GC-Global Capital Corp. Announces Purchase of 8% Preferred Shares of Marathon Mortgage Corporation

GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") is pleased to
announce that it subscribed for and purchased 2,750,000 Preferred Shares and
2,138,890 Common Shares of Marathon Mortgage Corporation ("MMC") for a total
subscription price of $2,750,213.89. MMC has been established to build a
residential mortgage origination, sales and servicing business and will be
applying for CMHC approval to commence mortgage origination and servicing
shortly. MMC brings together the former management team of First Marathon
Mortgage Corp. which at the time of its sale in 2002 was servicing approximately
$4 Billion in mortgages.


Through the MMC management team's alliances with major financial institutions
and mortgage brokerage firms, MMC's goal is to become one of the most reliable
residential and commercial mortgage lenders in Canada, providing competitive
mortgage products, competitive mortgage interest rates, competitive mortgage
terms and reliable service through quick turnaround service to its borrowers and
broker partners. MMC will underwrite prime-insured and conventional residential
and commercial mortgages that will be sold to mortgage investors, such as banks
or trust companies, co-operatives, securities firms and insurance companies. MMC
expects to retain the majority of servicing for these mortgages.


MMC's Board of Directors includes:



-Stuart Henry, Chairman of MMC                                              
-Harold Kennedy, President and CEO of MMC                                   
-Michael MacKenzie                                                          
-Hank Cunningham                                                            
-Chris Kauffman                                                             



Global Capital's acquisition of MMC Preferred and Common Shares was the lead
order in a financing of MMC which raised $7,801,000. The Preferred Shares are
expected to yield a cumulative annual dividend equal to 8% of the issue price
and the Preferred Shares are also redeemable at a redemption price equal to the
issue price. It is expected that MMC will redeem all of the Preferred Shares
within four years.


As consideration for being the lead order on the MMC financing, Global
negotiated and entered into a Put/Call arrangement pursuant to which Global may
purchase, or MMC may require Global to purchase, an additional 1.2 million
Preferred Shares and 933,333 Common Shares for an aggregate purchase price of
$1,200,093. The Put/Call shall remain available for exercise for a period of
five years, however, MMC cannot exercise their Put rights until after one year
from the date of closing of the MMC financing.


Global Capital's CEO, Jason Ewart, commented "This transaction represents a
significant investment for Global Capital. Given the track record of their
previous company, First Marathon Mortgage Corp., we believe that this management
team can once again create a leading national mortgage company."


Gord Ewart, Global Capital's Chairman, is the registered holder of 620,000
Common Shares of MMC which he acquired independently at the Common Share issue
price.


About Global Capital

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, visit Global's website at www.gcglobalcapital.ca.