MINE LOCATION

64 km South of Chibougamau
550 km North of Montréal

OWNERSHIP

50% Gold Bullion Development Corp. (GBB-TXS.V)
50% Global Finishing, Inc. (G8BA-Frankfurt)

COST OF ACQUISITION

• $200,000 paid on signing;
• Issue a debentures for an amount of $5,100,000 with annual interest of
  8% secured by a first hypothec on imovables including the hoist and
  head frame, and stores;
• The interest on debentures to be paid quarterly;
• The redemption of debentures will be done in three equal installments
  with the first payment of $1,700,000 eighteen months from date of definitive
  agreement and the other payments to be made 12 and 24 months later;
• NSR of 4% on all production

HISTORY

Since 1956 the Joe Mann gold Mine has produced 1,253,869 onces of gold.

MINERAL RESOURCE

As of January 01, 2007 the previous owner of the Joe Mann has received from Geostat International an evaluation of the Mineral Resource qualified under the National Instrument 43-101.

The report indicated the following:

• Proven Reserves : 32,000 short tons @0.201oz/S.T. AU
• Probable Reserves : 6,000 short tons @ 0.211 oz/S.T. AU
• Measured Resources : 9,000 short tons @ 0.240 oz/S.T. AU
• Indicated Resources : 142,000 short tons @ 0.239 oz/S.T. AU
• Inferred Resources : 165,000 short tons @ 0.233 oz/S.T. AU

In all categories the estimated Reserves and Resources represent
82,257 ounces of gold.

PRODUCTION

The Joe Mann did produce from July 2006 to June 2007.

• 13,328 ounces of gold
• 6,327 ounces of silver
• 266,080 pound of copper

As of October 25, 2007 this production would be
worth $11.3 Million.

DRILLING

Gold Bullion and Global Finishing have initiated a first phase of drilling on October 12, 2007.

This initial phase will consist of 2,500 meters of underground diamond drilling, to test the continuity of the known menaralized stuctures between 1,120 and 1,620 ft below the actual workings.

RESERVES

A recalculation of the unmined Reserves and Resources will be done using a lower cut off grade. Current gold price make possible to mine grade as low as 0.065 once/ton and be profitable.

This recalculation will be qualified under the National Instrument 43-101 and will account for the New Resources resulting from the first phase of drilling.

PRODUCTION

The immediate goal is to bring the extraction of ore at 10,000 tons per month and progressively increase the tonnage to 30,000 T/month during the first year.

The long term goal is to increase the reserves to the 1,000,000 ounces benchmark with an annual production of 60,000 ounces of gold at a cost below $300 per ounce.

MILLING

The ore extracted from the Joe Mann Mine will be processed at the Copper Rand Mill, near the Joe Mann Mine, at a price of 20$ per Tonne for a minimum of 10,000 Tonnes.

FINANCING

Operations and expansion of the Mine will be finance from the production. Gold Bullion and Global Finishing will raise additionnal funds, for working capital purpose, using traditionnal equity financing and innovative financial instrument converting in gold bar.

RESPONSABILITIES

Mr Frank Bassa (GBB) have the responsability to monitor all aspect of the production while Mr Richard Diotte (G8BA) have the responsability complete the financing required by both companies.