Mr. Hugh Maddin reports

GLOBAL CARE CAPITAL ANNOUNCES APPOINTMENT OF INDEPENDENT DIRECTOR AND SHARES FOR DEBT

Global Care Capital Inc. has appointed Denis Hayes to the board of directors of Global Care Capital with immediate effect. Mr. Hayes is an experienced financier and underwriter of venture capital companies. He worked as a registered investment adviser for 25 years with Canaccord Capital in Vancouver, B.C., specializing in equity underwritings.

Today, Mr. Hayes continues to conceptualize, finance and manage successful companies, having raised millions of dollars for project development through his network of brokers, institutions and individual investors. Mr. Hayes has been involved in every phase of venture-stage public company development and continues to serve as a director and officer of several private and public companies. Mr. Hayes's international relationships make him a valuable facilitator of financing syndication for early-stage development projects.

C. Hugh Maddin, interim chief executive officer of Global Care, stated: "We are thrilled to welcome Mr. Hayes to the board as an independent director. Denis's financial and operational background, coupled with his many years of executive experience serving Canadian public companies, will be an invaluable addition to Global Care as we work towards the achievement of our growth plans."

Shares for debt

The company has entered into shares for debt agreements with an arm's-length creditor and a former officer of the company to settle an aggregate total of $493,716.82 of debt by the issuance of 9,874,336 common shares in the capital of the company at a deemed price of five cents per share to the creditors.

All the shares issued in connection with the shares for debt settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

Closing of the shares for debt settlement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange.

About Global Care Capital Inc.

Global Care Capital is a global investment company that specializes in providing early-stage financing to private and public companies. The company engages in new, early-stage investment opportunities in previously underdeveloped assets and obtaining positions in early-stage investment opportunities that adequately reflect the risk profile.