NEWS RELEASE
3965 156 Street, Surrey, BC, V3S 0G7 Telephone: 604 838 3376 Fax: 604 648-9307
June 4, 2008 TSX.V. GBB
CONFIRMATION ISSUED FROM TSX VENTURE EXCHANGE FOR SHAREHOLDER GOLD PROGRAM
Frank Basa, P. Eng, the President of Gold Bullion Development Corp. (TSX.V: GBB) (the “Company”) announces that the Company has received confirmation from the TSX Venture Exchange that they will not object to the gold program if it is within these conditions:
• the program can only be offered to shareholders of the Company;
• the maximum subscription per shareholder should be proportional to share ownership;
• the right to purchase gold is non-transferable;
• the funds raised in the gold program can only be used for the financing of the project (i.e. bringing a mine into production);
• the maximum annual production allocated to the gold program shall not exceed 50% of the annual production;
• the program is to be properly disclosed by the Company to the public; and
• the legal counsel of the Company must provide a legal opinion to the Exchange that the future sale of gold (or the rights to purchase gold) is not considered as a ''security'' as defined under securities legislation in Canada.
The Company will file a formal application with the Exchange before going ahead with the gold program.
The Company will make available the amount of ounces and costs to the shareholders once a NI #43-101 report is completed.
For more information on Gold Bullion Development Corp. (TSX-V: GBB), visit our website
http://www.goldbulliondevelopmentcorp.com/en/.
ON BEHALF OF THE BOARD OF DIRECTORS
:signed” Frank J. Basa
Frank J. Basa, P.Eng.
President
CONTACT INFORMATION
613-823-3359 and 613-292-2438
info@Goldbulliondevelopmentcorp.com
THIS PRESS RELEASE HAS BEEN PREPARED BY MANAGEMENT. THE TSX VENTURE
EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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