GGM.V · 2017-01-09 12:00:00

Gold Bullion Announces Name Change to Granada Gold Mine Inc.

Corporate Actions

2875 Ave Granada

Rouyn Noranda, Québec J9Y 1Y1

Tel : 819-797-4144 / Fax: 819-792-2306

January 9, 2017 – Gold Bullion Development Corp. (TSX‐V: GBB) (OTCPINK: GBBFF)

(Frankfurt B6D) (the "Company" or "Gold Bullion") announces that i t p l a n s t o c h a n g e i t s

name to Granada Gold Mine Inc. to align the Company’s name with its main project, the

Granada Gold property near Rouyn‐Noranda, Quebec.

Subject to TSX Venture Exchange approval the name change will b e effected on January 16,

2017 and will trade under the new symbol “GGM”.

The change of name from Gold Bullion Development Corp. to Granada Gold Mine Inc. has

been approved by the Company’s board of directors. The Company is not subdividing,

consolidating or otherwise altering its share capital in association with the name change.

Investors are invited to meet management for an update on the C ompany at exhibit booth

831 at the Vancouver Resource Investment Conference January 22– 23, 2017 at the

Vancouver Convention Centre West and to a presentation on Janua ry 23, 2017 at 2:40 pm

in Workshop 3.

The Company also plans to launch a new corporate website in the near future.

About Gold Bullion Development Corp.

G o l d B u l l i o n D e v e l o p m e n t C o r p . i s d e v e l o p i n g t h e G r a n a d a G o l d Property near Rouyn‐

Noranda, Quebec. The property includes the former Granada gold m i n e w h i c h p r o d u c e d

more than 50,000 ounces of gold in the 1930s before a fire dest royed the surface buildings.

The highly prolific Cadillac Trend cuts through the north part of the property. The Cadillac

Trend has been the source of more than 50 million ounces of gold produced in the past

century on a line running from Val‐d’Or to Rouyn‐Noranda.

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The Company has obtained all necessary permits for the initial mining phase known as the

“Rolling Start” for which stripping has already begun. Addition al information is available at

www.goldbulliondevelopmentcorp.com.

“Frank J. Basa”

Frank J. Basa P. Eng.

President and Chief Executive Officer

For further information, please contact:

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

Neither the TSX Venture Exchange nor its Regulation Service Pro vider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the ade quacy or accuracy of this release. This news

release may contain forward‐looking statements including but no t limited to comments regarding the timing

and content of upcoming work pro grams, geological interpretations, receipt of property titles, potential

mineral recovery processes, etc. F o r w a r d ‐ l o o k i n g s t a t e m e n t s a d dress future events and conditions and

therefore, involve inherent risks and uncertainties. Actual res ults may differ materially from those currently

anticipated in such statements.

Renmark Financial Communications Inc.

Tel.: (416) 644-2020 or (514) 939-3989

www.renmarkfinancial.com