Mr. Christopher Anderson reports

GREAT ATLANTIC ROCK SAMPLES YIELD ANONYMOUS LITHIUM VALUES, GLENELG VANADIUM - GOLD -ANTIMONY + LITHIUM PROPERTY SOUTHWEST NEW BRUNSWICK

Great Atlantic Resources Corp. has received additional analytical results for rock samples collected during 2023 at its Glenelg vanadium-gold-antimony property, located in southwestern New Brunswick. Rock samples collected in one area of the property returned anomalous lithium values of 820 parts per million (ppm) and 920 ppm (0.082 per cent lithium (Li) and 0.092 per cent Li). The Glenelg property is located immediately south of the Clarence Stream project of Galway Metals Inc.

The 2023 rock samples anomalous for lithium were collected within the northern region of the Glenelg property. An outcrop grab sample from a highly oxidized and locally faulted outcrop returned an anomalous value of 820 parts per million lithium. A grab sample from a granite boulder with quartz veins returned an anomalous value of 920 ppm lithium. The distance between these two rock sample locations is approximately 320 metres in a northwest-southeast direction. Great Atlantic is planning additional prospecting and rock geochemical sampling in this area during 2024.

The 2023 prospecting and rock geochemical sampling at the Glenelg property was supervised by a qualified person. The 2023 rock samples documented in this news release were analyzed by ALS Canada Ltd. for gold by fire assay with AA (atomic absorption) and for 34 elements (including lithium) by four-acid digestion and ICP-AES (inductively coupled plasma atomic emission spectroscopy) analysis. ALS Canada, a certified laboratory, is independent of Great Atlantic.

The company recently discovered gold and antimony mineralization within the southern region of the Glenelg property. A 2023 rock grab sample from an altered, pyrite-bearing outcrop in the southern region of the property returned 0.501 gram/tonne (g/t) gold (see company news release of Nov. 30, 2023). A 2022 rock grab sample from a quartz-carbonate-stibnite vein in the southern region of the property returned 23.4 per cent antimony (Sb) (see company news release of Aug. 16, 2022). The vein/fault is 0.6 metre wide where the 2022 1.83-kilogram grab sample was collected. This high-grade antimony sample was analyzed by ALS Canada by XRF (X-ray fluorescence) (following lithium borate fusion) after initial analysis of the sample by ICP-AES exceeded 10,000 ppm antimony (more than 1 per cent Sb) and 50,000 ppm antimony (more than 5 per cent Sb). Additional samples were collected during 2023 from this vein, which were recently submitted to ALS Canada for analysis, of which the analytical results are pending.

A 2018 grab sample collected by the company from a magnetic layer in the Bocabec gabbro complex returned 0.188 per cent vanadium (0.33 per cent V2O5 (vanadium oxide)), 10.3 per cent TiO2 (titanium oxide) and 25.71 per cent iron (Fe) (see company news release of May 6, 2019). This sample was collected by a qualified person within the southeast region of the Glenelg property. This sample was analyzed by ALS Canada by lithium borate fusion and XRF finish.

Part of the northern boundary of the Glenelg property borders the Clarence Stream project of Galway Metals Inc. Galway reported a National Instrument 43-101 resource estimate for the project during 2022, reporting total indicated resources of 12,396,000 tonnes at 2.31 g/t gold (contained 922,000 ounces of gold and 9,605 tonnes of antimony) and total inferred resources of 15,963,000 tonnes at 2.60 g/t gold (contained 1,334,000 ounces of gold and 2,145 tonnes of antimony). Readers are warned that mineralization at the Clarence Stream project is not necessarily indicative of mineralization within the Glenelg property.

David Martin, PGeo (New Brunswick, and Newfoundland and Labrador), a qualified person as defined by NI 43-101 and vice-president of 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.

We seek Safe Harbor.