TORONTO, ONTARIO – GC-Global Capital Corp. (“Global Capital”) (TSX Venture Exchange “GDE.A”) announces its financial results for the first quarter ending March 31, 2013.


Overall First Quarter Performance


The net loss for the quarter ended March 31, 2013 was $370,948 (March 31, 2012 profit of – $101,745) and net comprehensive loss was $370,948 (March 31, 2012 – profit of $224,681). The bulk of the loss from operations, $265,362 (March 31, 2012 – $140,754) and equity method valuation which may not be realized in the future: $105,586 (March 31, 2012 – profit of $236,749). Net loss per share was $0.02 (March 31, 2012 – profit of $0.01). In 2013 and 2012, the management team focused on reversing the impact of non-cash, valuation sources where possible. Efforts to reverse these non-cash expenses focused on: 1) recovering capital from legacy bridge loans which have been written down, 2) identifying opportunities to reduce the provision for loan losses, 3) improving the valuation of equity investments through working with management to drive net profit, 4) capturing improvements in the United States real estate market.


As at March 31, 2013 GC’s net assets were valued at $8.86 million or $0.46 per share compared to $9.23 million or $0.48 per share as at December 31, 2012. The $0.37 million dollar change in net assets is primarily due to a net loss of $0.37 million. There were no share buybacks through the Company’s Normal Course Issuer Bid (“NCIB”) in the first quarter of 2013.


A portion of the losses for the quarter ended stem from the delay in the launch of Marathon Mortgage Corporation (“MMC”), a core holding of the Company. MMC is a residential mortgage origination, sales and servicing company registered across Canada.


Subsequent Event


On May 29, 2013, the Board of Directors approved the issuance of 900,000 options to executive and non-executive directors as well as the corporate secretary. The exercise prices of the options are $0.20 and $0.40. The options are subject to a 4 month hold and have a term of 10 years. The 490,000 options for the executive directors have a vestment schedule of 25% beginning May 29, 2013, and 25% in each of the subsequent six month intervals until they are all vested. Half of the executive directors options have an exercise price of $0.20 and half with an exercise price of $0.40. The 410,000 non-executive directors and the corporate secretary options have a vestment schedule of 1/3 on the grant date, 1/3 six months from the grant date and 1/3 a year from the grant date, all with an exercise price of $0.20. The option plan is designed to give each optionee an interest in preserving and maximizing shareholder value in the longer term.


A full set of unaudited financial statements and related notes have been filed on SEDAR.


About GC-Global Capital Corp.


Global Capital is a merchant bank, which provides bridge loan services, to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit Global Capital’s website at www.gcglobalcapital.ca .


Forward-Looking Information


These materials include certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Other than statement of historical fact, all statements in this material, including, without limitation, statements regarding fair values of marketable securities, investments, bridge loans, convertible debentures, estimated asset retirement obligations, and future plans and objectives of the Company, are forward-looking statements that involve various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of these materials. Important factors that could cause actual results to differ materially from the Company’s expectations include, without limitation, the level of bridge loans completed, the nature and credit quality of the collateral security, the sufficiency of cost estimates for remaining reclamation obligations as well as those factors discussed in the Company’s documents filed from time to time with the TSX Venture Exchange, Canadian securities regulators and other regulatory authorities. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.


Neither 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.