GREAT ATLANTIC RESOURCES CORP. (TSX-V:GR) (FRA:PH02) is pleased to announce it has begun a prospecting and rock geochemical sampling program at its Mascarene Property, located in southern New Brunswick. Rock sampling is currently being conducted in the area of the Wheal Louisiana copper – nickel – cobalt occurrence. Previous Great Atlantic rock sampling in this area also confirmed gold mineralization.

Two shafts were sunk at the Wheal Louisiana occurrence in the 1850s. Other historic pits exist in this area. Limited sampling by Great Atlantic during 2020 confirmed copper and gold mineralization in rubble adjacent to a shaft and a near-by pit in this target area. A rubble sample of mafic rock returned 6.19% copper, 0.404 grams/tonne (g/t) gold and an anomalous value of 107 ppm cobalt. Two quartz vein rubble samples returned anomalous values for copper (up to 0.86% Cu) and gold (up to 0.19 g/t gold).

A small inactive quarry also exists in the area of the Wheal Louisiana occurrence with sulfide (including chalcopyrite) bearing quartz veins in bedrock and quartz vein rubble. Great Atlantic is conducting additional rock sampling in this area. Prospecting and rock geochemical sampling are also planned during 2022 at other target areas within the Mascarene Property including areas where the Company has confirmed gold, copper and zinc mineralization in rubble adjacent to historic workings (please see the Company’s website for results of previous rock sampling at the Mascarene Property).

Quarry rubble with copper sulfide (chalcopyrite) in quartz veins

Great Atlantic recently completed a five-hole diamond drilling program in the area of the Wheal Louisiana occurrence with chalcopyrite bearing veins being intersected (Company news release of March 16, 2022). The drill core from that program is currently being logged and sampled.

A broad northeast trending zone of magnetic high anomalies (identified during a 2001 government airborne magnetic survey) transects the entire Mascarene Property. Great Atlantic’s management speculate this magnetic high trend to be associated with a buried mafic intrusion(s) and a possible target for mafic intrusive hosted copper-nickel-cobalt deposits. The current prospecting and rock sampling is and will be conducted within and adjacent to this magnetic high trend.

The prospecting and rock sampling is being supervised by a Qualified Person. Rock samples will be submitted to a certified laboratory independent of Great Atlantic for gold assay and multi-element analysis (including copper, nickel, cobalt and zinc).

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. (New Brunswick and Newfoundland and Labrador), 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.

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, Gold, Copper, Zinc, Nickel, Cobalt, Antimony and Tungsten.