An anonymous director reports

GLOBAL COMPLIANCE APPLICATIONS CORP. CLOSES UNIT FINANCING AND DEBT SETTLEMENT

Global Compliance Applications Corp., further to its news release dated Feb. 27, 2024, has completed a non-brokered private placement of 1.5 million units of the company at a price of two cents per unit for aggregate gross proceeds of $30,000. Each Unit consist of one common share in the capital of the Company (a "Share") and one Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire one Share (a "Warrant Share") at a price of $0.05 per Warrant Share for a period of 24 months from the closing date of the Offering. The Company intends to use the proceeds raised from the Offering for general working capital purposes. All securities issued in the Offering are subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

Additionally, the Company has settled an aggregate of $90,000 of debt (the "Debt") owed to three creditors of the Company (the "Creditors"). In settlement of the Debt, the Company issued an aggregate of 4,500,000 Units (the "Settlement Units") at a deemed price of $0.02 per Settlement Unit (the "Debt Settlement"). 4,000,000 Settlement Units were issued pursuant to the Employee, Executive Officer, Director, and Consultant exemption set forth in Section 2.24 of National Instrument 45-106 - Prospectus Exemptions, and as a result, such securities are not subject to a hold period under the prevailing Canadian securities laws. However, the Shares, Warrants, and Warrant Shares, if applicable, comprising the remaining 500,000 Settlement Units are subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

About GCAC

GCAC is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. GCAC's leading solution is Efixii, an Ethereum Layer 2 blockchain and EVM programming functionality that is on par with other Layer- 2's, such as Polygon. GCAC can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value chain dApps that allows for data connectivity to drive better consumer experiences and sales. GCAC created clearESG to assist businesses in communicating their sustainability goals and earned attributes on the blockchain through a series of ESG (Environmental, Social & Governance) merit badges. As an interconnected supply chain solution, the Efixii solution pays tokens for attesting to a product's value, or truthness, through a reward program. GCAC works in many agricultural industries providing a value-added blockchain offering through a cost-effective SaaS licensing model.

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