Mr. Ryan Gibson reports

GCAC PROUDLY ANNOUNCES A CORPORATE UPDATE TO ITS SHAREHOLDERS AND THE PUBLIC

Global Compliance Applications Corp. (GCAC) is one of the first firms listed on the Canadian Securities Exchange to have built an ethereum Layer 2 blockchain, which is the foundation of the Efixii app and continued evolution into an industry software of choice for compliance-based blockchain development. In addition to its historical markets and loyal supporters, the solution has been expanded to include a focus on multiple industry applications from agriculture through the vastly growing fintech (financial technology) and stable coin markets, with a keen desire to partner with and acquire other fintech companies and licensed entities to expand the wallet technology into the lucrative fintech market while advancing the cash flow and revenue models of the business.

Under the guidance of chief executive officer Ryan Gibson, a clear path to market penetration and revenue generation has been established leveraging the existing technology with his extensive experience building and licensing fintech companies globally from New Zealand, Australia, the United States, Canada, Europe, Singapore and South Africa.

"Having just attended events in the South African stablecoin market and Malaysia, it has been confirmed over and over again that there exists a gap and opportunity for GCAC to supply connectivity to and transactions on our blockchain. It is clear we will fundamentally change markets that have been desperate for a solution. Connecting them together as a leading provider of technology also rails into the financial services market and other industries that benefit from providence and transparency such as agriculture, commodities, mining, healthcare, fintech, charities and churches, telecom, events, tourism, and more. It's exciting to be part of such a well-designed technology when the world is focused on the advantages of digital assets and fintech future. We have an attractive story and vision to be told, and I know we have the right team to achieve this," said Mr. Gibson.

The company further announces that it intends to extend the expiry date of an aggregate of 7,788,727 common share purchase warrants by one year to Dec. 30, 2026. The warrants were originally issued on Dec. 30, 2022, were originally set to expire on Dec. 30, 2024, and were extended to Dec. 30, 2025. 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. None of the warrants 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 Applications 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 (ethereum virtual machine) programming functionality that is on par with other Layer 2s, such as Polygon. GCAC can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value-chain dApps (decentralized apps) that allow 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 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. GCAC works in many agricultural industries, providing a value-added blockchain offering through a cost-effective SaaS (software-as-a-service) licensing model.

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