Mr. Christopher Anderson reports

GREAT ATLANTIC OPTIONS 100% INTEREST OF MOUNT RAYMOND PROPERTY TO SLAM EXPLORATION LTD

Great Atlantic Resources Corp. has optioned the Mount Raymond cobalt-copper-nickel-vanadium property to Slam Exploration Ltd.

Great Atlantic has entered into an arm's-length option with Slam Exploration, granting Slam the option to earn a 100-per-cent interest in the Mount Raymond South mineral claim, located in New Brunswick.

To exercise the option, Slam must, over a three-year period, make aggregate cash payments of $82,500, issue a total of 675,000 common shares to Great Atlantic and incur a minimum of $200,000 in qualifying exploration expenditures on the property.

The payment schedule consists of staged cash payments and share issuances upon TSX Venture Exchange approval, and on each of the first, second and third anniversaries of the agreement, with the $200,000 exploration expenditure requirement to be completed over the term of the agreement.

Upon Slam earning a 100-per-cent interest in the property, Great Atlantic will retain a 2-per-cent net smelter return (NSR) royalty. Slam will have the right to purchase one-half (a 1-per-cent royalty) of the NSR royalty for $1-million at any time, prior to commercial production.

About the Mount Raymond property

The Mount Raymond cobalt-copper-nickel-vanadium property is located within northern New Brunswick. It was acquired during 2018 through mineral claim staking by Great Atlantic Resources. The property covers an area of approximately 175 hectares. The property covers a cobalt-copper-nickel mineral occurrence (New Brunswick Department of Natural Resources and Energy Development, mineral occurrence database, reference No. 1529). Drill core samples anomalous for vanadium are also reported (Gracia, 2012).

A 2011 diamond drill hole reported within the area of the Mount Raymond property was reported to intersect 1.65 metres of semi-massive to massive sulphides (pyrrhotite) with chalcopyrite veinlets within gabbro (Gracia, 2012). This mineralized interval was reported to return 0.43 per cent copper, 0.12 per cent nickel and 0.11 per cent cobalt over 1.65 metres (core length). Another one-metre core length sample from this hole was reported to return 0.18 per cent cobalt while a one-metre core length sample from this hole was reported to return 0.12 per cent vanadium (Gracia, 2012). These mineralized intervals are reported near surface (within a vertical depth of 120 metres). A qualified person has not verified this mineralization for Great Atlantic Resources.

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