GDE.A

GC-Global Capital Corp. ("Global Capital") (TSX VENTURE: GDE.A) announces its financial results for the six months ended June 30, 2010.

Highlights from the six months ended June 30, 2010

--  Net assets of $15.3 million or $0.78 per share at the end of the
    quarter;
--  Net income before taxes of $39,703 for the first six months compared to
    a loss before tax of $334,268 for the same period in 2009;
--  Cash and short term investments of $4.7 million ($0.24 cash per share)
    at the end of the quarter.

Management's Comments

As at June 30, 2010 Global Capital had net assets totaling $15.3 million or $0.78 per share compared to $15.5 million or $0.78 per share as at December 31, 2009. The change in net asset value is due to the net income of $28,869 for the sixth month period ended June 30, 2010 as well as changes in the value of the Company's available for sale financial assets.

For the six months ended June 30, 2010, Global Capital had net income before taxes of $39,703 or $0.00 per share compared to a net loss before tax of $334,268 or $0.02 per share for the same period in 2009. Net income for the six months ended June 30, 2010 was $28,869 or $0.00 per share as compared to a net loss of $334,268 or $0.02 per share for the same period in 2009. For the quarter ended June 30, 2010, Global Capital had a net loss before taxes of $385,866 or $0.02 per share compared to a net loss before tax of $697,362 or $0.03 per share for the same period in 2009. The above net income and loss per share has been calculated using the weighted average number of multiple and subordinate voting shares during each period. Net loss for the quarter ended June 30, 2010 was $396,856 or $0.02 per share as compared to a net loss of $697,362 or $0.03 per share for the same period in 2009.

The Company's loan and convertible debenture portfolio amounted to $5.9 million, a decrease of 39% as compared to $9.6 million at December 31, 2009. The decrease of the loan and convertible debenture portfolio was due to the repayment of bridge loans outstanding during the period as well as a partial conversion of the Company's outstanding convertible debentures.

Total assets as at June 30, 2010 were $16.6 million compared to $16.5 million as at December 31, 2009. Included in total assets are $4.7 million in cash and short term investments.

Chief Executive Officer, Jason Ewart commented, "Operations were essentially break-even during the first half of the year. During the quarter the company received repayments from several bridge loans and we ended the quarter with a significant amount of cash that may be deployed into new transactions."

Subsequent Events - Appointment of New CFO

The Company is pleased to announce the appointment of Mr. Andrew Hilton to the position of Chief Financial Officer effective August 27, 2010. Mr. Hilton first joined the Company in 2005, serving as Manager of Financial Reporting responsible for accounting, special projects and administration. Mr. Hilton succeeds Mr. Chris Carmichael after 8 years of dedicated service. Mr. Carmichael will remain with the Company on a consulting basis with a focus on transaction structuring and loan portfolio analysis. "Since joining Global Capital in 2005 Andrew has proven to be a trusted, knowledgeable and valuable member of our team. His detailed knowledge of our organization and its many complexities will hold him in good stead in this new position. I look forward to our continued working relationship and have no doubt that Andrew will thrive in his new role as our CFO," stated Mr. Jason Ewart, Chief Executive Officer. He added "On behalf of our shareholders, board of directors and entire management team, we wish to thank Chris for his outstanding contribution to Global Capital throughout his eight years of service. Chris was one of the founding members of Global Capital and a key player in the critical early years of building the company."

A full set of unaudited financial statements and related notes have been filed on SEDAR.

About GC-Global Capital Corp.

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. In 2009, the Company launched the GC-Global Capital Lending Partners Limited Partnership (the "Fund") which provides secure bridge loans to micro-cap and small-cap companies. The Fund's investment objective is to provide investors with a high yield and the preservation of capital. As the General Partner of the Fund, Global Capital participates along side the fund in these bridge loan transactions and receives a management fee and performance bonus for its services.

Forward-Looking Information

These materials include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Other than statement of historical fact, all statements in this material, including, without limitation, statements regarding fair values of marketable securities, investments, bridge loans, convertible debentures, estimated asset retirement obligations, and future plans and objectives of the Company, are forward-looking statements that involve various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of these materials. Important factors that could cause actual results to differ materially from the Company's expectations include, without limitation, the level of bridge loans completed, the nature and credit quality of the collateral security, the sufficiency of cost estimates for remaining reclamation obligations as well as those factors discussed in the Company's documents filed from time to time with the TSX Venture Exchange, Canadian securities regulators and other regulatory authorities. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.

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.

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