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Great Atlantic Enters into Exclusivity Agreement with Fort St. James Nickel Corp. ___________________________________________________________________ Focused ON Exploring Atlantic Canada

Mergers & Acquisitions

GREAT ATLANTIC ENTERS INTO EXCLUSIVITY AGREEMENT

WITH FORT ST. JAMES NICKEL CORP.

___________________________________________________________________

FOCUSED ON EXPLORING ATLANTIC CANADA

(TSXV: GR)

(FRA: PH01)

VANCOUVER, British Columbia – May 29, 2017 - GREAT ATLANTIC RESOURCES CORP.

(TSXV:GR) (the “Company” or “Great Atlantic ”) announces that it has entered into an

exclusivity agreement (the “Exclusivity Agreement”) with Fort St. James Nickel Corp. ( “FTJ”),

whereby FTJ is granted the exclusive right, for 30 days, to conduct due diligence on certain of the

Company’s mineral claims located in New Brunswick (the “Property”), with a view to

negotiating the ter ms of a letter of intent with FTJ and, if applicable, a definitive agreement in

order for FTJ to complete the acquisition of the Property (the “Proposed Property

Acquisition”).

Further details regarding the Proposed Property Acquisition will be provided in a news release, if

and when the parties enter into a letter of intent and/or a definitive agreement.

The Proposed Property Acquisition is subject to, among other things, FTJ obtaining all necessary

regulatory approvals, including the TSX Venture Exchange (“TSXV”).

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 At lantic

Canada. Great Atlantic is currently surging f orward building the company , with a special focus

on the most critical elements on the planet, Antimony, Tungsten and Gold.

On Behalf of the board of directors

“Lorne Mann”

Lorne Mann,

Director

604-488-3900

This News Release may contain forward -looking statements including but not limited to comments regarding the

acquisition of certain mineral claims by FTJ. Forward-looking statements address future events and conditions and

therefore involve inherent risks and uncert ainties. Actual results may differ materially from those currently

anticipated in such statements and the Company undertakes no obligation to update such statements, except as

required by law. There can be no assurance that the p roposed t ransaction with FT J will be completed or, if

completed, will be successful.

Forward-looking statements are based on the then -current expectations, beliefs, assumptions, estimates and

forecasts about the business and the industry and markets in which the Company operates, including that: the

current price of and demand for minerals being targeted by the Company will be sustained or will improve; the

Company will be able to obtain required exploration licences and other permits; general business and economic

conditions will not change in a material adverse manner; financing will be a vailable if and when needed on

reasonable terms; the Company will not experience any material accident; and the Company will be able to identify

and acquire additional mineral interests on reasonable terms or at all. Forward -looking statements are not

guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict.

Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: that resource

exploration and development is a speculative business; that environmental laws and regulations may become more

onerous; that the Company may not be able to raise additional funds when necessary; fluctuations in currency

exchange rates; fluctuating prices of commodities; operating haz ards and risks; competition; potential inability to

find suitable acquisition opportunities and/or complete the same; and other risks and uncertainties listed in the

Company’s public filings. These risks, as well as others, could cause actual results and e vents to vary significantly.

Accordingly, readers should not place undue reliance on forward -looking statements and information, which are

qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information,

or the material factors or assumptions used to develop such forward looking information, will prove to be accurate.

Factors that could cause actual results to differ materially from those in forward -looking statements include the

failure of counterparties to perform their contractual obligations, exploitation and exploration successes, continued

availability of financing, and general economic, market or business conditions. The Company does not undertake any

obligations to release publicly any revisions for updating any voluntary forward -looking statements, except as

required by applicable securities law.

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.