Gold Bar Development & Consulting Ltd. - Shareholder Update

Hamilton, Bermuda – 10 December, 2014 – Gold Bar Development & Consulting Ltd (the “Company” or “Gold Bar”; Ticker: GOLD.BH, Frankfurt Ticker: B7GN) announces its progress in 2014 as well as its plans for 2015. A filing read:

“As a result of a delay in receiving financing, Gold Bar was unable to purchase new equipment and hire more workers in 2014. Additionally, at the end of the first quarter of 2014, amidst increasing repairs & maintenance costs on its existing equipment, the Company decided to temporarily suspend its mining operations. The initial plan was to resume operations within two months, however further delays in financing extended that time to seven months. The Company resumed its mining operations in November.

Bryan Bardes, CFO stated: “It has been another challenging year for us, however we are very optimistic about the future. We remain focused on long-term success and building a company that will ultimately generate consistent returns for its shareholders. This year we made significant progress building our team and setting up a new corporate structure in Guyana which will serve as the foundation for years to come.”

In 2014, Gold Bar formed three new corporations in Guyana to house its local operations in the country, and has identified key personnel who will be managing the operations of each corporation.

Gold Bar plans on hiring workers and purchasing equipment for its second mining crew in Q1 of 2015 upon receiving financing, and additional workers and equipment for its third and fourth mining crews in Q2 2015.

The Company’s goal for 2015 is to achieve a consistent monthly production of 400 ounces of gold. Achieving this goal will position Gold Bar to become self-sufficient and not need to rely on outside financing to continually expand its alluvial mining operations. It would also allow the Company to further streamline operations, reduce production costs, and begin exploration & drilling work on its recently acquired Kamarang Project so that the Company can get a NI 43-101 and determine the feasibility of an open pit mine on the 11,000+ acre property.

About Gold Bar Development & Consulting Ltd.:

Gold Bar Development & Consulting Ltd. is a Bermuda based Gold
Exploration & Consulting Company with significant holdings deep in the Gold Rich Jungles of Guyana, South America.

Guyana has one of the largest mineral deposits in the world. The Company currently concentrates on surface mining of a layer of approximately one meter. In order to maximize revenues, the Company combines the team´s experience with the latest technologies. The extracted gold is sold to the Guyana Gold Board. The Company plans to utilize a portion of its profits on exploration work to determine the presence of gold that is embedded in rocks below the surface.

Gold Bar also offers consulting services to other mining companies that want to start business in Guyana or mining companies that want to expand their operations in Guyana. By supporting other mining companies financially and logistically, Gold Bar can enter into joint ventures and participate in revenues. The possibility to share resources enables Gold Bar to generate a short-term Return-of-Investment.”

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Contacts:

Saratu Phillips, CEO of Gold Bar Development & Consulting Ltd.

Bryan Bardes, CFO of Gold Bar Development & Consulting Ltd.

Telephone +1-855-419-4653

Address:

Veritas Place

65 Court Street, Hamilton HM 12, Bermuda

Bermuda Listing Sponsor:

Cohort Limited.

Mrs. Tracy Packwood            Tel: (441) 295 2043