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

GC-Global Capital Corp.

December 01, 2010 09:30 ET

GC-Global Capital Corp. Announces That Its Client Company, MBMI Resources Inc. Has Executed a US$7,000,000 Pre-Advance Financing

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2010) - GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") is pleased to announce that its client company, MBMI Resources Inc., (TSX VENTURE:MBR) ("MBMI") has concluded a Pre-Advance Payment agreement with a Japanese lender of up to US$7 million to be utilized in advancing the Palawan nickel projects to full-scale development. The Funding will be repaid through proceeds of future nickel material deliveries to Japanese nickel consumers who have arranged the financing at a negotiated rate of the net sales value of nickel material shipments with interest charged at Libor plus 2% annual rate.

The proceeds of this financing shall be used for the development of MBMI's Palawan, Philippine nickel mineral properties.

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. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit Global's website at www.gcglobalcapital.ca.

Neither the 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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