Mr. Lorne Mann reports

GREAT ATLANTIC CONDUCTS SUMMER WORK PROGRAM ON ITS KEYMET BASE AND PRECIOUS METAL PROJECT NEAR BATHURST, NEW BRUNSWICK, CANADA

Great Atlantic Resources Corp. has commenced its summer work program.

Great Atlantic is conducting a first-phase very-low-frequency electromagnetic geophysics survey at the Keymet project. This survey is focused on the northwest region of the project to further define trench and drill targets. The survey will cover an area of gold soil anomalies, gold-bearing boulders, and gold in altered and sheared trench bedrock as discovered by Great Atlantic during 2011 to 2013, and documented base metal and silver-bearing vein occurrences. Historical reports suggest the base and silver-bearing veins in this area to be northwest trending. A northwest-trending fault is reported in this area as per government maps. Great Atlantic discovered gold- and arsenopyrite-bearing boulders and gold-in-trench bedrock in this region during 2011 to 2013. Boulder samples from these programs returned up to 51 grams per tonne gold. One trench exposed a gold-bearing sheared and altered zone, of which channel samples graded 1.09 grams per tonne gold over 11.78 metres. The VLF electromagnetic survey is also covering an area of closed-spaced 1980s diamond drill holes (Brunswick Mining and Smelting Corp. Ltd. and Aurtec Inc.), which were reported to intersect base metal and silver-bearing veins. This vein occurrence is referred to as the Elmtree 12 vein occurrence and is located approximately 1.4 kilometres northwest of the former Keymet mine. Reported drill intersections at the Elmtree 12 vein occurrence included a 0.88-metre core length interval from a 1981 drill hole, reported to grade 7.72 per cent copper, 11.36 per cent zinc and 13.6 ounces per ton silver. A 1.22-metre core length sample from a nearby 1989 drill hole was reported to assay 16.4 per cent Cu, 10.11 per cent Zn and 31.0 ounces per ton Ag. A 1.22-metre core length sample from another nearby 1989 drill hole was reported to assay 6.34 per cent Cu, 3.94 per cent Zn and 10.9 ounces per ton Ag.

Readers are warned that these historical records have been examined but not verified by a qualified person. Further work is required to verify these historical assays are accurate.

David Martin, PGeo, a qualified person as defined by NI 43-101, is responsible for the technical information contained in this news release. Mr. Martin is vice-president of exploration for Great Atlantic Resources.

The company is also pleased to announce it has received a $35,000 grant through the New Brunswick junior mining assistance program. The Keymet project is located approximately 20 kilometres northwest of Bathurst and covers an area of approximately 3,560 hectares. Great Atlantic has the option to acquire a 100-per-cent interest in the property from a local prospector, subject to a 2-per-cent net smelter royalty. Access to the property is excellent with paved roads transecting the property, including a provincial highway. Base metal mining and silver mining were previously conducted within the property during the 1950s at the Keymet mine.

The company has closed the second tranche of its private placement, which was previously announced on May 4, 2015. The second tranche consists of 1.18 million units, and Oct. 30, 2015, is the hold period expiry date in respect of the shares comprising the units and the shares issued upon exercise of the share purchase warrants. The company anticipates closing the final tranche of this private placement in the coming week.

The company also announces that further to the news release dated June 22, 2015, the company has issued 709,800 common shares in settlement of the company's debts and announces Oct. 30, 2015, as the hold period expiry date.

We seek Safe Harbor.