March 23, 2016 - Gold Bullion Development Corp. (TSXV:GBB) (OTCPINK:GBBFF) (the “Company” or “Gold Bullion”) is pleased to announce that further to its news release dated March 17, 2016, the Company has closed its private placement offering raising gross proceeds of $920,137.15. The Company issued 18,402,743 units at a price of $0.05 per unit. Each unit is comprised of one common share and one share purchase warrant with each warrant entitling the holder thereof to purchase one additional common share of the Company at an exercise price of $0.10 per share.