Mr. Christopher Anderson reports

GREAT ATLANTIC ACQUIRES EXTENSIVE LAND PACKAGE SOUTHWEST NEW BRUNSWICK TIN - TUNGSTEN PROJECT TIN, TUNGSTEN, COPPER, LEAD, ZINC, INDIUM, SILVER AND LITHIUM MINERALIZATION

Great Atlantic Resources Corp. has acquired a 100-per-cent interest in eight mineral claims (through a purchase agreement) in southwestern New Brunswick comprising its new southwestern New Brunswick tin-tungsten project.

The eight mineral claims comprising the company's southwestern New Brunswick tin-tungsten project, from west to east, include Foster Lake (claim No. 4797), Flume Ridge (claim No. 5427), Pleasant Ridge North (claim No. 9034), Pleasant Ridge (claim No. 4697), Kedron (claim No. 7509), Pughole (claim No. 4635), Canal (claim No. 5532) and Yahoo (claim No. 5159). The claims cover a combined area of approximately 4,100 hectares.

The Pughole claim borders the Mount Pleasant mine property of Adex Mining Inc. (site of the past-producing Mount Pleasant tungsten mine) while multiple claims border the Clarence Stream project of Galway Metals Inc. (gold and antimony resources are reported by Galway at the Clarence Stream project).

Great Atlantic's management has compiled historical exploration information for each mineral claim of the southwestern New Brunswick tin-tungsten project from mineral occurrence and report of work files at the New Brunswick Department of Natural Resources and Energy Development. Reported highlights include the following.

Pughole:

• Hosts the True Hill tin-tungsten-molybdenum-bismuth mineral occurrence and the Pughole Brook West tin-copper mineral occurrence;
• A 1983 drill hole was reported to intersect 0.45 per cent tin over 3.3-metre core length at True Hill;
• A 1990 rock sample from float was reported to return 20.3 per cent tin;
• Numerous drill holes are reported to have been completed during 2006 to 2008, reported to intersect plus or minus tin, indium, copper, lead, zinc and silver mineralization, including (core length):
  • WP-07-04: 9.03 per cent zinc and 225 parts per million indium over 5.6 metres;
  • WP-07-06: 11.9 per cent zinc, 16.9 per cent lead, 0.61 per cent tin and 58 ppm silver over 0.35 metre;
  • WP-07-06: 3.23 per cent zinc, 1.01 per cent lead and 119 ppm indium over 11.05 metres;
  • WP-07-12: 14.14 per cent zinc and 121 ppm indium over 0.51 metre;
  • WP-07-15: 6.36 per cent zinc, 1.1 per cent lead, 1.06 per cent copper and 196 ppm indium over 0.61 metre;
  • WP-08-23: 18.60 per cent zinc, 0.51 per cent copper, 0.32 per cent tin and 785 ppm indium over 1.20 metres;
  • WP-08-24: 5.64 per cent zinc, 9.76 per cent lead, 0.94 per cent tin, 192 ppm indium and greater than 100 ppm silver over 0.83 metre;
  • WP-08-26: 4.33 per cent zinc and 147 ppm indium over 4.23 metres.

Pleasant Ridge North:

• Rock samples reported to have been collected during 2019 were reported to return 0.848 per cent tin, 0.849 per cent tin, 1.83 per cent lead, 184 ppm silver, 32 ppm indium, 2,990 ppm lithium, 2,340 ppm lithium and 3,840 ppm lithium. Great Atlantic management are interpreting these to be samples from glacial float.

Kedron:

• Hosts the Kedron granite tin-tungsten-molybdenum-lead mineral occurrence;
• A sample reported to have been collected during 1990 from trench bedrock was reported to return 1.24 per cent tin, 7 per cent tungsten, 0.93 per cent copper, 0.33 per cent molybdenum and 88 ppm silver;
• Drill holes reported during 2007 and 2008 were reported to intersect tin, indium, silver, lead, zinc, copper and lithium mineralization including (core length):
  • KD-07-01: 2.54 per cent tin and 0.89 per cent copper over 0.15 metre;
  • KD-07-03: 0.46 per cent tin, 5.55 per cent zinc, 22.9 per cent lead, greater than 100 ppm silver and 22 ppm indium over 0.22 metre;
  • KD-07-07: 0.74 per cent tin and 1,600 ppm lithium over 0.5 metre;
  • KD-08-01: 1.02 per cent tin over 0.50 metre;
  • KD-08-01: 2.87 per cent zinc, 0.97 per cent lead, 33 ppm silver and 26 ppm indium over 0.43 metre.

Pleasant Ridge:

• The Pleasant Ridge tin-zinc-lead-copper-indium mineral occurrence is reported near the west boundary of the Pleasant Ridge mineral claim.
• A 1990 sample from a float boulder was reported to return 1.84 per cent tin.
• A 2008 drill hole (PRS-08-01) was reported to intersect 1.66 per cent zinc, 0.7 per cent copper, 0.65 per cent lead and 26 ppm indium over 0.60 metre (core length).

Foster Lake:

• Hosts the reported Foster Lake tungsten mineral occurrence;
• A 2007 drill hole was reported to intersect 0.36 per cent tungsten (0.45 per cent WO3) over 1.67 metres (core length);
• A 2014 sample from a float boulder was reported to returned 0.76 per cent tungsten (0.95 per cent WO3).

Flume Ridge:

• Hosts the Flume Ridge tungsten mineral occurrence;
• Two 2009 drill holes were reported to intersect 0.608 per cent tungsten (0.76 per cent WO3) over 0.57 metre (core length) and 0.557 per cent tungsten (0.70 per cent WO3) over 0.65-metre core length;
• Three prospecting rock samples (probable glacial float) collected in 2020 were reported to return tungsten values of 1.30 per cent W (1.63 per cent WO3), 1.66 per cent W (2.09 per cent WO3) and 1.08 per cent W (1.36 per cent WO3).

Yahoo:

• Hosts the Yahoo tin mineral occurrence;
• An outcrop sample reported to have been collected in 2012 was reported to return 1.6 per cent tin.

Readers are warned that Great Atlantic has not verified mineralization stated in this news release at the southwestern New Brunswick tin-tungsten project mineral claims. The company is currently planning initial exploration programs for the property for 2025.

Readers are warned that mineralization at the Mount Pleasant mine property of Adex Mining and at the Clarence Stream project of Galway Metals is not necessarily indicative of mineralization at Great Atlantic's southwestern New Brunswick tin-tungsten project.

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 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.