Gold Bullion Development Corp. Grants Stock Options

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

PRESS RELEASE

GOLD BULLION DEVELOPMENT CORP. GRANTS STOCK OPTIONS

June 21, 2010 - Gold Bullion Development Corp. (the “Company”; TSX-V: GBB) announces that it has granted incentive stock options to directors, officers, employees and consultants to purchase an aggregate of 6,400,000 common shares in the capital of the Company, exercisable at a price of $0.46 per share for a period of five years, subject to regulatory approval. Of these options, 300,000 were granted to San Diego Torrey Hills Capital Inc. and 735,000 were granted to Progressive IR Consultants Corp., both of whom provide investor relations services to the Company. Those options granted to investor relations providers will be subject to the vesting provisions of the TSX Venture Exchange.

All options are subject to a four month hold period and are granted in accordance with the terms of the Company’s Stock Option Plan and the policies of the TSX Venture Exchange.

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.

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

“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

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.