Gold Bar Development & Consulting Ltd – Attempted Hostile Take-over Failed

Hamilton, Bermuda – 19 April, 2013 – In a filing with the Bermuda Stock Exchange (“BSX”), Gold Bar Development & Consulting Ltd. (the “Company”; Ticker: GOLD.BH) released a market announcement addressing a reported hostile take-over attempt.

The filing, dated 09 April, 2013, stated:

Gold Bar Development & Consulting Ltd. announces that with intensive defense measurements in place, the management and majority shareholders of the Company were able to fend off a hostile and fraudulent take-over of the Company.

Bryan Bardes, CFO Gold Bar Development & Consulting Ltd. stated: 'Due to the current developments, we can not yet disclose all of the details regarding the attempt to take over our company by an international finance service provider. We can however, assure that there will be no sale of Gold Bar Development & Consulting Ltd. and thus also no reverse merger.'

With immediate effect, the Company has in addition separated from its financial advisor PRIMARY CAPITAL LTD., PEMBROKE, BERMUDA.

On a more positive note, the Company has had a very successful year mining gold in Guyana, South America. Utilizing it's alluvial mining approach, with a single crew of only 8 workers, the Company was able to extract and sell over 300 ounces of gold, grossing over $500,000 in revenues. The Company is in the process of getting its financial statements audited, and will let investors know once these are complete.

Gold Bar Development & Consulting Ltd. intends to substantially expand it's own mining activities in Guyana by purchasing additional equipment and putting additional crews together. Gold Bar will also expand its consulting services in 2013.

About Gold Bar Development & Consulting Ltd.:

Gold Bar's business strategy brings top-notch management and organization
along with the most current mining technology deep into the jungles of Guyana, South America, to some of the most mineral rich plots of land on Earth. The Company's current focus is on alluvial gold mining projects. Utilizing its alluvial mining approach, the
Company focuses on the 3-foot layer of gold rich gravel, which lines thousands of acres throughout the Cuyuni Region of Guyana anywhere from 3 to 20 feet below the Earth's surface. Gold Bar combines the alluvial mining techniques it's team has practiced
for the past couple of decades with the latest centrifuge technology to increase efficiency and extract maximum gold per yard. The Company then in turn sells this gold to the Guyana Gold Board.

The Company will allocate a portion of this cash flow generated by its alluvial gold mining endeavors to an exploration program consisting of surveying and diamond drilling in order to identify and develop underground hard rock gold deposits.

Gold Bar also offers consulting services to other mining companies looking to extend their reach into Guyana, as well as local Guyanese junior miners looking to expand their current operations. By providing financial and logistical assistance to local junior miners,
Gold Bar is able to enter into joint ventures and share in their revenues. This enables the Company to capitalize on mining camps already in operation and producing gold (property & workers already secured) and significantly reduce the time involved in
generating a return on investment.

Gold Bar Development & Consulting Ltd. Contacts:

Saratu Phillips, CEO, or

Bryan Bardes, CFO

Tel: +1 855 419 4653

Address:

New Venture House

3 Mill Creek Road, 3rd Floor, Pembroke, Bermuda HM05

Internet: www.gold-bar-dev.com

Bermuda Listing Sponsor:

Appleby Securities (Bermuda) Ltd.

Mr. Sherman Taylor