An anonymous director reports

GLOBAL COMPLIANCE APPLICATIONS CORP. CLOSES DEBT SETTLEMENT

Further to the news release dated Oct. 17, 2024, Global Compliance Applications Corp. has settled an aggregate of $125,500 of debt owed to six creditors of the company. In settlement of the debt, the company issued an aggregate of 12.55 million common shares in the capital of the company at a deemed price of one cent per share.

A total of 9.75 million shares 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 remaining 2.8 million shares 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 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 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.

We seek Safe Harbor.