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GR.V ·

“Consolidation”) which was approved by way of directors’ resolutions.

Corporate Updates

Great Atlantic Resource Corp

888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4

NEWS RELEASE

Share Consolidation

June 24, 2019 TSX.V Symbol: GR

FRA: PH01

Vancouver, British Columbia, Canada, June 24, 2019 – Great Atlantic Resources Corp. (the “Company”)

(TSXV: GR) wishes to proceed with a share consolidation of its 58,934,088 issued common shares without

par value into 5,893,409 common shares, on a basis of ten (10) old shares for one (1) new share (the

“Consolidation”) which was approved by way of directors’ resolutions.

The Company does not plan to change its corporate name in conjunction with the Consolidation and the

Consolidation remains subject to the approval of the TSX Venture Exchange.

For further information, please contact:

Christopher R. Anderson

Telephone: (604) 488-3900

On behalf of the board of Directors of

GREAT ATLANTIC RESOURCES CORP.

“Christopher R. Anderson”

Christopher R. Anderson

President, CEO and Director

Investor Relations:

Please call 604-488-3900

This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than

statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company

expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are

based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ

materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking

statements include exploitation a nd exploration su ccesses, continued availability of financing, and general economic, market or business

conditions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.