FOCUSED ON EXPLORING ATLANTIC CANADA Great Atlantic Closes $2.2 Million Financing

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TSX.v: GR

FRA: PH01

________________________________________________________ ______

FOCUSED ON EXPLORING ATLANTIC CANADA

Great Atlantic Closes $2.2 Million Financing

VANCOUVER, British Columbia – September 25 , 2020 – GREAT ATLANTIC

RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to

announce that is has closed the first and final tranches of the non -brokered private placement

previously announced on September 1, 2020 for gross proceeds of $ 2,240,000. The units of the

financing are comprised of one common share at a price of $0.50 and a full share purchase

warrant, which may be exercised f or a period of 36 months at a price of $0.75 per share. The

hold expiry date for the first tranche of this financing totaling $1,198,000 is January 17, 2021

and the hold expiry date for the final tranche of this financing totaling $ 1,042,000 is January 22,

2021

Sitting in the middle of Canada’s hottest emerging gold belt is GR’s - Golden Promise Project

with a 43 -101 high grade resource of over 100,000 oz on the upper portion of one vein only.

With multiple other gold bearing veins and new targets ready to explore and drill we are very

much looking forward to initiating this year's drilling program as soon as possible, and join

the company of our neighbours on either side of us Marathon Gold - MOZ.v and New Found

Gold - NFG.v to further discover the Gold potential of this belt.

States Christopher R Anderson – CEO Great Atlantic Resources

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The Company paid a cash commission of $ 75,780 and issued 151,560 broker warrants for the

financing. The broker warrants have the same terms as the private placement warrants.

The proceeds of the private placement will be used for general working capital and exploration

work on the Company’s properties.

On Behalf of the board of directors

“Christopher R Anderson”

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"

President CEO Director

604-488-3900 – Dir

Investor Relations:

Please call 604-488-3900

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. 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, Antimony, Tungsten and Gold.

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

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

expects, are forward looking statements. Althoug h 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 forwar d-looking statements. Factors that could cause actual results to differ materially from those in forward -looking

statements include exploitation and exploration successes, 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 release.

Great Atlantic Resource Corp

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