FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH01 Great Atlantic Resources Closes First Tranche of Financing ________________________________________________________ ______ FOCUSED ON EXPLORING ATLANTIC CANADA

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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR

FRA: PH01

Great Atlantic Resources Closes First Tranche of Financing

________________________________________________________ ______

FOCUSED ON EXPLORING ATLANTIC CANADA

VANCOUVER, British Columbia -May 29, 2020 - GREAT ATLANTIC RESOURCES

CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has closed

the first tranche of its non -brokered private placement previously announced on May 25, 2020.

The placement consisted of 476,191 flow through shares at a price of $0.42 per share for gross

proceeds of $200,000. Each Flow-Through share consists of one common share that qualifies as

a “flow-through share” as defined in subsection 66(15) of the Income Tax Act.

The net proceeds from the offering will be used for exploration expenses on the Company’s

mineral properties in Atlantic Canada. The Company p aid a cash commission of $16,000. and

issued 38,095 finders warrants to Qwest Investment Fund Management Ltd. The finder warrants

are valid for 2 years from closing with an exercise price of $0.42.

All securities issued in connection with the Offering wil l be subject to a hold period expiring

September 27, 2020

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

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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.

This press release include s 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 t hat 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 developme nts 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 and exploration successes, continued availability of financing, a nd 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