Corporate Address: GOLD BULLION DRILLS BEST-EVER RESULTS AT GRANADA
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
2011 ANNUAL GENERAL MEETING OF SHAREHOLDERS
March 22, 2011 - Gold Bullion Development Corp. (GBB, TSX.V) (the “Company” or “Gold Bullion”) announces that it held its 2011 Annual General and Special Meeting of Shareholders (the “Meeting”) on Friday, March 18, 2011.
The following individuals were re-elected directors of the Company: Frank J. Basa, Roger Thomas and Jacques F. Monette. Shareholders also approved the re-appointment of Bratt Fremeth Star, S.E.N.C., as auditors of the Company, continuation of the Company’s 10% rolling stock option plan, and an amendment to certain sections of the Company’s Articles to allow for the issuance of book-based securities.
Immediately after the Meeting, the Board of Directors re-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 Roger Thomas were appointed members of the Audit Committee for the ensuing year, of which Frank J. Basa is Chair.
Our management team was pleased to see such a high percentage of proxies being voted. We appreciate our shareholders’ continued confidence in our strategies for maximizing shareholder value.
In his presentation to shareholders, Frank Basa, President and Chief Executive Officer of Gold Bullion, outlined Gold Bullion’s growth strategies for both the Granada Gold Mine and the Castle Silver Mine. A lengthy question and answer period followed with many well informed questions and a positive exchange of ideas. More detailed press releases on each property will be released shortly.
In conclusion, the Company remains very focused on generating a NI43-101 compliant resource calculation by early summer.
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 Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSXV:GBB) (OTCPINK:GBBFF), visit our web site: 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 and CEO: 1-416-625-2342 Roger Thomas, Director: 1-613-292-2438
Progressive Investor Relations (Canada) Tel (604) 689-2881 or email [email protected] Torrey Hills Capital (United States) Tel (858) 456-7300
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 forwardlooking 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.