VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 30, 2007 -- Frank J. Basa, P. Eng., President of Gold Bullion Development Corp. (CDNX:GBB.V - News), is pleased to announce that it has entered into a working agreement with Global Finishing Inc., a company listed on the Frankfurt Stock Exchange (Frankfurt:G8BA.F - News) with respect to the Joe Mann Mine located some 64 km south of the town of Chibougamau, Quebec.

The working agreement will enable the Company and Global Finishing to become equal partners splitting and sharing costs and profits on a 50/50 percentage basis on milling, mining and support services prorated after payment from production. Global Finishing has committed the first $1,000,000 to the working agreement and will be raising additional funds for both companies as needed, using traditional institutional equity financing and an innovative gold program.

This working agreement is designed to accelerate the capital expenditure program at the Joe Mann Gold Mine. The Company already started an initial phase of drilling on October 12, 2007, which will evaluate the extension of the known mineralized structure at depth. A re-evaluation of the mining method and a recalculation of the mineral resources of the Joe Mann will begin next week. During the second week of November, a date will be set to call back employees at work to restart the mining and milling of ore.

The acquisition of the Joe Mann by the Company and the additional working agreement are both subject to the approval of the regulatory bodies. Refer to the Company's press release dated September 20, 2007.

For more information on Gold Bullion Development Corp. (CDNX:GBB.V - News), visit our website http://www.goldbulliondevelopmentcorp.com/en/.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank J. Basa, P.Eng., President

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.

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.

     Contacts:
     Gold Bullion Development Corp.
     Frank J. Basa, P.Eng.
     President & Chairman
     (604) 838-3376
     (604) 648-9307 (FAX)
     Email: info@Goldbulliondevelopmentcorp.com
     Website: http://www.goldbulliondevelopmentcorp.com/en/
      
     AGORACOM Investor Relations
     Email: gbb@Agoracom.com
     Website: http://www.agoracom.com/IR/goldbullion