Mr. Christopher Anderson reports

GREAT ATLANTIC PROVIDES UPDATE ON GOLDEN PROMISE BULK SAMPLE PROGRAM AND ADDRESSES OPERATIONAL DELAYS AT THE JACLYN MAIN ZONE, CENTRAL NEWFOUNDLAND

Great Atlantic Resources Corp. has provided the following operational update regarding the continuing bulk sample program at the Jaclyn Main zone located within the company's 100-per-cent-owned Golden Promise property in central Newfoundland.

The bulk sample program, conducted in partnership with Novamera Inc., utilizing its surgical mining technology, was originally scheduled to begin in early July with completion targeted for September. However, the program has experienced significant delays and unexpected equipment challenges, particularly related to parts availability and repeated issues with the directional drilling head, as to be expected with a new and innovative technology.

These challenges in bringing a new, innovative technology into practical, real-world application have caused delays, and Novamera has made it clear that these issues have contributed to cost overruns and extraordinary expenses that have exceeded their initial budget.

Current drilling progress

The drill is turning and progressing at a rate of approximately two metres per day.

With overburden removal completed and casing installed, drilling has advanced to approximately 29 metres to date. The hole is entering a geological zone defined by Great Atlantic's 2024 historic drilling (GP24-157, 158, 160, 161, 162, 163 and 164), where drill core assays within this target area included 12.9 to 60.2 grams per tonne gold in eight vein intercepts (core length samples ranging from 0.44 metre to 1.67 metre) (see news releases on Great Atlantic website for gold-bearing drill intercepts).

Program status and potential early completion

Novamera is currently in discussions with Great Atlantic, and the group is evaluating whether the remaining target areas can still be reached without the directional head being operational should issues continue unresolved. As well, discussions with Novamera continue regarding additional costs overruns and any additional financing that mat be required to complete the entire program.

Novamera has confirmed it will make best efforts to complete the remaining portion of the first of three large-diameter bulk sample holes. However, continuing issues with the directional head and significant cost overruns may affect continuation. All parties are working to resolving these issues.

Preliminary estimates from Novamera to Great Atlantic indicate a possible additional $1-million in financing above the programs original budget may be needed to complete the balance of the planned program.

Once Great Atlantic receives concrete and detailed updates from Novamera regarding the technical issues being resolved, as well as any additional steps that may need to be addressed, and a final summary from Novamera on the budget expenditures -- specifically outlining any remaining shortfalls required to complete the program -- the company will report back with the go-forward plan. This information will be shared as new updates become available.

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, approved 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.

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