Gold Bullion Development Corp. entered into a processing agreement with QMX Gold Corporation or 'QMX' to treat the historical stockpiled oversized mineralized material from the Granada mine site. The agreement also provides GBB the option to modify the QMX plant, a conventional gravity, flotation, cyanide leach circuit, to increase the capacity from the current rate of 650 tonnes per day to 1,200 tonnes day at the expense of GBB.

Capital expenditures by GBB will be offset against future treatment and processing costs. Under the agreement the Company can have up to 1.4 million tonnes processed at the QMX mill. Presently, the company has stockpiled 10,000 tonnes of oversized material at the Granada mine site with sampling of this material upcoming in order to assess the grade.