NOVEMBER 2014

The 7,232 Ha Granada Property is Located Along the Prolific

Cadillac Trend In The Famous Abitibi Greenstone Belt

GRANADA GOLD PROPERTY

Granada Gold Property Open in All Directions: East, West, North, South And at Depth

COMPANY SNAPSHOT
Rolling Start To Gold Production At US$797 Per Ounce
Thus far, Gold Bullions Granada Property contains a measured resource of 946,000 ounces
(28.735 million tonnes grading 1.02 g/t), an indicated resource of 659,400 ounces (18.740
million tonnes grading 1.09 g/t, and an inferred resource of 1,033,000 ounces gold (29.975
million tonnes grading 1.07 g/t Au) using a cut-off grade of 0.40 g/t (1.6 million ounces M & I
at 1.05g/t) (PEA Feb. 4-2013) Share Price:
Preliminary-Feasibility Study PFS for the Rolling Start completed with all in cash costs of
US$797 per ounce for gold production at higher grades of 4.24g/t gold from the open pits
assessed in the report http://goldbulliondevelopmentcorp.com/Files/2014-05-06-Press-Release.pdf

After taxes NPV had an IRR of 139% with an NPV of $20.04 Million. Pre-tax numbers are IRR
of 169% with NPV of $24.65 million discounted at at 6% within 3 years a payback period of just
under 7 months for the $6.7M needed to commence the Rolling Start

Capitalization November 18, 2014

Share Price:

$0.035 CDN

Basic Shares (M):

282,650,591

Fully Diluted Shares (M):

337,053,037

Market Capitalization:
Insider/Management Ownership:

$9.9 M
Approx 4.79%

GOLD BULLION SHARE PERFORMANCE

COMPELLING GEOLOGICAL FEATURES

Granada lies within the prolific Abitibi Greenstone Belt which has produced over 160 million
ounces of gold
The controlling geological influence at Granada is the important Cadillac Fault system which
traverses the northern portion of the property
Numerous multi-million ounce gold deposits are in close proximity to Granada including Osisko's
massive Canadian Malartic Deposit, 65 kilometres to the east
Granada is a sediment-hosted, structurally controlled vein-type deposit that has been intruded by
a series of syenitic feldspar porphyry sills and dykes
LONG Bars Zone mineralization occurs in quartz veins, veinlets, stockworks and breccias in both
sedimentary and intrusive lithologies and exists as free gold and as fine gold with disseminated
sulphides
NE and ENE trending fault structures are also of intense interest
The Block Model and the Eastern Extension are hosted by conglomerates and greywackes of the
Archean Timiskaming group sediments and intruded by later syenite - these rocks appear to be
intensely hydrothermally altered
A very large "halo" of low grade gold mineralization appears to exist at Granada
A prominent zone of deformation, hydrothermal alteration and quartz veining potentially extends
for at least five kilometres around the old mine workings
Excellent potential for a high tonnage near surface deposit plus a high grade underground gold
deposit

GRANADA LAND PACKAGE

Granada Gold Property 7,232 Hectares
Gold Bullion Development Dominant Landholder In Emerging Granada Mining Camp

PROPERTY LOCATION THE GOLDEN HIGHWAY

Gold Bullion Developments Granada mine site is located in the Canadian Province of Quebec, a politically stable, promining jurisdiction that has emerged as and continues to be one of the top global locations for setting up new mining
operations. The site, near Rouyn-Noranda in northern Quebec is in the heart of the renowned Abitibi Greenstone Belt, a
region that has produced 160 million ounces of gold over the years. The main geological feature on the Granada property
is the "Cadillac Trend system, which crosses through the northern part of the property.

GRANADA MINE HISTORY

The mining history at Granada dates back 80 years.

Between 1930 and 1935 the Granada Mine produced over
50,000 ounces of gold from high-grade quartz veins before
a fire destroyed the surface structures and halted
operations at that time.
Welcome to Granada Mine

In the 1980s and 1990s nearly 500 shallow holes were

drilled over a small footprint with encouraging results.
Later in the 1990s those exploration efforts were halted
due to weak gold prices. In the year 2000 roughly 2,200
ounces of gold was successfully mined from Vein #2.

In 2006 Gold Bullion Development Corp. acquired the

property from Mousseau Tremblay Inc. and began work
that has lead to present day.

