FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR FRA: PH02 Great Atlantic Prospecting and Rock Sampling Program Underway 100% OWNED GOLDEN PROMISE GOLD PROPERTY CENTRAL NEWFOUNDLAND

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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR

FRA: PH02

Great Atlantic Prospecting and Rock Sampling Program Underway

100% OWNED GOLDEN PROMISE GOLD PROPERTY

CENTRAL NEWFOUNDLAND

VANCOUVER, British Columbia – June 07, 20 22 - GREAT ATLANTIC RESOURCES

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

begun the 2022 prospecting and rock geochemical sampling program at its Golden Promise Gold

Property, located in the central Newfoundland gold belt . Work is underway in the central and

southern regions of the property to identify trenching and drilling targets.

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The 2022 prospecting and rock geochemical sampling program will focus on target areas

previously identified by Great Atlantic with gold soil geochemical anomalies an d gold bearing

boulders and bedrock and in new target areas based on favourable reported bedrock geology and

previously reported airborne geophysics.

The Golden Promise Property host s gold bearing quartz veins in various regions of the property

including the Jaclyn Zone, Shawn’s Shot vein, Otter Brook showing, Linda / Snow White quartz

vein system and the Gabbro occurrence. Great Atlantic confirmed high -grade gold at the Jaclyn

Main Zone during 2019 and 2021 drilling, including core length intercepts of 238 grams / tonne

(g/t) over 0.40 meters , 113.07 g/t gold over 0.55 meters , 56.8 g/t gold over 0.75 meters and

61.35 g/t gold over 2.04 meters. The Company confirmed gold mineralization at the Otter

Brook showing during 2020 including an outcrop grab sample returning 5.75 g/t gold and

intersected gold during its 2021 maiden drilling program at this showing including 4.95 g/t

gold over 0.50 meters. Great Atlantic confirmed high grade quartz vein float at the Jaclyn North

Zone during 2017 and 2020 prospecting and rock sampling (including samples returning 157.5,

163.9, 208.5 and 332.6 g/t gold) and intersected high -grade gold at this zone during 2021

drilling (30.6 g/t gold over 0.41 meters core length).

Great Atlantic reported a National Instrument 43 -101 compliant inferred resource estimate

during late 2018 for the J aclyn Main Zone of 357,500 tonnes at 10.4 g/t gold (119,900 ounces

of gold - uncapped).

Please see the Company’s website for news releases reporting previous work on the Golden

Promise Property. Previous 2017 -2022 programs at Golden Promise were supervised by a

Qualified Person.

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The Golden Promise Property is located within a region of recent significant gold discoveries.

The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within

the Exploits Subzone, the property lies along the north -northwestern fringe of the Victoria Lake

Supergroup (VLSG), a volcano -sedimentary terrane. The northwestern margin of the Golden

Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale)

collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary

of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone

include those of Marathon Gold Corp. (TSX.MOZ) at the V alentine Gold Project, Sokoman

Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp.

(TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine

Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of

mineralization on the Golden Promise Property.

David Martin, P.Geo. (New Brunswick and Newfoundland and Labrador) , a Qualified Person as

defined by NI 43 -101 and VP Exploration for Great Atlantic, is responsible for the technical

information contained in this News Release.

On Behalf of the board of directors

“Christopher R Anderson”

Mr. Christopher R. Anderson

President CEO Director

604-488-3900 – Office

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

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 Atla ntic 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.

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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 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