Corporate Disclosure news release

CNSX symbol GBQ

MONTREAL, March 17 /CNW Telbec/ - Global Biotech Corp announces at the request of Market Surveillance on behalf of the Canadian National Stock Exchange that the Corporation wishes to comment on the recent and unusual trading in the stock. Global Biotech Corp is not aware of any specific circumstances that may be contributing to the recent increase or decrease in market price and the level of trading activity of its shares.

SOURCE GLOBAL BIOTECH CORP

For further information: For further information: Louis Greco, President, Global Biotech Corp, (514) 333-4545

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GLOBAL BIOTECH CORP

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