GR.V · 2018-10-23 12:00:00

Great Atlantic Announces Closing of Private Placement _________ _ FOCUSED ON EXPLORING ATLANTIC CANADA

Financings

TSX.v : GR

FRA : PH01

Great Atlantic Announces Closing of Private Placement

___________________________________ ___________________________

FOCUSED ON EXPLORING ATLANTIC CANADA

VANCOUVER, British Columbia – October 23 , 201 8 – GREAT ATLANTIC

RESOURCES CORP. (TSX .v: GR) (the “Company” or “Great Atlantic”) is pleased to

announce that is has closed the non-brokered private placement previously announced on October 3, 2018

for gross proceeds of $386,400. The units of the financing are comprised of one common share at a price

of $0.07 and a full share purchase warrant, which may be e xercised for a period of two years at a price of

10 cents per share. The hold expiry date for this financing is February 20, 2019. The Company paid a cash

commission of $7,000.00 and 100,000 broker warrants to Leede Jones Gable Inc. The broker warrants

have the same terms as the private placement warrants. The proceeds of the private placement will be

used for general working capital and exploration work on the Company’s properties.

The Company also announces it has granted 1 million options at an exercise price of $0.07 cents. The

options are exercisable for five years and will be cancelled 30 days after cessation of acting as director,

officer, employee or consultant of the Company. The options are subject to regulatory approval.

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

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 resour ce-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.

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 develo pments 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 a vailability 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