Gold Bar Development & Consulting Ltd. Announces Business Strategy and Management Appointments

Hamilton, Bermuda – 02 November, 2012 – Gold Bar Development & Consulting Ltd.(the “Company”, “Gold Bar”; Ticker: GOLD.BH) announces its current business strategy. 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 will focus 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 Earths surface. Gold Bar combines the alluvial mining techniques its 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.