Welcome To the Gold Bullion Development Corp. HUB On AGORACOM

So far in 2015, three trenches have been completed in the area covering the smallest proposed pit located furthest west with channel sampling from the middle trench, TR15-11, returning 6.05 g/t Au over 8 m including 14.98 g/t Au over 3 m.

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Message: Great Post--Rough Resource Calculation-Thanks Fairchij--SH

Highlights from the news release:

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 other drill rig will continue to gradually push eastward over highly prospective ground that leads out to LONG Bars Zone 2 which begins 1500 metres east of GR-10-78.

The total surface area covered to date by Phase 2 drilling in the ENE is 370 metres north-south and 384 meters east-west.

I ran a preliminary calculation (increases to the block model)

I added 250 meters to the 1100 meters established by hole 17 for a mineralized zone strike length of 1350 meters. Applied the 500 meters width used in the block model and extended the depth from 70 meters (used in the block model) to 100 meters (appears it could significantly deeper than this) And I applied the grade of 1.62 g/t established by the bulk sample.

This model gives use a resource of 8.5 million ounces. Now we add the blue sky potential and I think we can say that Granada is turning into a very significant deposit located 65k from Milartic.

I don’t like to give advise so I won’t. Just recognize that there is huge value being developed here. No way I would consider selling my shares any time soon.

rock weight in kg per cubic meter

2650

lbs/tonne

value

0.0292

conversion (troy ounce per short ton)

% ni

0

0

0

0

2.205

lbs/kg

% cu

0

0

0

0

1000

kg/tonne

oz/tonne

2205

lbs/tonne

g/t au

1.62

0.047304

52

g/t Pd

0

0

0

52

rock price per tonne

2.65

conversion factor

138

rock price per meter

grade

1.62

g/t

area

width

500

length

1350

depth

100

tonnes

67,500,000

cubic meters

178,875,000

9,307,653,300

value

150,000,000

# shares f/d

oz

1.00

option interest

$62

value/share

8,461,503

0.9

discount

$6.21

DISCOUNTED NET PRESENT VALUE

178,875,000

tonnes

8,461,503

oz

$100

buy out/oz

1.00

option interest

$846,150,300

take over price

$5.64

price/share F/D

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