VANCOUVER,
April 11, 2012 /PRNewswire/ - Gold
Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the
"Company" or "Gold Bullion") is pleased to provide an update with
respect to its proposed Shareholder Gold Royalty Program.
The Shareholder Gold Royalty is being developed
so that Gold Bullion shareholders can participate in the security
of gold ownership. The proposed Shareholder Gold Royalty is
intended to allow Gold Bullion shareholders to receive a dividend
payable in gold on a pro rata basis, based on the number of Gold
Bullion shares held on the dividend record date. Shareholders
who do not have a gold metal account or for other reason may not be
able to receive the physical metal will be able to receive their
dividend in Canadian dollars.
Gold Bullion intends to implement the
Shareholder Gold Royalty if and when the Granada Gold Mine enters
into production. The Shareholder Gold Royalty will be for the
life of the Granada Gold Mine for all current resources, and for
other resources that may be discovered through further
exploration. Gold Bullion cannot guarantee that the Granada
Gold Mine will enter into production or that the proposed
Shareholder Gold Royalty will be implemented. The proposed
Shareholder Gold Royalty replaces the Shareholder Gold Purchase
Program outlined in Gold Bullion's news release dated June 4th, 2008, and is part of Gold
Bullion's forward-looking policy of ensuring shareholder
value. Gold Bullion will inform shareholders of the details
of the Shareholder Gold Royalty as the program is developed.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX
Venture-listed junior natural resource company focusing on the
exploration and development of its Granada Property near
Rouyn-Noranda, Québec. Additional
information on the Company's Granada gold property is available by visiting
their website at www.GoldBullionDevelopmentCorp.com and on
SEDAR.com.
"Frank J. Basa"
Frank J. Basa,
P.Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. This news release may
contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking
statements address future events and conditions and therefore,
involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such statements.
SOURCE Gold Bullion Development Corp.