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.