Global Development Resources, Inc. Appoints a New CFO and Director and Schedules a Shareholder Meeting

   Global Development Resources, Inc. (TSX VENTURE: GDV.H) (the "Company") announces that it has appointed Andrew Hilton to the Board of Directors of the Company and as Chief Financial Officer of the Company. Mr. Chris Carmichael has resigned from the Board of Directors and as Chief Financial Officer of the Company.

The Company also announces that on November 24, 2010 at 10:00am it will hold its annual general and special shareholders meeting (the "Shareholder Meeting"). At the Shareholder Meeting the Company is looking for shareholder approval to approve a three for one consolidation of the common shares of the Company (the "Consolidation") and approve the issuance of more than 100% of the Company's current outstanding shares issued via a shares for debt financing ($123,850 in total debt) at a $0.05 per common share price (post Consolidation) and a common share private placement financing of up to $200,000 at a price of $0.05 per common share (post Consolidation). Further details can be found in the information circular for the Shareholder Meeting which has been mailed to shareholders and is available on SEDAR.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Global Development Resources, Inc. Mr. Andrew Hilton CFO [phone]