Geologist Preparing a Sample

LONG BAR ZONE PHASE 2 DRILLING

Major Expansion of LONG Bars Zone Eastern Extension
Continued Development of LONG Bars Zone
25,000 metre Phase 2 drill program significantly expanded the Eastern Extension as much as 500
metres north to south and 600 metres west to east
Visible gold and disseminated sulphides were increasingly observed in porphyry during Phase 2
drilling
Near-surface mineralization was encountered and at depth (below 200 metres vertical depth where
there has been limited historical drilling at Granada)

GR-10-86 was an important Phase 2 discovery of near

surface mineralization in the southernmost area of the
Eastern Extension. The hole, which featured intense
alteration, returned an interval of 84.6 metres grading 1.00
g/t Au. Visible gold was intersected at two different depths,
in a brecciated quartz vein and in feldspar porphyry.

An example of the type of porphyry that has been intersected

in many LONG Bars Zone holes.

LONG

BAR ZONE PHASE

DRILLING

50,000 Metre Phase 3 Drill Program (completed September 2011)

Exploratory Drilling
Testing of expanded LONG Bars Zone
Infill and definition drilling
Resulted in initial NI-43-101 Resource Estimate (NR April 2, 2012)
97,700 ounces Au Measured (3.02 M tonnes at 1.01 g/t)
543,400 ounces Au Indicated (17.04 M tonnes at 0.99 g/t)
846,600 ounces Au Inferred (23.93M tonnes at 1.10 g/t)
Cut-off grade 0.40 g/t Au

Phase 3 drilling in the Block Model occurred at the northwestern edge of the large waste pile. North-easterly trending fault
structures, spatially related to the Cadillac Fault to the north were features of intense focus during this phase. To facili tate
drilling of several priority targets related to the fault structures believed to occur beneath the waste pile, the waste pile
rock has since been removed, treated and repurposed.

SIGNIFICANT PHASE 4 DRILL RESULTS

The completed Phase 4 drilling increased the east-west strike 175 metres to the west of the
existing resource model with direct implications for the expansion of gold mineralization at
Granada.
On July 9, 2012 Preliminary results from the deep hole program confirmed the extension of gold
mineralization 800 metres down plunge and at 900 metres vertical depth.
On August 30, 2012 results from 2 deep holes and 4 wedges from the 5,697 metre deep drilling
program in deep holes DUP-12-02 and DUP-12-03 were 8.18 grams per tonne gold across 1.5
metres from 1218.0 to 1219.5 metres down hole including 4.11 grams per tonne across 3.0
metres from 1218.0 to 1221.0 These drill results again continued to confirm specific highgrade zones at depth with thickness and grade suitable for underground mining.
*Down hole core length was close to true thickness and uncut.
Much like the previously completed drill programs, the 2012 Phase 4 drilling campaign on the
Granada project proved to be successful. The information gathered by this program coupled
with the released back logged drill data has confirmed the suggested suitability for both a near
surface low-grade bulk mining scenario in addition to the potential for an underground highgrade operation.

2013 PROGRESS

JUNE
In June 2013 the Company completed a trenching program aimed at validating the existence and
position of mineralized zones at surface based on high-grade zones identified in ten previously drilled
holes. The four trenches and test pits returned assays that ranged as high as 22.42 g/t gold over 1.04
metres. The higher grades came from samples in the eastern section of the extended LONG Bars
zone. Significant visible gold was also noted near surface at a depth of 10 cm in the western area of
trenching.
MAY
On May 15th, 2013 the Company announced it had confirmed contracts with a number of independent
consultants including SGS Geostat taking a lead role in overseeing project management. Roche Lte,
Groupe-Conseil was also retained for all aspects of environmental and permitting work while C.C.
Consultants were retained to advise on all matters pertaining to social responsibility and local
community relations.

FEBRUARY
The PEA dated February 4th, 2013 served as the starting point for the determination of extraction
process optimization with the goal of reducing cash costs per ounce and related capital expenditures.
This first PEA, as part of the optimization process, included scenarios that increased the grade of the
open pit resource from 1 g/t Au to 2 g/t Au. This flexibility in grades facilitates economic gold extraction
regardless of fluctuations in metal prices.

