Mr. Ryan Gibson reports

GLOBAL COMPLIANCE PROCEEDS TO PRIVATE PLACEMENT AND DEBT SETTLEMENT

Pursuant to its price protection, Global Compliance Applications Corp. will proceed to a private placement financing of up to 9,366,364 units at 1.1 cents per unit for gross proceeds of up to $103,000. Each unit consists of one common share at 1.1 cents per share and one transferable share purchase warrant exercisable at five cents per share for a period of 24 months from closing.

Debt settlement

The company has entered into debt settlement agreements with two arm's-length third parties, pursuant to which the company has agreed to issue an aggregate of 15,675,000 shares at a deemed price of 1.1 cents per share to settle a total indebtedness of $172,500.

The company has resolved to satisfy the outstanding indebtedness with shares to preserve its cash for operations.

The private placement and debt settlement transactions are subject to the approval of the Canadian Securities Exchange. Pursuant to the financing and debt settlements, an aggregate of 25,041,364 common shares and 9,366,364 warrants will be subject to a four-month-and-one-day hold period once issued on or after March 27, 2026.

The company is scheduled to close the private placement and debt settlement on March 27, 2026.

About Global Compliance Applications Corp.

Global Compliance Applications is a technology company specializing in wallet technology, compliance, onboarding and data integrity solutions for regulated industries all the way to end-user experiences, inclusive of permission-based data collection, coupons and offers on the blockchain. Its Efixii platform, developed on an ethereum Layer 2 blockchain, leverages blockchain and machine-learning technology to support secure, scalable business operations, fast transaction processing, end-user communications and loyalty. Global Compliance Applications works in many agricultural industries, providing a value-added blockchain offering through a cost-effective SaaS (software-as-a-service) licensing model. Under the guidance of Global Compliance Applications' new chief executive officer, a pivotal direction, and a vision is to develop a financial global network and fintech superwallet for deployment globally and imbedded in other communities and technologies.

We seek Safe Harbor.