October 31, 2016 — Gold Bullion Development Corp. (TSXV:GBB) (OTCPINK:GBBFF) (“Gold Bullion”) is pleased to announce that it has completed a private placement of 25,315,789 “flow‐through” units at a price of $0.095 per unit, for gross proceeds to Gold Bullion of approximately $2.4 million.