Gold Bar Development & Consulting Ltd. Seeks Opportunity in Guyana’s North West Mining District

Hamilton, Bermuda – 04 November 2015 – in a filing with the Bermuda Stock Exchange, Gold Bar Development & Consulting Ltd. (the “Company”, “Gold Bar”; BSX Ticker: GOLD.BH, Frankfurt Ticker: B7GN) announced that they are in negotiations to enter into a joint venture agreement.  The filing stated:

Gold Bar is currently in negotiations to enter into a joint venture agreement with a mining permit holder in Guyana’s North West (Barima-Waini) Mining District. The permit holder has a mining camp already set up and in operation consisting of 14 workers as well as mining equipment. Gold Bar has been requested to provide operational, logistical, and financial support to the mining operation in exchange for the majority of the gold production. This is a tremendous opportunity for Gold Bar to expand its footprint into another mining district in Guyana and add another source of revenue to the Company.

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.

Forward-Looking Information

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the estimation of mineral resources. Often, but not always, forward-looking statements can be identified by the use of words and phrases such as "plans," "expects," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the receipt of applicable regulatory approvals, risks related to the debt facility proceeding, risks related to the final findings and assumptions set forth in the Technical Report, general business, economic, competitive, political and social uncertainties; the actual results of exploration activities; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Risk Factors" in the Company's annual information form. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Company Contact:

Gold Bar Development & Consulting Ltd.

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

Email: info@cohort.bm