GC-Global Capital Corp.

GC-Global Capital Corp.

March 29, 2007 11:32 ET

GC-Global Capital Corp. Announces the Renewal of its Normal Course Issuer Bid

TORONTO, ONTARIO--(CCNMatthews - March 29, 2007) - GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global") announces that it has been authorized by the TSX Venture Exchange to make a normal course issuer bid. Global intends to purchase from time to time, if and to the extent Global considers advisable, up to a maximum 965,058 subordinate voting shares out of the total 19,301,169 issued and outstanding on March 27, 2007. The number of shares proposed to be acquired represents approximately 5% of the total number of the issued and outstanding subordinate voting shares. The bid will commence on March 30, 2007 and end on March 30, 2008.

The shares will be purchased in the open market through the facilities of the TSX Venture Exchange. The purchased shares are to be cancelled. All purchases are to be settled in accordance with normal settlement procedures of the TSX Venture Exchange. Purchases pursuant to the bid will be made by MacDougall, MacDougall & MacTier Inc. on behalf of Global. Global has a policy of maintaining a normal course issuer bid on its subordinate voting shares. Through a normal course issuer bid during the period December 18, 2003 to December 17, 2004, Global (GMPC) Holdings Inc. ("GMPC") purchased and cancelled 1,782,334 subordinate voting shares at an average cost of $0.24. From March 29, 2005 to December 31, 2005, GMPC purchased and cancelled an additional 746,500 subordinate voting shares at an average cost of $0.26. These purchases were made prior to an amalgamation on December 31, 2005 whereby GMPC amalgamated with E & E Capital Funding Inc. and formed GC-Global Capital Corp. Under the amalgamation, each one GMPC subordinate voting share was exchanged for 0.3 GC-Global Capital Corp. subordinate voting shares. From October 6, 2006 to February 19, 2007 Global purchased 76,300 subordinate voting shares at an average cost of $1.00.

About Global

Global 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.

"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."

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