Gold Bullion Development Corp. Under Current Progress Review.

M2 PRESSWIRE-20 June 2007-www.streetinvesting.com: Gold Bullion Development Corp. Under Current Progress Review(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:20062007

Please visit www.Streetinvesting.com for the full report, additional research and related articles on the company mentioned herein.

Wall Street treaded softly at the Bell this Tuesday as the Real Estate sector disclosed a declining economic diagnosis. Reports from the National Association of Homebuilders defined the official figures on the drop of new homes and apartments construction as 2.1 % for May. Investors were very well aware that this sector was in jeopardy, but now that the statistics are out they might look at it as a portent of the economy's well-being. Old fears might hinder the bashful bull response which has recently overruled the dominant bearish trend directing the market the last few weeks. Investor's sentiment is still quite raw about the different factors skulking the economy, namely inflation, interest rate and today's economic data on the housing sector. This week trading sessions is set to look more like a test of faith more than anything. Gold Bullion Development Corp. (TSX-V: GBB) closed at $ 0.18 with a trading volume of 104,400 this Monday.

Our research team has been walking the mile, investigating the possibilities floating about in the Canadian Juniors. As the market spins more spice and thorn everyday, pulling investors back to the learning bench, we have brought forward the following contender, Gold Bullion Development Corp. (the "Company").

On Tuesday 19th June, 2007, in a press release, Frank J. Basa, P.Eng., President of Gold Bullion Development Corp. announced that the Company has received a certificate of authorization for the extraction of a 40,000-tonne bulk sample from the underground workings of the Rousseau Gold Mine from the Ministere du Developpement durable, de l'Environnement et des Parcs du Quebec (Quebec Department of Sustainable Development, Environment and Parks).

Management has received competing bids from three mining contractors to undertake the first phase of the program which includes dewatering and the rehabilitation of the ramp. In the coming weeks, a contractor will be selected to undertake this program. After completion of the first phase, it is the intent of the Company to resample the underground workings and develop a mining plan to extract up to 40,000 metric tonnes of mill feed which will be processed at the Company Granada Mine and Mill site.