TORONTO, ONTARIO – GC-Global Capital Corp. (“Global Capital”) (TSX Venture Exchange “GDE.A”) announces its financial results for the year ended December 31, 2012.

2012 Operating Results

As at December 31, 2012 GC’s net assets were valued at $9.23 million or $0.48 per share compared to $10.54 million or $0.58 per share as at December 31, 2011. The $1.31 million dollar drop in net assets is principally a combination of $0.40 million in new shares issued (1,333,332 shares issued January 3, 2012) offset by the net loss of $1.51 million. In 2012, the management team focused on reversing the impact of non-cash, valuation sources where possible. Progress is being made on reversing these non-cash expenses which are 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.

The majority of the losses for 2012 stem from operations and the available for sale financial assets as well as the delay in the launch of Marathon Mortgage Corporation. In 2011, legacy real estate holdings and the bridge loan related to the museum exhibition called the Las Vegas Mob Experience (“LVME”) were written down. In November 2012 GC successfully took possession of the assets of the LVME as part of its recovery process. Regarding the state of the U.S. real estate recovery, we continue to monitor the markets of North Carolina, New Mexico and Georgia where the real estate holdings are located. These markets continue to show signs of healing and expect relative improvement in these markets in 2013 and 2014. The combination of the sluggish U.S. real estate market along with the lengthy legal process of the U.S. courts required the company to take conservative measures and write down these assets with the goal of creating an asset base and net asset value per share to now grow from.

Comments on the First Quarter of 2013

The Company expects to file its first quarter financial statements for the period ending March 31, 2013 prior to the end of May, 2013.

2012 Audited Financial Statements and MD&A

A full set of the 2012 audited financial statements and the Management Discussion & Analysis will be filled today on SEDAR.

Global Capital’s shares trade on the TSX Venture Exchange under the symbol “GDE.A”.

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.

About GC-Global Capital Corp.

Global Capital is a merchant bank which provides bridge loan services (asset back/collateralized financing), 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 our website at .


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