Mr. Christopher Anderson reports

GREAT ATLANTIC ACQUIRES NASHWAAK LAKE TUNGSTEN PROPERTY, LOCATED THREE KILOmetreS NORTHWEST OF SISSON PROJECT WESTERN NEW BRUNSWICK

Great Atlantic Resources Corp. has acquired a 100-per-cent interest (through a purchase agreement) in the Nashwaak Lake tungsten property, located in western New Brunswick. The property is located approximately three kilometres northwest of the Sisson project (tungsten and molybdenum project) of Northcliff Resources Ltd.

Tungsten mineralization is reported at the Nashwaak Lake property including reported 0.443 per cent tungsten (0.558 per cent WO3) over 0.96 metre core length in a 2009 diamond drill hole and 2.03 per cent tungsten (2.55 per cent WO3) for a 2022 rock sample.

The Nashwaak Lake property consists of one mineral claim covering an area of approximately 222 hectares. Great Atlantic's management have compiled historical exploration information for the area of the property from reports of work on file with the New Brunswick Department of Natural Resources and Energy Development. These reports document soil and prospecting rock/drill core samples anomalous for tungsten within the area of the Nashwaak Lake property. Reported highlights include:

• Three 2009 rock samples (from glacial float) collected by Geodex Minerals Ltd. were reported to exceed 2,000 parts per million (ppm) tungsten with up to 2,140 ppm tungsten (0.214 per cent W or 0.27 per cent WO3) (Martin, 2010).
• Two 2009 diamond drill holes by Geodex Minerals were reported to intersect 3,064 ppm tungsten (0.306 per cent W or 0.38 per cent WO3) over 1.55 metres core length and 4,430 ppm tungsten (0.443 per cent W or 0.55 per cent WO3) over 0.96 metre core length (Martin, 2010). These near-surface intercepts are reported to be within altered granite.
• A 2016 soil sample collected by Dave Stevens was reported to return a highly anomalous value of 214 ppm tungsten (Steven, 2016).
• A 2017 rock sample collected by Dave Stevens was reported to return 8,030 ppm tungsten (0.803 per cent W or 1.01 per cent WO3) (Stevens, 2018). The report of work indicates this sample to have been collected from glacial float.

Great Atlantic recently obtained sample data for rock samples collected by the late Dave Stevens during 2022. A rock sample reported to have been collected from the area of the Nashwaak Lake property returned 20,300 ppm tungsten (2.03 per cent W or 2.55 per cent WO3). Great Atlantic's management are assuming this sample was collected from glacial float.

The Sisson project of Northcliff Resources Ltd. is located approximately three kilometres southeast of the Nashwaak Lake property. The Sisson project hosts the Sisson tungsten-molybdenum deposit. Northcliff reported mineral reserves at the Sisson deposit of 334.4 million tonnes of proven and probable reserves at 0.066 per cent WO3 and 0.021 per cent Mo and an NSR (net smelter return) of $24.15/tonne (January, 2013, at $8.83/tonne NSR cut-off). Readers are warned that mineralization at the Sison project is not necessarily indicative of mineralization at the Nashwaak Lake property.

Readers are warned that Great Atlantic has not verified tungsten soil anomalies or tungsten-bearing rock samples at the Nashwaak Lake property as stated in this report.

David Martin, PGeo, (New Brunswick and Newfoundland and Labrador), a qualified person as defined by NI 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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