VANCOUVER - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the 'Company' or 'Great Atlantic') is pleased to summarize results for the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt.

The drilling program was conducted at the gold bearing Jaclyn Main Zone (JMZ), being part of the Jaclyn Zone. The JMZ is a gold bearing quartz vein system. The program was successful in intersecting gold bearing quartz veins within the JMZ, most being near surface within 100 meters vertical depth.

The 2019 drilling program consisted of 10 holes (including one hole stopped prematurely) totalling 1,063M. Drill core samples from seven holes exceeded 10 grams per tonne (g/t) gold.

Highlights of near surface gold intersections from the 2019 program include (core length)

GP19-137: 12.37 grams per tonne (g/t) gold over 1.90 meters

GP19-138: 113.07 g/t gold over 0.55 meters.

GP19-139: 15.80 g/t gold over 2.70 meters.

GP19-140: 2.30 g/t gold over 25.25 meters (includes 5 gold bearing veins)

GP19-144: 61.35 g/t gold over 2.04 meters.

GP19-145: 14.49 g/t gold over 1.52 meters.

All nine holes that were drilled to planned depths intersected quartz veins with plus / minus sulfide mineralization. Visible gold is present within quartz veins intersected in drill holes GP-19-138, GP-19-139, GP-19-140 and GP-19-144.

The Jaclyn Zone is located within the northern region of the Golden Promise Property and hosts five gold bearing quartz veins systems, being the JMZ, Jaclyn North Zone, Jaclyn South Zone, Jaclyn East Zone and Jaclyn West Zone.

Nine drill holes (GP19-137, GP19-138, GP19-139, GP19-140, GP19-142, GP19-142B, GP19-143, GP19-144 and GP19-145) tested the west region of the JMZ within the conceptual open pit area. Drill hole GP19-141 tested the central and deeper part of the JMZ. Drill holes GP19-142 was stopped prematurely after only 16 meters and did not reach the target depth. All holes were drilled to the northwest (300 to 340 degrees azimuth) at dips of 50 to 80 degrees to intersect the gold bearing, northeast-east striking, southeast-dipping JMZ quartz vein system. Drill holes GP19-143 and GP19-145, drilled at approximately 300 degrees azimuth, were also designed to test for cross veins. The hole numbering system used was consistent with and continued from that used by previous explorers. The 2019 drilling program was managed by a Qualified Person.

The 2019 drilling confirmed multiple near-surface gold bearing quartz veins and high-grade gold in this part of the JMZ. Drill holes GP19-138 and GP19-143 intersected two gold bearing quartz veins with samples exceeding 10 g/t gold. Drill hole GP-19-140 intersected five gold-bearing quartz veins with samples from three veins exceeding 10 g/t gold. David Martin, VP Exploration for Great Atlantic Resources states, 'the existence of multiple gold bearing veins in some drill holes, such as GP19-140, establishes the potential for local increased width and potential additional gold-bearing structures in this near-surface part of the JMZ.'

The drill core samples were analyzed at Eastern Analytical Ltd. Samples of main quartz veins and quartz veined zones were analyzed by the Total Pulp Metallics method. This involves crushing of the entire sample to -10 mesh and pulverizing to 95% -150 mesh. The total sample is then weighed and screened 150 mesh. The +150 mesh fraction is fire assayed for gold, and a 30 gram sub-sample of the -150 mesh fraction is fire assayed for gold. A calculated weighted average of total gold in the sample is reported as well (significant gold intersection values reported in this News Release). Samples of meta-sediment with +/- quartz veins were assayed for gold by fire assay (30-gram sub-samples) and analyzed for 34 elements (200-mg sub-samples totally dissolved in four acids and analyzed by ICP-OES). Eastern Analytical, a certified laboratory, is independent of Great Atlantic.

Blank and standard samples were included with the drill core sample submissions to Eastern Analytical. Duplicate analysis was conducted for some samples.

The Jaclyn Zone has been the focus of multiple historic diamond drilling programs during 2002-2010 and a historic bulk sample program at the JMZ during 2010. Majority of the historic drilling was conducted at the JMZ. Great Atlantic's focus at the Jaclyn Zone since acquiring the property has been the JMZ and the area immediately east of and along projected strike of the Jaclyn North Zone. The Jaclyn North Zone gold bearing quartz vein system is located approximately 250 meters north of the JMZ. During 2017 Great Atlantic excavated high-grade quartz boulders in trenches east of and along projected strike of the Jaclyn North Zone (Great Atlantic News Release of August 31, 2017). Assays of quartz boulder samples excavated east of the Jaclyn North Zone included 163.99, 208.51 and 332.67 g/t gold. The area east of the Jaclyn North Zone and the JMZ remain high priority areas for Great Atlantic.

Contact:

Tel: 604-488-3900

About Great Atlantic Resources Corp.

Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

This press release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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