Gold Bullion Development to Prepare Resource Estimate

Gold Bullion Development (OTC Other: GBBFF; TSX-V: GBB) has retained SGS Canada Inc. as an independent consultant to provide technical assistance on its Granada Property, located along the Cadillac trend in Northwestern Quebec, 5 km south of the city of Rouyn-Noranda.  SGS will prepare a compliant NI 43-101 resource estimate followed by the preparation of Preliminary Economic Assessment (PEA). The report is expected to be disclosed in the first quarter of 2012.

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