Great Atlantic Options 75% of the Kagoot Brook Cobalt Property to Explorex _______________________________________________________________ FOCUSED ON EXPLORING ATLANTIC CANADA

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Great Atlantic Options 75% of the Kagoot Brook Cobalt Property to Explorex

_______________________________________________________________

FOCUSED ON EXPLORING ATLANTIC CANADA

(TSXV: GR)

(FRA: PH01)

Vancouver, B.C., February 14, 2018, Great Atlantic Resources Corp. (the “Company” or “Great

Atlantic”) (GR:TSXV) is pleased to announce that it has executed a Letter of Intent to option a 75%

interest in th e Kagoot Brook cobalt project in New Brunswick (“Project”) to Explorex Resources Inc.

(EX:TSX.v) (“Explorex”).

Kagoot Brook Project

The Project consists of 7 claims, totalling 4,233 ha. located in north central New Brunswick, 85 km

southwest of Bathurst along the southwest margin of the famous Bathurst Mining Camp. The property is

underlain by Cambro -Ordivician felsic volcanics and sediments. In 1983, the New Brunswick

Government, released stream sediment sampling results with anomalous responses which led to the

staking of the Kagoot Brook claims by Brunswick Mining and Smelting (“Brunswick Mining”).

Brunswick Mining conducted extensive soil sampling commencing in 1984 and completed 4.6 km of

magnetic and 13.0 km of VLF -EM geophysical surveys over the gridded area, as well as stream sediment

silt samples (New Brunswick Assessment Report 473161). The VLF survey indicated three strong and

two weak conductors within the property. The trends are oriented near east –west and delineate three

areas of major interest. The soil samples returned favourable results from the three areas with a strong

association between Cu, Ag and Co with the VLF conductors. The silt sampling program returned

strongly anomalous cobalt with values up to 6,000 ppm with anomalous v alues in Cu, Pb, Zn and Ni.

From this work two zones were delineated for follow up. Recently completed regional geophysics has

further refined the geological setting and targeted additional areas of interest.

No sources of the geochemical anomalies are known on the property and no drilling has ever been

conducted.

Option Agreement

The Kagoot Brook property, is 100% owned by Great Atlantic and is subject to an underlying agreement

with a prospecting syndicate. The agreement to acquire a 75% interest i n the Project is subject to the

following terms:

 Cash payment of $25,000 and issuance of $75,000 shares upon signing a definitive agreement;

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 Issuing $50,000 in shares on the 12-month anniversary of the definitive agreement; the number of

shares to be issued will be based on the 10 day VWAP immediately prior to the anniversary date;

and

 Explorex will incur a total expenditure of $750,000 (incl uding all underlying payments) over a

period of 4 years; of which $100,000 will be a firm commitment on or before the first anniversary

of the definitive agreement.

 Upon Explorex earning 75% of the project, the parties will enter into a joint venture. Th e terms

will provide for a pro -rata dilution such that should Great Atlantic’s interest drop below 5%, it

will revert to a 3% NSR. Explorex will retain the right to buyback 2 percentage points at $ 1

million for each 1%, or portion thereof. Should Great Atlantic seek to sell any portion of the

remaining NSR, Explorex will retain a first right of refusal.

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 focu s on the most critical elements on the

planet that are prominent in Atlantic Canada, Zinc, Cobalt Antimony, Tungsten and Gold.

Qualified Person

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

information contained in this News Release.

On behalf of the Board,

“Christopher R Anderson”

Mr. Christopher R Anderson “Always be positive, strive for solutions, and never give up "

President CEO Director

604-488-3900

Investor Relations:

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

E-mail: [email protected]

For further information, please contact Christopher Anderson - CEO; phone 604-488-3900

This press release includes certain statement s 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 t hat 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 availability of financing, and general economi c, 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