GC-Global Capital Corp. Announces Change of Auditor

Toronto, Canada--(Newsfile Corp. - December 24, 2012) - GC-Global Capital Corp.’s (TSXV:GDE.A) ("Global Capital" or “the Company”) Chief Executive Officer Jason Ewart announced today that it has engaged Collins Barrow Toronto LLP, Chartered Accountants as the new auditors of the Company effective December 10, 2012. Collins Barrow Toronto LLP, Chartered Accountants will audit Global Capital’s financial statements for the year ended December 31, 2012. Global Capital had previously engaged MSCM LLP, Accountants & Advisors as its auditor.

There were no disagreements with MSCM LLP, Accountants & Advisors on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure for the period that their auditing services were provided.

“Global Capital has engaged MSCM LLP, Accountants & Advisors for several years, and we have great respect for the firm and its professionals whom we have worked with during that time”, said Jason Ewart, Global Capital’s C.E.O. He added “Our decision with regards to the move to Collins Barrow Toronto LLP, comes at a time when Management at Global Capital believes that the growth of our business will require an auditing firm with experience in providing auditing services to Canadian public companies with significant investments in private companies, in a manner that is consistent with the Company’s recent investments in Marathon Mortgage Corporation, Attorneys Title Guarantee Fund, Inc. and Tanenbaum Landscape & Design Inc.”

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, please contact Jason G. Ewart, C.E.O. at (416) 488-7760 or visit Global Capital’s website at www.gcglobalcapital.ca .

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.

 
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