October 16, 2015 – Gold Bullion Development Corp. (TSX: V: GBB) (OTCPINK: GBBFF) (the “Company” or “Gold Bullion”) announces it has entered into an assignment agreement dated October 8, 2015 (the “Assignment Agreement”) with Takara Resources Inc. (TSX.V: TKK) (“Takara”), granting Takara the right to acquire a 100% interest in the Beaver and Violet cobalt and silver properties located in the township of Coleman, in northeastern Ontario. Pursuant to the Assignment Agreement, Takara agrees to pay to Gold Bullion an aggregate of $75,000, consisting of $15,000 payable within ten days upon execution of the Assignment Agreement plus four equal installments of $15,000 on the first, second, third and fourth anniversary dates of the date of the Assignment Agreement.