2014 RECENT DEVELOPMENTS

NOVEMBER
Trenching results with highlights of 108.6 g/t Au on 1 metre channel
http://www.goldbulliondevelopmentcorp.com/Files/2014-11-18%20Press%20Release%20(amended).pdf
Received from the MERN the authorization to locate mining waste on crown land in accordance with our mining lease. This
completes one of 2 remaining permits required prior to the commencement of the Rolling Start. The only outstanding permit is
from MDDELCC for the C of A for the environment
AUGUST
GOLD BULLION MOVING FORWARD ON THE GRANADA MINE ROLLING START
Trenching Program to determine optimal location to begin mining
(Press Release - August 13, 2014)
JULY
GOLD BULLION ANNOUNCES SIGNING OF CUSTOM MILLING AGREEMENT WITH IAMGOLD WESTWOOD MILL AND
THE FILING OF ITS REQUEST FOR CERTIFICATE OF AUTHORIZATION
(Press Release - July 14, 2014)
MAY
GOLD BULLION RECEIVES POSITIVE PRE-FEASIBILITY STUDY FOR THE ROLLING START TO GOLD PRODUCTION AT
GRANADA - Phase I Open Pit Granada Gold Project, Rouyn-Noranda at ALL IN CASH COST OF US $797/ OUNCE
( Press Release - May 06, 2014)
APRIL
GOLD BULLION ANNOUNCES MOU WITH IAMGOLD to process Granada ore at their Westwood Mill
(Press Release - April 10, 2014)
AGM ratification and approval for creation of Granada Royalty Shares
FEBRUARY
Revamped Shareholder Rights Plan announced
Hostile takeover provisions added to protect existing shareholders
JANUARY
Federal, Provincial, Municipal, Community and First Nations meetings held
Water Sampling program initiated

ENVIRONMENTAL PERMITS/SOCIAL ACCEPTANCE

- STATUS

ENVIRONMENTAL

Neighbourhood water sampling program has been completed

Noise analysis program completed
Mineral transport routing has been discussed with the city, the school boards and several routing paths
under review
Environmental Baseline study completed
Phase 1 and Phase 2 - Hydrogeological study completed
Chemical characterization of tailings, waste and ore rocks and its leachates
Land Use Permit for the Waste Pile in process
Fine Treatment C of A in process
Stripping and Trenching Programs underway

SOCIAL ACCEPTANCE

Community Meetings in Rouyn-Noranda began in January 2014

First Committee Meeting held August 12-2014. Rouyn-Noranda hosted meeting between GBB, the City,
and the Granada Citizens committee set up for project vigilance
Mayor and Local Counsellor supportive of GBB project
First Nations initial discussions with Temiskaming FN. Protocols signed by Frank Basa and
Temiskaming FN

LONG

BAR ZONE DRILL MAP

VISIBLE GOLD GR-11-375

REVISED PIT LAYOUT

The Granada Mine property mineralization gives Gold Bullion the flexibility to develop the mine at different grades based
on market conditions to ensure economic viability. ( see NR November 13-2013 for further details)

A POSITIVE PEA WAS DELIVERED BY SGS IN DECEMBER 2012

3D VIEW OF PEA STUDY

3D VIEW OF PEA STUDY - CONTINUED

THE ROLLING START

GBB MOVING FORWARD

Short-Term:

Secure appropriate financing needed to commence gold production

Continue with infrastructure prep
Obtain Certificate of Authorization (C of A) for the rolling start

Medium-Term:
Plan details of drilling program Targeting(*) to add between 9.6 to 14.4 Million tonnes with a grade
range of 3.35 to 4.61 g/t mineralized material.
Carry out in-fill drill programs
Increase the NI 43-101 compliant resource
Commission environmental impact study for higher capacity production
Plan underground production
Secure non-equity financing for the purchase of additional mill capacity
Finalize the Shareholder Royalty Program
Long-Term:
Increase open pit production capacity and initiate underground mining operations
Implement the Shareholder Royalty Program
(*)The potential quantity and grade is conceptual in nature as there has been insufficient exploration to
define a mineral resource and it is uncertain if further exploration will result in the target being delineated
as a mineral resource

WHY INVEST IN GBB?

Ability to vary and increase input grade depending on market conditions ensures economic viability
regardless of short term fluctuations in gold prices

US dollar gold price is now near $1200 US ($1350 CAN) which is just $50 less than the PFS at CAN $ 1400

Over 6 million shares bought by insiders in past 12 months

Advanced infrastructure in and around mine site

1.6 million ounces of gold M&I with another 1 million inferred

Open-pit near surface mine plus potential for a higher grade underground mine

Phase 2 underground preliminary mine engineering design under way with an exploration drill program
designed to augment existing gold resource

Only 20% of LONG BAR zone explored to date, open in all directions

Cash flow from Rolling Start to fund further exploration activities

C of A for gold extraction being processed with mining to follow when granted

Permits for pre-stripping and tree clearing have been approved

THE TEAM AT GOLD BULLION DEVELOPMENT CORP.

