Mr. Christopher Anderson reports

GREAT ATLANTIC APPLIES FOR 2700 TONNE BULK SAMPLE PERMIT TARGETING A HIGH GRADE AREA WITHIN ITS 119,900 OZ RESOURCE AVERAGING 10.4 G/T GOLD AT JACLYN MAIN ZONE, 100% OWNED GOLDEN PROMISE GOLD PROPERTY - CENTRAL NEWFOUNDLAND

Great Atlantic Resources Corp.'s wholly owned subsidiary, Golden Promise Mines Inc., has submitted a bulk sampling application to the Newfoundland and Labrador Department of Industry, Energy and Technology for its Golden Promise gold property, located in central Newfoundland.

The application is for extraction of a bulk sample at the gold-bearing Jaclyn Main zone (JMZ).

"With the recent $2.6-billion Equinox-Calibre deal highlighting the strategic value of Newfoundland's gold assets, we are encouraged to be advancing our 22,000-hectare land package in Great Atlantic's wholly owned sub, Golden Promise Mines Inc., which is as close as one kilometre from Calibre's Valentine gold mine, 24,000-hectare land package ,putting us right next door to one of the region's largest and most active gold operations. As we move forward with the world's first innovative precision mining initiative being funded by Digital Cluster Canada in conjunction with Novamera at the Jaclyn Main zone, we believe Great Atlantic is well positioned to benefit from the increasing attention and consolidation activity in this high-grade gold district," stated Christopher Anderson, chief executive officer and president.

Pending bulk sampling approval, extraction of the planned approximately 2,700-tonne bulk sample at the JMZ is planned during the summer of 2025 by Golden Promise with partner Novamera Inc. using a precision mining method, powered by Novamera's full suite of Surgical Mining technologies. The transformative new mining method leverages hardware, software, artificial intelligence and machine learning paired with conventional drilling equipment to extract ore at a fraction of the cost of conventional mining methods. Three large-diameter drill holes are planned to extract the bulk sample.

The planned bulk sampling work at the JMZ will be financed in part by a co-investment from Digital, Canada's global innovation cluster, for digital technologies, as part of a larger project that aims to support data-driven and digital solutions within the mining sector.

Extraction of the bulk sample is planned in the west region of the JMZ. Golden Promise completed eight drill holes during September to October of 2024 in the area of the planned bulk sample. All eight holes were drilled on the same northwestern-southeastern trend to intersect the steeply dipping, east- to slightly northeast-trending JMZ. The eight holes were designed to target the JMZ between surface and approximately 100-metre vertical depth. Seven of the holes intersected quartz veins with visible gold. Half core samples from these veins included (core length) (see company news releases of Nov. 19, 2024, Dec. 4, 2024, Jan. 8, 2025, Jan. 14, 2025, and Jan. 20, 2025):

• GP-24-157: 34.47 to 35.00 metres (0.53 metre): 34.879 grams per tonne gold;
• GP-24-158: 45.35 to 45.99 metres (0.64 metre): 12.968 g/t gold;
• GP-24-160: 78.95 to 79.52 metres (0.57 metre): 19.121 g/t gold;
• GP-24-161: 82.56 to 83.00 metres (0.44 metre): 120.890 g/t gold;
• GP-24-161: 91.80 to 93.47 metres (1.67 metres): 13.16 g/t gold;
• GP-24-162: 109.25 to 109.69 metres (0.44 metre): 60.206 g/t gold;
• GP-24-163: 37.00 to 37.80 metres (0.80 metre): 28.023 g/t gold;
• GP-24-164: 54.53 to 55.35 metres (0.82 metre): 42.708 g/t gold;
• GP-24-164: 64.13 to 64.65 metres (0.52 metre): 39.180 g/t gold.

The 2024 drilling was conducted with partner Novamera. Two additional close-spaced drill holes (ninth and 10th 2024 drill holes) were completed during December of 2024 in this area of the JMZ. The ninth and 10th drill holes included the use of Novamera's proprietary guidance tool, providing increased data and resource knowledge to define the shape, geometry and continuity of the vein. These two steep holes were drilled approximately downdip of the JMZ and are located in the area of the planned 2025 bulk sample. The guidance tool collects data within a three- or four-metre radius of the borehole to create a high-resolution 3-D orebody model, which is then used to calculate the optimal drill trajectory for Surgical Mining. A third downdip hole is planned at this site later this month.

Great Atlantic reported a National Instrument 43-101-compliant inferred resource estimate during late 2018 for the JMZ of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold -- uncapped) (see company news release of Dec. 6, 2018; and SEDAR+-filed National Instrument 43-101 technical report on the Golden Promise property, central Newfoundland (revised), dated Dec. 4, 2018, by Greg Z. Mosher, MSc app, PGeo, and Larry Pilgrim, BSc, PGeo).

The Golden Promise property is the largest and most advanced of six central Newfoundland gold properties owned by Golden Promise and located within the Exploits subzone of the Newfoundland Dunnage zone. One of these properties (Golden Trust) is located within one kilometre of the Valentine gold mine of Calibre Mining, which is also located within the Exploits subzone. Readers are warned that mineralization at the Valentine gold mine is not necessarily indicative of mineralization at the Golden Promise property or any of the other central Newfoundland gold properties of Golden Promise.

David Martin, PGeo (New Brunswick and Newfoundland and Labrador), a qualified person as defined by National Instrument 43-101, 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.