Great Atlantic Resources Corp. announced it has received analytical results for a portion of its 2023 rock samples collected at its Golden Promise Gold Property, located in the central Newfoundland gold belt. Two samples from a quartz float boulder from a target area in the northern region of the property returned 4.64 and 3.42 grams /tonne (G/T) gold.

The gold bearing quartz vein float boulder is located within a relatively new target area for the Company in the northern region of the Golden Promise Property and west of the gold-bearing Jaclyn Zone (which hosts gold bearing quartz veins /vein systems). This target area was initially identified by Great Atlantic during 2020 reconnaissance prospecting and rock - soil geochemical sampling with rock and soil samples yielding anomalous gold values. The quartz vein boulder was located during 2022 of which a sample from this boulder returned 1.83 G/T gold.

Great Atlantic relocated and sampled this boulder during 2023, collecting three samples. Two samples from this boulder returned 4.64 and 3.42 G/T gold. The third sample returned a weakly anomalous value of 10 parts per billion ppb) gold.

Another 2023 float sample from this target area consisting of small pieces of shale with quartz veins yielded an anomalous value of 349 ppb gold. The gold bearing quartz vein boulder is located approximately 2.4 kilometers west of the western part of the Jaclyn Main Zone. The Jaclyn Main Zone is the most advanced of the gold-bearing quartz vein systems at the Jaclyn Zone.

Great Atlantic reported a National Instrument 43-101 compliant inferred mineral resource estimate for the Jaclyn Main Zone (119,900 ounces of gold - uncapped) during late 2018. Great Atlantic is planning additional work during the 2024 field season within this target area consisting of additional prospecting and rock - soil geochemical sampling plus geophysical surveys to identify trenching /drilling targets and locate the bedrock source of the gold bearing boulder. The Golden Promise Property is located within the Exploits Subzone of the Newfoundland Dunnage Zone.

Significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. at the Valentine Gold Project, Sokoman Minerals Corp. at the Moosehead Gold Project and New Found Gold Corp.

at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization at the Golden Promise Property. The 2023 rock samples referred to in this news release was analyzed for gold by Eastern Analytical Ltd. by fire assay - AA.

The 2022 rock sample referred to in this news release was analyzed by ALS Canada Ltd. for gold by fire assay - AA. Both ALS Canada Ltd. and Eastern Analytical Ltd. are independent of Great Atlantic.