GC-Global Capital Corp.

GC-Global Capital Corp.

October 25, 2010 09:30 ET

GC-Global Capital Corp. and MBMI Resources Inc. Enter Into $600,000 Loan Agreement

TORONTO, ONTARIO--(Marketwire - Oct. 25, 2010) - GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") is pleased to announce that it has provided a $600,000 secured bridge loan (the "Loan") to its client company, MBMI Resources Inc. (TSX VENTURE:MBR) ("MBMI"). The one year Loan bears interest at 10% per annum, payable monthly. As consideration for the Loan, Global Capital was issued 600,000 common shares of MBMI and received a structuring fee of $12,000 at closing. 

The net proceeds of the Loan shall be used for exploration and development of MBMI's Philippine nickel mineral properties, and for general corporate purposes.

"Since August, 2009, when Global Capital and its syndicate of investors provided an initial bridge loan of $2.3 million to MBMI, the company has expanded its operations and achieved the major corporate milestone of receiving formal government approval for the development of full-scale mining operations at its properties in the form of FTAA Approval," said Global Capital's C.E.O. Jason Ewart. He added "Recently the Global Capital team returned from a site visit in the Philippines and were very impressed with the operations and their management team's plans for 2011."

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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