term at an interest rate of 8% calculated monthly and payable annually. The loan will automatically renew for an additional three-year term until such time as the lender agrees to terminate the agreement. The lender also has the option to obtain interest and principal loan repayments in gold rather than cash but can only exercise this option on or after the expiry of the initial three-year term. In that event, the gold is to be valued at US $ 800.00 per ounce.

As well, should the lender exercise the demand option for repayment prior to the initial three-year term, such payment is to be in cash only and not in gold even if the Company is in gold production at that time. The lender also has the option to participate in future financings but is not obliged to do so. The outstanding loan balance is subject to repayment in full at any time at the discretion of the lender.

No finder’s fees were paid in relation to this loan arrangement. The Granada Gold property is to be registered as security against the loan. The agreement remains subject to final approval from the TSX Venture Exchange.

Technical information in this news release has been reviewed by Frank J. Basa P. Eng. as the Q.P. who has supervised and approved the scientific and technical disclosure for this news release.

About Gold Bullion Development Corp.

Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company engaged in the exploration and development of its 100% owned Granada Gold Property located on the prolific Cadillac Trend near Rouyn-Noranda, Québec. Initial gold mining operations will be focussed on high grade near surface material identified in the 2014 PFS. Prepared rock is to be transported to Iamgold’s nearby facility for processing with project economics forecasting all in cash costs at US $797 per ounce. The Company has been systematically advancing the Granada property since acquiring the previously producing gold mine in 2006. The latest resource update at a 1 g/t Au range base case is 833,477 ounces gold Measured at 0.90 g/t Au in 30.4 M tonnes, 753,811 ounces gold Indicated at 0.96 g/t Au in 26.5 M tonnes and 1.6 million ounces Inferred at 0.99 g/t Au in 51.5 M tonnes using a cut off grade of 0.30 g/t. Additional information on the Company is available by visiting the website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.

“Frank J. Basa”

Frank J. Basa P. Eng.

President and Chief Executive Officer

For further information contact:

Frank J. Basa, P. Eng., President and CEO at 1-819-797-4144

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. Forwardlooking 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.