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FOCUSED ON EXPLORING ATLANTIC CANADA                              TSX.v: GR                            
                   FRA: PH01
GREAT ATLANTIC RECEIVES APPROVAL TO EXTEND WARRANTS TERM
________________________________________________________ ______
FOCUSED ON EXPLORING ATLANTIC CANADA                                   

VANCOUVER, British Columbia - July 14, 2020 - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "Company" or "Great Atlant
--->ic") is pleased to announce it has received approval from the TSX Venture Exchange (the "TSXV") to extend the term of 
--->an aggregate of 1,140,000 outstanding common share purchase warrants (the "Warrants") that were issued pursuant to a n
--->on-brokered private placement (the "Private Placement") which closed a tranche 1 on July 31, 2018 and a final tranche 
--->on August 14, 2018 pursuant to which 1,140,000 Units were sold at $0.50 per Unit for gross proceeds of $570,000. The p
--->urchase warrants entitled the holder to purchase one common share of the Company at a price of $0.75 per common share.
---> 400,000 share purchase warrants were scheduled to expire on July 31, 2020 and 740,000 were scheduled to expire on Aug
--->ust 14, 2020. Insiders purchased 200,000 Units and they own 200,000 Warrants representing 17.55% of these outstanding 
--->Warrants issued pursuant to this private placement.  The Company received approval from the TSXV to extend the expiry 
--->date of the Warrants by an additional 24 months, such that 400,000 share purchase warrants are now scheduled to expire
---> on July 31, 2022 and 740,000 are scheduled to expire on August 14, 2022.
The exercise price of all Warrants will remain unchanged, at the current exercise price of $0.75 per Common Share. No 
--->Warrants under the Private Placement have been exercised to date. 

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up" 

President CEO Director 
604-488-3900 - Dir
Investor Relations:
Please call 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 utili
--->zing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent i
--->n 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 no
--->t guarantees of future performance and actual results or developments may differ materially from those in forward-look
--->ing 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 b
--->usiness conditions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Great Atlantic Resource Corp 
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4