Gold Bullion Development Corp. Advises Shareholders that Castle Silver Mines Inc. Preliminary Prospectus is Available on SEDAR

Gold Bullion Development Corp. (OTC Other: GBBFF & TSX-V: GBB) announced today that the preliminary prospectus dated September 16, 2011 of its wholly-owned subsidiary Castle Silver Mines Inc. is now available under Castle Silver Mines’ company profile on SEDAR at www.sedar.com. As previously announced, the prospectus is intended to qualify the distribution by Gold Bullion of an aggregate of approximately 1,950,000 common shares of Castle Silver Mines to all shareholders of Gold Bullion by way of dividend in kind.

All Gold Bullion shareholders will receive one common share of Castle Silver Mines for approximately every 85 issued and outstanding Gold Bullion shares on the distribution record date. The distribution record date will be set by the Board of Directors of Gold Bullion in accordance with the policies of the TSX Venture Exchange, at which time Gold Bullion will issue a press release announcing the record date and the final distribution ratio.

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