Investorideas.com – Gold Stocks; GOLD BULLION (TSX-V: GBB) EXTENDS LONG BARS ZONE TO THE EAST

Investorideas.com – Gold Stocks; GOLD BULLION (TSX-V: GBB) EXTENDS LONG BARS ZONE TO THE EAST

TWO EARLY PHASE 2 HOLES WITHIN BLOCK MODEL RETURN 123 METRES OF 1.07 G/T AU AND 75 METRES OF 1.50 G/T AU

Vancouver – July 30, 2010 (Investorideas.com Mining stocks Newswire) – Gold Bullion Development Corp. (TSX-V: GBB) (the “Company” or “Gold Bullion”) is pleased to report significant progress in the advancement of its 100% owned Granada Gold Property as a potential bulk tonnage, open-pit deposit. Located five kilometers south of Rouyn-Noranda, Quebec, along the prolific Cadillac Trend where numerous multi-million ounce gold deposits have been discovered, Granada presents considerable exploration upside as most of Gold Bullion’s nearly 50 square kilometre land package surrounding the former mine is just beginning to be explored in a systematic fashion.

The LONG Bars Zone geological structure has been confirmed by GENIVAR, Gold Bullion’s geological consultant, to extend east of Phase 1 discovery hole GR-10-17 (the easternmost hole drilled in Phase 1), demonstrating the growing magnitude of this mineralized system which remains open in all directions and appears to be broad-based and near-surface. The east-northeast (ENE) discovery area is outside the Preliminary Block Model and was therefore not part of the calculation of potential non-compliant resources at Granada as outlined in the Company’s April 22, 2010, news release.

A total of 6,055 metres of drilling in 27 holes has been completed in the ENE area in Phase 2 with each and every hole (north, south, east and west of GR-10-17) intersecting significant zones of altered feldspar porphyry (favorable for gold mineralization) with quartz veining. Visible gold has also been observed in many of these holes including GR-10-78 which just became the easternmost hole drilled to date by Gold Bullion at Granada. GR-10-78, collared nearly 250 metres east of GR-10-17, was drilled to a vertical depth of 350 metres and intersected large alteration and intrusive zones.

The total surface area covered to date by Phase 2 drilling in the ENE is 370 metres north-south and 384 meters east-west. The current round of drilling has been at least twice as deep as Phase 1 with very encouraging showings below 150 metres vertical depth where only limited drilling has been carried out historically at Granada. The first Phase 2 assay results from this ENE area have yet to be received. Drilling carries on as GENIVAR continues to test a number of auriferous structures contained within a wide, east-west trending zone of shearing, alteration and quartz veining.

Meanwhile, the Company is pleased to report the first few assay results from extensive infill drilling which continues within the Preliminary Block Model. GR-10-33, collared 144 metres east of the waste pile and 100 metres northeast of Pit #2 East, intersected 123.5 metres of 1.07 g/t Au (from 23 to 146.5 metres) within a wider interval of 152.5 metres grading 0.88 g/t Au (from 3