FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH02 Great Atlantic Closes Financing

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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR

FRA: PH02

Great Atlantic Closes Financing

VANCOUVER, British Columbia – August 16, 2024 - GREAT ATLANTIC RESOURCES

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

closed it’s non-brokered private placement, previously announced on July 3, 2024 and August 9,

2024 of 1,500,000 flow through units at a price of $0.05 per share for gross proceeds of $75,000.

Each Flow-Through unit consists of one common share that qualifies as a “flow-through share” as

defined in subsection 66(15) of the Income Tax Act and one share purchase warrant. Each whole

warrant will entitle the holder to purchase one additional non- flow common share at the price of

$0.08 for 60 months after closing.

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

mineral properties in Atlantic Canada. No finders’ fees were paid. All securities issued in

connection with the Offering will be subject to a hold period of December 10, 2024.The closing

of the private placement financing is subject to final TSX-V approval.

The flow through shares will qualify as flow -through shares (within the meaning of Subsection

66(15) of the Income Tax Act (Canada)). An amount equal to the gross proceeds from the issuance

of the flow through shares will be used to incur eligible resource exploration expenses which will

qualify as (i) Canadian exploration expenses (as defined in the Tax Act).

On Behalf of the board of directors

“Christopher R Anderson”

Mr. Christopher R. Anderson

President CEO Director

604-488-3900 – Office

Investor Relations: 1-416-628-1560 IR @ GreatAtlanticResources.com

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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 Gener ation 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.

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 a ctual 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 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