November 10, 2010

Effective immediately, the common shares of Global Biotech Corp. ("GBQ") are suspended from trading on CNSX for failure to comply with Exchange requirements.

The common shares, currently halted, will remain suspended until further notice.

For further information please contact Radhika Ramkarran at (416) 572-2000 X 2435 or E-mail: radhika.ramkarran@cnsx.ca