Frank J. Basa. P.Eng - President, CEO & Chairman

With 3 decades global experience in gold mining, exploration and development Mr. Basa possesses expertise in milling, gravity
concentration, flotation, leaching and refinement of both precious and base metals. Frank Basa is a graduate of McGill University and is
a registered professional hydrometallurgical engineer
Roger Thomas - Director and Secretary

Mr. Thomas brings a career in the investment industry that spanned some 3 decades. He joined Gold Bullion Development Corp. as a
Director in 2008 after gaining considerable expertise in finance and marketing with The National Bank, Blackmont Capital and B.C.E
among others. Roger Thomas is a graduate of Carleton University where he focused his studies on finance, economics and accounting.
Previous to that he studied engineering and used his expertise with the U.S. Air Force and Canadian Military to ensure optimum
performance from their sophisticated communication systems

Jacques F. Monette - Director

Mr. Monette has been a Gold Bullion Director since 2008 and is a past Director of Landdrill International Inc. also serving as their Vice
President of Marketing. His career spans 4 decades and covers every aspect of underground mining operations. Some of his previous
positions include Vice President of Mining Operations with Wabi Development Corp. and V.P of Development for CMAC Mining Group
Thomas P. Devlin - Chief Financial Officer
Thomas P. Devlin became Gold Bullions CFO in January 2009 bringing over 40 years of accounting and management experience in the
investment and junior resource industries. Thomas has also been CFO of Castle Silver Mines Inc. since May 2013 and serves as its
President. He studied engineering at McGill University in the 1980's.

Annemette Jorgensen - Director

Ms. Jorgensen has been head of Corporate Development with Gold Bullion since February 2010. She was appointed a Director in April
2012. Annemette Jorgensen brings 2 decades of finance, media, marketing and investor relations expertise to the Gold Bullion Board.
She raised over a million dollars per month as Manager of Debentures Investments with the TSX listed firm Samoth Capital. Other
executive positions held include Residential Leasing Manager at Bentall Capital Corporation and Corporate Sales Manager with The
Vancouver Board of Trade
SGS Canada Inc. - Geological, Environmental & Engineering Consultant

Global Leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognized as the
global benchmark in quality and integrity. With more than 67,000 employees, SGS operates a network of over 1,250 offices and
laboratories around the world

DISCLAIMER FORWARD LOOKING STATEMENTS

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This presentation includes certain forward-looking statements. All statements, other than statements of historical fact, that address
activities, events or developments that Gold Bullion Development Corp. believes, expects, anticipates or plans will or may occur in the
future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as
seek, anticipate, believe, plan, estimate, expect, and intend and statements that an event or result may, will, can, should,
could, or might occur or be achieved and other similar expressions. These forward-looking statements reflect the current internal
projections, expectations or beliefs of Gold Bullion Development Corp. based on information currently available to Gold Bullion
Development Corp. In addition, all statements other than statements of historical fact, included in this presentation, including without
limitation statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Gold Bullion
Development Corp, are forward-looking statements that involve various risks and uncertainties. The mineral resources estimates
contained here are only estimates and no assurance can be given that any particular level of recovery of minerals will be realized or that
an identified resource will ever qualify as a commercially mineable or viable deposit which can be legally and economically exploited. In
addition, the grade of mineralization ultimately mined may differ from the one indicated by the drilling results and the difference may be
material. The estimated resources described herein should not be interpreted as assurances of mine life or of the profitability of future
operations. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from
Gold Bullion Development Corp. expectations include, among others, risks related to the start-up of operations, the actual results of
current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as
well as future prices of gold, silver and base metals. Although Gold Bullion Development Corp. has attempted to identify important factors
that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Mr. Frank J. Basa, P.Eng., President/CEO of Gold Bullion Development Corp., is the qualified person under the meaning of National
Instrument 43-101 and has reviewed the data in this presentation.
Qualified Persons
Claude Duplessis, P. Eng., President of GoldMinds Geoservices, is responsible for and technical information herein and has reviewed and
approved the contents of this disclosure. Claude Duplessis is a Qualified Person and is independent of Gold Bullion within the meaning of NI
43-101.

Roger Thomas
Director
Email: info@goldbulliondevelopmentcorp.com
Annemette Jorgensen
Corporate Development & Director
Email: annemette@goldbulliondevelopmentcorp.com

Head Office

2875 Ave Granada,

Rouyn-Noranda, Quebec J9Y 1J1
Phone: 819-797-4144 Fax: 819-762-2306