Great Atlantic Acquires Drill Ready Cobalt Property Geochemical Samples up to 0.6% Cobalt North-Central New Brunswick ___________________________________________________________________ FOCUSED ON EXPLORING ATLANTIC CANADA

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Great Atlantic Acquires Drill Ready Cobalt Property

Geochemical Samples up to 0.6% Cobalt

North-Central New Brunswick

___________________________________________________________________

FOCUSED ON EXPLORING ATLANTIC CANADA

(TSXV : GR)

(FRA: PH01)

VANCOUVER, British Columbia – January , 201 8 – GREAT ATLANTIC RESOURCES CORP.

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

Kagoot Brook Cobalt Property in north -central New Brunswick by means of an option

agreement with a local prospector and add itional mineral claim staking . Great Atlantic can

acquire 100% interest in the property by means of cash and share payments. The property

covers reported historic cobalt geochemical anomalies, some reported as highly anomalous

(reported up to 6,000 ppm Co or 0.6% Co) . The property is located approximately 85 km

southwest of Bathurst along the southwest margin of the famous Bathurst Mining Camp.

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Under the Agreement, Great Atlantic may earn -in a 100% interest in the Property by making certain

staged cash payments and share payments of common shares in the capital of Great Atlantic to the

Optionor over a four year period as follows: (i) $15,000 in cash and 150,000 common shares within ten

(10) business days of the TSXV approval of the Transaction (the “ Approval Date”); (ii) $15,000 in cash

and 150,000 common shares on or before the first anniversary of the Approval Date; (iii) $30,000 in cash

on or before the second anniversary of the Approval Date; (iv) $30,000 in cash on or before the third

anniversary of the Approval Date; and (v) $50,000 on or before the fourth anniversary of the Approval

Date.

The Optionor will retain a 2.0% new smelter return royalty (the “NSR Royalty”) which Great Atlantic may

buy down one-half (50%) of the NSR Royalty by paying $500,000, leaving the Optionor with a 1.0% NSR

Royalty.

Great Atlantic has also staked an additio nal 3399 hectares bring the total hectares of the Kagoot Brook

Cobalt Property to 4232 hectares.

EM Conductivity (1996 airborne survey) and IP Survey Lines (2012, 2014 & 2017)

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Historic cobalt geochemical anomalies are reported within the Kagoot Brook Cobalt Property.

Cobalt stream and spring sediment anomalies were reported by the New Brunswick Dept. of

Natural Resources in the early 1980s within the property with four samples from two streams

reported to return highly anomalous values of 1259, 1261, 1 297 and 1316 parts per million

(ppm) cobalt (reported analysis by Hot Nitric Acid Extraction – Atomic Absorption (A.A.) at N.B

government laboratory). Anomalous stream silt samples were later reported by Brunswick

Mining and Smelting in the mid -1980s in the same area including multiple samples reported to

exceed 1,000 ppm cobalt (including one sample reported to return 6,000 ppm cobalt or 0.6%

Co). Brunswick Mining and Smelting also reported anomalous copper, lead, zinc, silver and

nickel stream silt sample s and anomalous cobalt ( reported up to 880 ppm or 0.088% Co) and

copper soil samples within the Kagoot Brook Property. The soil and stream silt samples were

reported to be analyzed at the Noranda Exploration laboratory in Bathurst, New Brunswick (soil

samples by A.A.; stream silt analytical method not specified). The source of these geochemical

anomalies has not been identified.

Geophysics anomalies are reported within the Kagoot Brook Cobalt Property, representing

immediate drill targets. Geological Survey of Canada 1986 airborne magnetic and 1996 airborne

magnetic and electromagnetic (EM) surveys identified an area(s) of high conductivity and

coincident magnetic anomalies in the east -central region of the property in the general area of

geochemical anomali es, defining drill targets. More recent (2012 -2017) induced polarization

(IP) geophysics surveys by Vickers Geophysics Inc. in this region of the property identified

anomalies, further defining drill targets. These include chargeability anomalies and resis tivity

low anomalies. A possible cause of such IP geophysics anomalies is sulfide mineralization.

Resistivity Anomalies – IP Geophysics Surveys

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The Kagoot Brook copper occurrence, reported by the New Brunswick Department of Energy

and Resource Developmen t in the northwest region of the Kagoot Brook Property, represents

another exploration target on the property. At this occurrence, trace copper sulfide

mineralization (chalcopyrite) is reported to occur in altered tuffaceous volcanic rocks (source:

New Bru nswick Department of Energy and Resource Development Mineral Occurrence

Database).

The Kagoot Brook Property occurs within the Miramichi terrane which trends northeast -

southwest through New Brunswick. The Miramichi terrane hosts numerous volcanogenic

massive sulfide deposits in northeast New Brunswick in the famous Bathurst Camp. Many of

these deposits were mined. Volcanic rocks are reported locally in the Kagoot Brook Property.

The Kagoot Brook Property currently covers an area of approximately 4,232 hectares. Access to

the property is excellent with logging roads transecting the property.

Readers are warned that historical data referred to in this News Release have not verified by a

qualified person due to winter conditions on the property. Further work is required to verify

that historical data referred to in this News Release are accurate.

David Martin, P.Geo., a Qualified Person as defined by NI 43 -101, is responsible for the

technical information contained in this News Release. Mr. Martin is the VP Exploration for

Great Atlantic Resources Corp.

About Great Atlantic Resources Corp.: Great Atlantic Resources C orp. 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.

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:

Kaye Wynn Consulting Inc.: 604-558-2630, Toll Free –888-280-8128

E-mail: [email protected]

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 explora tion 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 di ffer

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 defin ed 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