Mr. Christopher Anderson reports

GREAT ATLANTIC RESOURCES ANNOUNCES $620,000 FINANCING

Great Atlantic Resources Corp. has arranged a non-brokered private placement of up to five million flow-through units at a price of 8.5 cents per share for gross proceeds of $425,000. Each flow-through unit consists of one common share that qualifies as a flow-through share as defined in Subsection 66(15) of the Income Tax Act (Canada) and one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non-flow-through common share at the price of 12 cents for 24 months after closing.

The company also announces that it has arranged a non-brokered hard-dollar private placement of three million units at a price of 6.5 cents per unit for gross proceeds of $195,000. The units of the financing will comprise one common share and one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at the price of 10 cents for 24 months after closing.

The net proceeds from the offering will be used for exploration expenses on the company's mineral properties in Atlantic Canada and general working capital.

Finders' fees may be paid to eligible finders in accordance with the TSX Venture Exchange policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders' fees are both subject to approval by the TSX-V.

Directors, officers or other insiders of the company may participate in the foregoing offerings, and such parties may buy and sell securities of the company owned or controlled by them personally through the facilities of the TSX-V to finance participation in such offerings.

The flow-through shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)). An amount equal to the gross proceeds from the issuance of the flow-through shares will be used to incur eligible resource exploration expenses which will qualify as: (i) Canadian exploration expenses (as defined in the tax act); and (ii) flow-through critical mineral mining expenditures (as defined in Subsection 127(9) of the tax act).

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.