Mr. Christopher Anderson reports

GREAT ATLANTIC COMPLETES GEOPHYSICAL SURVEYS AT ITS 100% OWNED KEYMET PRECIOUS METAL - BASE METAL PROPERTY

Great Atlantic Resources Corp. has completed geophysical surveys at its Keymet precious metal-base metal property, located in northeast New Brunswick.

The geophysical surveys consisted of ground magnetometer and very-low-frequency (VLF) surveys in the west-central to central regions of the property, including an area of gold soil geochemical anomalies.

The ground magnetometer and VLF geophysical surveys were completed during the second half of March. The surveys covered an area of approximately two by 0.6 kilometre with the western part of the survey area covering a zone of gold soil geochemical anomalies identified by the company during 2021 to 2022 programs (see company news release of March 23, 2023). The 2021 to 2022 soil geochemical sampling defined a zone of gold soil anomalies approximately 200 metres by 200 to 500 metres of which 39 of 44 samples from this zone returned anomalous values of 0.005 to 0.067 part per million (ppm) gold (five to 67 parts per billion (ppb)), establishing a priority target area for Great Atlantic. The objectives of the geophysical surveys were to assist in interpreting bedrock geology and to identify anomalies that could represent potential gold-bearing structures and trenching-diamond drilling targets. Great Atlantic is awaiting results from the surveys.

The combined 2021 to 2023 programs (prospecting and rock-soil geochemical sampling) have identified an approximately 1.5-kilometre-long northeast-southwest target trend with local gold soil anomalies and local highly anomalous gold in glacial float and bedrock adjacent to the Melanson Brook fault in the west-central region of the property (see company news release of March 22, 2024). The March, 2024, geophysics surveys overlapped the east part of this trend. Company management has found no reports of diamond drilling within this target area.

Gold deposits occur approximately 1.6 to 2.4 kilometres southwest of the southwest region of the Keymet property. These deposits are referred to as the West gabbro zone, South gold zone and Discovery zone. Great Atlantic has no interest in these deposits. Readers are warned that mineralization at the West gabbro zone, South gold zone and Discovery zone is not necessarily indicative of mineralization on the Keymet property.

The Keymet property covers an area of approximately 3,340 hectares and is 100 per cent owned by the company. The historic Keymet mine is located in the northwest region of the property. The mine operated during the mid-1950s, producing lead, zinc, copper and silver. Production at this mine was terminated in 1956 due to a fire at the site.

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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