Golden Valley Development, Inc. Announces Contract to Produce Final Percuguard Medical Device Prototype

Golden Valley Development, Inc. (OTC: GVDI) (www.goldenvalleydev.com) is pleased to announce the signing of top plastics design engineer Tom Beaumont, for the purpose of preparing the final computer-aided designs and materials assembly for the Percuguard needle stick prevention device prototype. Mr. Beaumont will be involved in the prototype development and the near-term introduction of PercuguardTM into broad dental and medical markets, which together exceed one billion applications annually.

Mr. Beaumont, an industrial designer for over 30 years, including over 20 years at Motorola, with over 52 lifetime design and utility patents to his name, is developing the design and pre-production parts for the Percuguard Finger Guard Needle Stick Prevention Product. The innovative new design approach provides reliable needle stick protection in indicated applications with comfort, flexibility, low cost and ease of use. The latest tooling and manufacturing techniques will be implemented in conjunction with state of art material applications. The new Percuguard will be designed to be aesthetically pleasing, safe, effective and cost effective to satisfy the dental and medical provider end user.

Kevin Sorrels, D.D.S., CEO of GVDI, stated, “We are excited to bring Tom on board. The design changes as demonstrated in the prototype will provide the healthcare worker with protection and allow for manual dexterity and tactile sensitivity. Tom brings years of hard experience and a remarkable success to our production team.”

Tom Beaumont remarked, “I am pleased to be able to develop this exciting technology – since the product provides a solution for accidental needle sticks in medical and dental procedures where other approaches have fallen short.”

About Golden Valley Development, Inc.

Golden Valley Development, Inc. is a publicly-traded product development and technology licensing company based in Clearwater, FL. Through two of its wholly-owned subsidiaries, its business plan is to manufacture and market patented products in the health care and home consumer markets, beginning with its first two products, “Cut Stop”TM and “PercuGuard”TM.

Forward-Looking Statements

Portions of this press release contain forward-looking statements and involve risks and uncertainties that could materially affect expected results of operations, liquidity, cash flows and business prospects.

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