GC-Global Capital Corp. Announces Its Financial Results for the Year Ended December 31, 2010

   GC-Global Capital Corp. ("Global Capital") (TSX VENTURE: GDE.A) announces its financial results for the year ended December 31, 2010.

2010 Operating Results

As at December 31, 2010 Global Capital had net assets totaling $15.6 million or $0.81 per share compared to $15.5 million or $0.78 per share as at December 31, 2009. The change in net asset value is primarily due to the increase in the value of the Company's available for sale investments. For the year ended December 31, 2010, Global Capital had a net loss of $46,751 or $0.00 per share compared to a net loss of $4,468,502 or $0.22 per share for 2009. Included in net loss for the year ended 2010 is a non-recurring settlement of contingency in the amount of $288,990.

Total assets as at December 31, 2010 were $17.1 million compared to $16.5 million as at December 31, 2009. Included in total assets are $3.6 million in cash and short term investments (2009 - $2.2 million), $3.9 million in notes receivable, bridge loans and convertible debentures (2009 - $9.6 million), $5.8 million in portfolio investments (2009 - $2.1 million), $2.5 million in investment property (2009 - $1.4 million), $0.08 million in an investment in an associated company (2009 - $Nil) $0.5 million in other assets (2009 - $0.5 million) and $0.6 million in future income taxes (2009 - $0.6 million).

Chief Executive Officer, Jason Ewart said, "During 2010 we continued to liquidate portions of our portfolio and collect principal from outstanding bridge loans with the goal of shoring up our cash levels for future transactions. The net loss of $46,751 for the year included a non-recurring settlement of contingency in the amount of $288,990. The latter half of the year saw an improved economic backdrop for business activity within North American markets, and we saw the benefits transferred to the values of our investments and equity kickers from bridge loans as indicated by our comprehensive income of $426,097 for the year as well as a slight increase in our NAV per share." He added, "We continue to work towards being able to reinstate our annual dividend policy in the future."

Comments on the First Quarter of 2011

The Company expects to file its first quarter financial statements for the period ending March 31, 2011 prior to the end of June, 2011.

2010 Audited Financial Statements and MD&A

A full set of the 2010 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.

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.

Contacts: GC-Global Capital Corp. Jason G. Ewart [phone] www.gcglobalcapital.ca