An anonymous director reports

GLOBAL COMPLIANCE APPLICATIONS CORP. ANNOUNCES UNIT FINANCING AND DEBT SETTLEMENT

Global Compliance Applications Corp. will proceed to a non-brokered private placement of eight million units of the company at a price of one cent per unit for aggregate gross proceeds of $80,000. Each unit consists of one common share in the capital of the company and one share purchase warrant. Each warrant entitles the holder thereof to acquire one share at a price of five cents per warrant share for a period of 24 months from the closing date of the offering. The company intends to use the proceeds raised from the offering for general working capital purposes. All securities issued in the offering 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.

Additionally, the company will settle an aggregate of $351,891 of debt owed to five creditors of the company. In settlement of the debt, the company will issue an aggregate of 35,189,141 units at a deemed price of one cent per settlement unit. Each settlement unit consists of one common share in the capital of the company and one-half of one share purchase warrant. Each whole warrant entitles the holder thereof to acquire one share at a price of five cents per warrant share for a period of 24 months from the closing date of the debt settlement. A total of 35,189,141 settlement units will be 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 warrants and underlying common shares and warrant shares, if applicable, comprising 17,594,570 settlement warrant 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 allows 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.