GC-Global Capital Corp.
TSX VENTURE : GDE.A

GC-Global Capital Corp.

September 17, 2009 09:30 ET

GC-Global Capital Corp.'s Client Company, MBMI Resources Inc., Completes a Second Tranche of a Loan in the Amount of $1,400,000

TORONTO, ONTARIO--(Marketwire - Sept. 17, 2009) - GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") is pleased to announce that further to the joint press release on August 4, 2009, its client company, MBMI Resources Inc. (TSX VENTURE:MBR) ("MBMI"), has closed the second tranche of a secured loan in the amount of $1,400,000. To date the total amount of the secured loan is $2,400,000. The second tranche has been advanced to MBMI in the form of a secured two year convertible debenture for $700,000 and a secured two year bridge loan for $700,000. The loans bear interest at 10% per annum, compounded and payable monthly.

The first tranche closing was on August 4, 2009, in the amount of $1,000,000. The net proceeds of the loans will be used for exploration and development of MBMI's Philippine nickel mineral properties, and for general corporate purposes.

"We are pleased to see the successful closing of this second tranche financing for our client company MBMI." said Global Capital's C.E.O., Jason Ewart. He added, "On September 14th Sumitomo Metal Mining Inc., Japan's largest nickel producer announced that it will start construction of a $1.3 billion nickel and cobalt plant in the Philippines as global demand increases. We view this as significant event as it further legitimizes the Philippines as an important global nickel resource and MBMI will benefit from this project upon its completion. Nickel prices have jumped 41 percent this year, touching a one-year high in August, amid growing optimism for a global economic recovery".

About MBMI Resources Inc.

MBMI Resources Inc. (TSX VENTURE:MBR) is a Canadian-based mining company focused on the exploration and development of nickel mineral properties in the Philippines. MBMI and its Philippine partners have an interest in nine nickel laterite projects in the Philippines, covering an area greater than 22,000 hectares. MBMI's objective is to become a major supplier of high-grade nickel products to primary industrial consumers in Asia. For further information, please contact MBMI Resources Inc. Investor Relations Toll Free: 1-877-399-1991 or 604-683-1991 or visit MBMI's website at www.mbmiresources.com.

About Global Capital

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.

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