File: '\\swfile\EmailIn\20241204 135120 Attachment Global Compliance Applications Corp. - News Release Announcing regarding bi-weekly status report in Management Cease Trade Order - Dec 4, 2024 (1).docx'

LEGAL_45454791.1

LEGAL_45454791.1

Global Compliance Applications Corp. Provides Bi-Weekly Status Report

Vancouver, British Columbia, Canada, December 4, 2024 - Global Compliance Applications Corp. ("GCAC" or the "Company") (CSE: APP, FSE: 2FA, OTCQB: FUAPF) announces that further to its news releases dated October 30, 2024 and November 20, 2024 (the "Default Announcements"), the Company's principal regulator, the British Columbia Securities Commission (the "BCSC") granted a management cease trade order (the "MCTO") on October 29, 2024, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203").

Pursuant to the MCTO, the Chief Executive Officer and the Chief Financial Officer may not trade in securities of the Company until such time as the Company files its annual audited financial statements for the year ended June 30, 2024, including the related management's discussion and analysis, and CEO and CFO certifications on or before December 27, 2024 (collectively the "Required Documents") and the Executive Director of the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.

The Company's staff are working diligently with its auditors and the Company anticipates that it will be in a position to file the Annual Financial Filings by December 15, 2024.

The Company's Board of Directors and management confirm that they are working expeditiously to file the Required Documents and confirm that since the Company's Default Announcement:

There have been no material changes to the information contained in the Default Announcement that would reasonably be expected to be material to an investor;

There have been no failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the alternative information reporting guidelines under NP 12-203;

There has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Announcement; and

There have been no material changes in respect of the Company's affairs that have not been generally disclosed.

Until the Required Documents have been filed, the Company intends to continue to satisfy the provisions of the Alternative Information Guidelines specified in NP 12-203 by issuing these bi-weekly default status reports in the form of further press releases for so long as the Company remains in default of the Required Documents filing requirement.

For more Company information, please visit www.gcac.tech or review its profiles on sedarplus.ca and on the Canadian Securities Exchange's website www.thecse.com.

Press Contact

Phone: +1 (800) 409-5679

Email: info@cannappscorp.com

Neither the CSE nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.