GDE.A

GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital" or "the Company") announces that effective October 20, 2011 Mr. Cyril McLean has resigned from the Board of Directors due to personal reasons. Mr. McLean first joined the Board in 2007. The Company also announces the appointment of Mr. David Ellison of Toronto, Ontario as a member of the Board of Directors of Global Capital. Mr. Ellison is presently a principal at Acuity Corporate Securities Lawyers in Toronto. He also worked as a lawyer in the London, UK office of Clifford Chance LLP and in the Toronto offices of Bennett Jones LLP and Goodman and Carr LLP. Mr. Ellison's appointment to the Board is subject to TSX Venture Exchange approval.

Mr. Jason Ewart, Chief Executive Officer, commented, "I wanted to personally thank Cyril for his contribution as a member of the Board of Directors and wish him best of luck in his future endeavours. I would also like to welcome David as a member of our team."

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, 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.

Contacts: GC-Global Capital Corp. Jason G. Ewart C.E.O. (416) 488-7760www.gcglobalcapital.ca

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