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Gold Bullion Development Corp
Symbol GBB
Shares Issued 282,650,591
Close 2015-01-29 C$ 0.045
Market Cap C$ 12,719,277
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Gold Bullion, Timiskaming sign MOU for Granada

2015-01-30 09:01 ET - News Release

Mr. Frank Basa reports

GOLD BULLION SIGNS MOU ON GRANADA PROJECT WITH TIMISKAMING FIRST NATIONS

Gold Bullion Development Corp. and Timiskaming First Nations have entered into the second stage of their mutually beneficial relationship with the signing of a memorandum of understanding regarding Gold Bullion's Granada gold project near Rouyn-Noranda, Que., a community with a strong mining history that lies within the traditional territories of the TFN.

This agreement solidifies the confidential and continuing information sharing between the two parties with the aim of maintaining an open, friendly and co-operative working relationship while Granada advances to the next level on both the production and exploration fronts.

Frank Basa, Gold Bullion president and chief executive officer, stated: "We are extremely pleased with this MOU with the TFN. The agreement is a win-win as it recognizes the interests of the Timiskaming First Nations as well as opportunities and potential economic benefits for both the TFN community and Gold Bullion shareholders."

This agreement is another significant next step in Gold Bullion's high-grade rolling-start production initiative. Gold Bullion and the TFN will begin working toward the next agreement, which will address issues such as further financial arrangements, training, employment and business opportunities.

The information in this release was prepared jointly by Frank Basa, PEng, a member of the Ontario Association of Professional Engineers and a qualified person in accordance with National Instrument 43-101, and Chief Terence McBride of the Timiskaming First Nations.

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