Mr. Christopher Anderson reports

GREAT ATLANTIC DISCOVERS NEW ZONE OF SULFIDE BEARING QUARTZ VEINS AT ITS GOLD, COPPER, NICKEL, COBALT, ZINC MASCARENE PROPERTY, SOUTHERN NEW BRUNSWICK

Great Atlantic Resources Corp. has completed its 2023 program of prospecting and rock geochemical sampling at its Mascarene property, located in southwest New Brunswick. The highlight of the program was the discovery of sulphide-bearing quartz veins in one area in the north-central region of the property. Rock samples have been collected and submitted for gold and multielement analysis, of which the analytical results are pending.

The 2023 prospecting and rock geochemical sampling program was conducted in the west and north-central regions of the Mascarene property. The work in the north-central region was conducted southeast of the reported location of the Mascarene gold mineral occurrence (New Brunswick Department of Natural Resources and Energy Development Mineral Occurrence Database -- reference No. 1323). Great Atlantic has not confirmed this mineral occurrence. During the 2023 work, Great Atlantic located sulphide-bearing quartz veins in outcrops at three locations within an area of approximately 200 metres by 50 metres. The quartz veins vary from approximately 0.2 metre to 1.3 metres wide and contain pyrite and/or chalcopyrite. Seven outcrop grab samples were collected from these quartz veins. Two other samples were collected in this area from quartz vein subcrop and from a glacially transported float with quartz veins. These nine samples have been submitted to ALS Canada Ltd. for gold and multielement analysis.

The work in the west region of the property was conducted south-southwest of historic workings interpreted by Great Atlantic management to be associated with the reported Simpson Prospects mineral occurrence (New Brunswick Department of Natural Resources and Energy Development Mineral Occurrence Database -- reference No. 604). Six rock samples were collected in this region, six being grab samples from outcrop and one sample collected from glacially transported float. These include quartz vein samples with plus or minus pyrite and mafic volcanic samples with plus or minus pyrite and pyrrhotite, one of which is cut by a shear/fault zone. These six rock samples have been submitted to ALS Canada for gold and multielement analysis. Great Atlantic previously confirmed high-grade zinc mineralization in rubble at the Simpson prospects workings, with two 2018 rubble samples yielding 12.6 per cent zinc and 12.3 per cent zinc (see company news release of Oct. 17, 2018).

A broad northeast-trending zone of magnetic-high anomalies (identified during a 2001 government airborne magnetic survey) transects the entire Mascarene property. Great Atlantic's management speculate this magnetic-high trend to be associated with a buried mafic intrusion(s) and a possible target for mafic intrusive-hosted copper-nickel-cobalt deposits. The 2023 prospecting and rock sampling in the north-central region of the property were conducted adjacent to and west of this magnetic-high trend. Great Atlantic had previously confirmed gold and copper mineralization on the west side of this magnetic-high trend. A company diamond drill hole completed during 2022 intersected 6.74 per cent copper and 0.62 gram per tonne gold over 0.40-metre core length at the Wheal Louisiana occurrence (see company news release of Aug. 9, 2022). Rubble samples collected by Great Atlantic during 2018 at the Oliver Cameron workings yielded up to 5.02 per cent copper and up to 2.0 grams per tonne gold (see company news release of Oct. 17, 2018).

The 2023 prospecting and rock geochemical sampling program at the Mascarene property was supervised by a qualified person.

The Mascarene property covers an area of approximately 2,080 hectares. The property is located approximately six kilometres southwest of the town of Saint George. Access is excellent with paved provincial roads transecting the property and within close proximity of the property.

The Mascarene property covers an area of approximately 2,080 hectares. The property is located approximately six kilometres southwest of the town of Saint George. Access is excellent with paved provincial roads transecting the property and within close proximity of the property.

David Martin, PGeo (New Brunswick and Newfoundland and Labrador), a qualified person as defined by National Instrument 43-101 and vice-president, exploration, for Great Atlantic, is responsible for the technical information contained in this news release.

About Great Atlantic Resources Corp.

Great Atlantic Resources 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 No. 1 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 -- gold, copper, zinc, nickel, cobalt, antimony and tungsten.

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