An anonymous director reports

GLOBAL COMPLIANCE APPLICATIONS CORP. ANNOUNCES EXTENSION OF WARRANTS

Global Compliance Applications Corp. intends to extend the expiry date of an aggregate of 19,556,819 common share purchase warrants by one year to March 25, 2025.

The warrants were originally issued on Sept. 25, 2020, and were set to expire on Sept. 25, 2023. However, in September, 2023, the company extended the expiry date of the warrants for a period of six months and the warrants are currently set to expire on March 25, 2024. Each warrant entitles the holder thereof to acquire one common share in the capital of the company at a price of five cents per common share. Of the 19,556,819 warrants outstanding, 13,636,365 are held by insiders of the company. All other terms of the warrants, including the exercise price, will remain unchanged.

About Global Compliance Applications Corp.

Global Compliance is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. Global Compliance's leading solution is Efixii, an ethereum Layer 2 blockchain and EVM (ethereum virtual machine) programming functionality that is on par with other Layer 2s, such as Polygon. Global Compliance can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value chain dApps that allow for data connectivity to drive better consumer experiences and sales. Global Compliance created clearESG to assist businesses in communicating their sustainability goals and earned attributes on the blockchain through a series of ESG (environmental, social and 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. Global Compliance works in many agricultural industries, providing a value-added blockchain offering through a cost-effective software-as-a-service licensing model.

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