GOLD BULLION INTERSECTS HIGH GRADE MINERALIZATION IN LONG BARS ZONE EASTERN EXTENSION

	    VANCOUVER, Nov. 9 /CNW/ -
	    Mr. Frank J. Basa reports:
	    Gold Bullion Development Corp. (GBB, TSX.V) (the "Company" or "Gold
Bullion") is pleased to report several new assay results from Phase 2 drilling
in the LONG Bars Zone Eastern Extension of its 100% owned Granada Gold
Property.  Gold Bullion is aggressively exploring Granada, located five
kilometres south of Rouyn-Noranda in northwestern Quebec, as a potential
open-pit deposit along the prolific Cadillac Trend where numerous
multi-million ounce deposits have been discovered and developed.  The Eastern
Extension is outside Gold Bullion's LONG Bars Zone Preliminary Block Model
that was outlined in detail in the Company's April 22, 2010, news release. 
	    GR-10-55, collared 88 metres northwest of Phase 1 Discovery Hole GR-10-17
(123.5 metres grading 1.07 g/t Au), has returned the highest grades to date in
the Eastern Extension including 4.05 g/t Au over 40.5 metres from 86.64 to
127.14 metres. The 116-metre interval between 86.64 and 202.5 metres averaged
1.69 g/t Au. 
	    Overall, GR-10-55 returned 0.60 g/t Au over a core length of 356.6
metres, the longest intersection of mineralization discovered so far at
Granada.  GENIVAR, Gold Bullion's geological consultant, reports that
mineralization in GR-10-55 is associated with altered feldspar porphyry and
quartz-veining. The hole was drilled at an angle of 65 degrees and ended in
conglomerate at a vertical depth of 175 metres.  Intervals are as follows:
<<

 ___________________________________
|     GR-10-55 - Eastern Extension  |
|___________________________________|
|From (m)|To (m)|Interval (m)|g/t Au|
|________|______|____________|______|
|   86.64|127.14|       40.50|  4.05|
|________|______|____________|______|
|   86.64|202.50|      115.87|  1.69|
|________|______|____________|______|
|   86.64|185.70|       99.06|  1.85|
|________|______|____________|______|
|   86.64|239.51|      152.87|  1.36|
|________|______|____________|______|
|  112.14|181.15|       69.01|  2.59|
|________|______|____________|______|
|    3.40|360.00|      356.60|  0.60|
|________|______|____________|______|

>>
	    "To get a result like GR-10-55 when we are still drilling for structure
over an area that has received little historical attention is very
encouraging," explained Frank Basa, Gold Bullion's President and CEO.  "We
have a great deal of work ahead of us but we're confident we're making
excellent progress in both the Eastern Extension and the Preliminary Block
Model as we continue toward our goal of defining a large open-pit deposit at
Granada.  We're encountering mineralization in every hole and we've yet to
start to drill for grade.  We are very eagerly anticipating a steady flow of
assay results from all areas of Phase 2 drilling through the rest of this
month and December."
	    Significant intercepts from four other holes in the Eastern Extension,
south and southeast of GR-10-17, are as follows:
<<

 _____________________________________________
|  Hole # |From (m)|To (m)|Interval (m)|g/t Au|
|_________|________|______|____________|______|
|GR-10-64 |    5.00|150.00|      145.00|  0.30|
|_________|________|______|____________|______|
|including|   29.75| 47.00|       17.25|  0.62|
|_________|________|______|____________|______|
|         |        |      |            |      |
|_________|________|______|____________|______|
|GR-10-65 |  162.78|189.00|       26.22|  0.44|
|_________|________|______|____________|______|
|GR-10-68 |   94.00|116.08|       22.08|  0.66|
|_________|________|______|____________|______|
|GR-10-72 |  175.73|217.57|       41.84|  0.42|
|_________|________|______|____________|______|

>>
	    Widths reported are drill widths; true widths are unknown. Assays are
uncut, length-weighted average values.  An updated drill map will be posted
today on the Gold Bullion web site, www.GoldBullionDevelopmentCorp.com. 
	    Gold Bullion's 25,000 metre LONG Bars Zone Phase 2 drill program has
concluded and a 50,000 metre Phase 3 program is now in progress.  More details
concerning Phase 3 will be released in the near future but the LONG Bars Zone
will be tested to a vertical depth of 450 metres.  Mineralization remains open
in all directions at Granada and a total of 170 holes have now been completed
in Phase 1, Phase 2 and Phase 3.  A prominent zone of deformation,
hydrothermal alteration and quartz-veining extends for at least five
kilometres around the old mine workings.
	    With current working capital of approximately $10 million, Gold Bullion
is in a strong financial position to advance the Granada Gold Property in the
coming months through its Phase 3 drill program and other initiatives. 
	    Gold Bullion's NQ drill program and drill core sampling, including the
quality assurance/quality control program, are supervised by GENIVAR, Gold
Bullion's geological consultant. Core was sent to ALS Chemex Labs in Val d'Or,
Quebec, and Laboratoire Expert in Rouyn-Noranda for analysis. Gold was assayed
by fire assay with additional metallics analysis done on samples where visible
gold was identified.
	    Analytical accuracy and precision are monitored by the analysis of
reagent blanks and reference materials at both labs. Quality control is
further assured by the insertion of blind certified standard reference
material and blanks into the sample stream at regular intervals by Gold
Bullion and GENIVAR personnel in order to independently assess analytical
accuracy.
	    About Gold Bullion Development Corp.
	    Gold Bullion Development Corp. is a TSX Venture listed junior natural
resource company focusing on the exploration and development of its Granada
Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver
Mine in Gowganda, Ontario. 
	    For more information on Gold Bullion Development Corp. (TSX-V: GBB, OTC
PK: GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com. 
	    Qualified Person
	    The scientific and technical information in this release was prepared
under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and
President, who is a member of the Ontario Association of Professional
Engineers and a "qualified" person in accordance with National Instrument
43-101.  
	    "Frank J. Basa"
	    Frank J. Basa, P.Eng. President and Chief Executive Officer
	    Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.  This news
release may contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc.  Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties.  Actual
results may differ materially from those currently anticipated in such
statements. 





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	    /For further information:
	    Frank J. Basa, P.Eng., President and CEO:  1-416-625-2342 Roger Thomas,
Director:  1-613-292-2438
	    Progressive Investor Relations (Canada)   Tel (604)  689-2881 or email
info@progressive-ir.com
	    Torrey Hills Capital (United States) Tel (858) 456-7300
	    /