Great Atlantic Completed 2019 Work Program Mascarene Property Southwest New Brunswick ________________________________________________________ ______ Focused ON Exploring Atlantic Canada

1

TSX.v: GR

FRA: PH01

GREAT ATLANTIC COMPLETED 2019 WORK PROGRAM

MASCARENE PROPERTY

SOUTHWEST NEW BRUNSWICK

________________________________________________________ ______

FOCUSED ON EXPLORING ATLANTIC CANADA

VANCOUVER, British Columbia – December 20 , 2019 - GREAT ATLANTIC

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

announce it has completed the 2019 exploration program at its Mascarene Property, located in

southwest New Brunswick. The program consisted of prospecting and soil / rock geochemical

sampling. The Mascarene Property is reported to contain multiple mineral occurrences with cobalt,

copper, nickel, zinc, lead, gold and / or silver , some with historic workings . Initial 2019 rock

samples from the west region of the property returned anomalous values including 0.16%

zinc, 0.15% copper and 394 ppm vanadium (0.07% V2O5). Soil samples returned anomalous

zinc values (up to 587 ppm Zn). More recent rock samples will be submitted for analysis.

Previous 2018 Great Atlantic

rock samples from Mascarene

include (News Release of

October 17, 2018):

• 12.6% & 12.35% zinc,

4.34% lead & 41 g/t silver

(rubble samples at historic

Simpson workings).

• 5.02% copper & 2.0 g/t gold

(rubble samples at historic

Oliver – Oliver Cameron

workings).

2

Historic pits / shafts are reported in multiple regions of the property dating back to the 1800s (New

Brunswick. Dept. of Natural Resources and Energy Development Mineral Assessment Reports

and Mineral Occurrence Database files). Sulfide bearing veins are reported at some of these sites.

Great Atlantic located historic shallow pits and shafts in the east and west regions of the Mascarene

Property during 2018.

A portion of the 2019 program was focused in the area of the historic Simpson Mine workings in

the west region of the property, following up on results from the 2018 program. Sample highlights

from the 2018 program in this area included 12.6 and 12.35% zinc, 4.34% lead and 41 g/t silver

for rock samples and up to 855 ppm zinc for soil samples (New s Release of October 17, 2018).

Samples collected in this area during 2019 also returned anomalous values including 0.15%

copper, 0.16% zinc and 0.08% lead for rock samples (float and rubble) and up to 587 ppm zinc

and 161 ppm lead for soil samples. Of note, a rock grab sample from a mafic intrusive outcrop in

this area returned 394 ppm vanadium ( 0.07% V2O5). These initial 2019 rock and soil samples

were analyzed by ALS Canada Ltd. for gold by Fire Assay - Atomic Absorption (AA) and for 33

elements by four acid Inductively Coupled Plasma - Atomic Emission Spectroscopy (ICP-AES).

Historic shallow pit at Mascarene Property (historic Simpson Mine workings)

More recent 2019 program work focused on the northeast and east regions of the property with

additional rock samples collected. These samples will also be submitted to ALS Canada Ltd. for

gold and multi -element analysis. ALS Canada Ltd. is independent of Great Atlantic Resources

Corp. The 2019 program was managed and conducted by a Qualified Person.

Historic grab samples (2004-2012) from the property are reported to contain significant levels of

copper, cobalt, nickel and / or gold (source: N.B. Dept. of Natural Resources and Energy

3

Development Mineral Assessment Reports). These include samples from the mine dump adjacent

to the historic Oliver Cameron shaft reported to exceed 1% copper (up to 7.73% Cu reported) while

also reported to return up to 0.52% cobalt, 0.38% nickel and 4.67 g/t gold. Two historic rubble

samples reported at the near -by historic Oliver shaft were reported to return 15.6% copper and

0.993 g/t gold; and 17.5% copper and 21.8 g/t gold.

A 2002 airborne magnetic survey conducted by the New Brunswick government identified

magnetic anomalies within the property. Great Atlantic management speculate these anomalies to

be associated to a buried mafic intrusion(s). David Martin, VP Exploration for Great Atlantic

states “the magnetic anomalies are a target for mafic intrusive hosted copper -nickel-cobalt

deposits. Reported shallow vein-type mineralization at historic workings over magnetic anomalies

may be indicative of deeper mafic intrusive hosted copper-cobalt-nickel mineralized bodies.”

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

qualified person.

Source: N.B. Dept. of Natural Resources and Energy Development Assessment Report No.

477530 (Stevens, 2013)

4

The Mascarene Property covers an area of approximately 2,080 hectares. The property is located

approximately 6 kilometers southwest of the town of Saint George. Access is excellent with paved

provincial roads transecting the property and within close proximity of the property.

David Martin, P.Geo., 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 "Always be positive, strive for solutions, and never give up"

President CEO Director

604-488-3900 – Dir

Investor Relations:

Please call 604-488-3900

5

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.

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 guarant ees 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 expl oration 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