VANCOUVER - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the 'Company' or 'Great Atlantic') is pleased to announce it has received analytical results for the third drill hole of the 2021 diamond drilling program at its Golden Promise Gold Property.

The drill hole, completed at the Jaclyn Main Zone, intersected multiple near-surface gold-bearing intervals including a quartz veined interval with high grade gold, returning 56.8 grams / tonne (g/t) gold over 0.75 meters core length. The Golden Promise Property is located within the central Newfoundland gold belt.

GP-21-151 was drilled within the west region of the Jaclyn Main Zone (JMZ) in an area of high-grade quartz veins as intersected by Great Atlantic during the 2019 and 2021 drilling programs. GP-21-151 is a definition drill hole, the third hole of the 2021 8-hole drilling program at the Jaclyn Zone. It was drilled between two 2019 drill holes, GP-19-142B and GP-19-144, of which GP-19-144 intersected high-grade gold in a quartz vein (61.35 g/t Au over 2.04 meters core length). GP-21-151 was drilled at an approximate 50-degree dip to the northwest (approximately 350 degrees relative to True North) to further define multiple gold bearing veins in this part of the JMZ. It was drilled to a length of 116 meters.

Drill core from GP-21-151 was geologically logged and core samples were cut at the Company's secure facility in central Newfoundland. The gold assays confirm multiple gold bearing intervals including three drill core samples exceeding 5 g/t gold of which one 0.40 meters core length quartz vein sample with visible gold returned 101.4 g/t gold.

Contact:

Mr. Christopher R. Anderson

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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