Great Atlantic Announces $1.45 Million Private Placement BY Mr. Eric Sprott

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED STATES.

GREAT ATLANTIC ANNOUNCES $1.45 MILLION PRIVATE PLACEMENT BY MR.

ERIC SPROTT

Thunder Bay, Ontario – July 15, 2021 – GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)

(the "Company" or "Great Atlantic") , is pleased to announce a non-brokered private placement

offering (the “ Private Placement ”) for aggr egate gross proceeds of $1,450,000 in units of the

Company (the “Units”) at a price of $0.50 per Unit. Mr. Eric Sprott, through 2176423 Ontario Ltd., a

corporation which is beneficially owned by him, has indicated his intention to subscribe for the

entirety of the Private Placement.

Each Unit shall be comprised of one common share of the Company (a "Common Share") and one

common share purchase warrant of the Company (a " Warrant"). Each Warrant shall entitle the

holder thereof to purchase one Common (a "Warrant Share") at an exercise price equal to $0.75 at

any time up to 36 months from closing of the Private Placement.

The Company intends to use the gross proceeds from the sale of Units for drilling and exploration

on the Golden Promise Gold Properties, located in the central Newfoundland gold belt and general

working capital.

The Common Shares and the Warrant Shares to be issued under the Offering have a hold period of

four months and one day closing of the Offering.

In connection with the Private Placement, the Company will pay a finder’s fee in cash and finder’s

warrants in accordance with the policies of the TSX Venture Exchange.

The issuance of the Units and payment of the finder’s fee is subject to certain conditions including,

but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture

Exchange.

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

Investor Relations:

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

Office Line 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.

Forward-looking statements: 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. A lthough 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