Great Atlantic Rock Samples Yield Anonymous LITHIUM Values at Glenelg Vanadium – GOLD – Antimony + Lithium Property — Southwest New Brunswick

VANCOUVER, British Columbia – March 14 , 2024 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received additional analytical results for rock samples collected during 2023 at its Glenelg Vanadium – Gold – Antimony Property, located in southwest New Brunswick. Rock samples collected in one area of the property returned anomalous lithium values of 820 ppm and 920 ppm (0.082% Li and 0.092% Li). The Glenelg Property is located immediately south of the Clarence Stream Project of Galway Metals Inc. (TSX.v – GWM).

The 2023 rock samples anomalous for lithium were collected within the northern region of the Glenelg Property. An outcrop grab sample from a highly oxidized and locally faulted outcrop returned an anomalous value of 820 parts per million (ppm) lithium. A grab sample from a granite boulder with quartz veins returned an anomalous value of 920 ppm lithium. The distance between these two rock sample locations is approximately 320 meters in a northwest – southeast direction. Great Atlantic is planning additional prospecting and rock geochemical sampling in this area during 2024.

The 2023 prospecting and rock geochemical sampling at the Glenelg Property was supervised by a Qualified Person. The 2023 rock samples documented in this news release were analyzed by ALS Canada Ltd. for gold by fire assay – AA and for 34 elements (including lithium) by four acid digestion and – ICP-AES analysis. ALS Canada Ltd., a certified laboratory, is independent of Great Atlantic.

The Company recently discovered gold and antimony mineralization within the southern region of the Glenelg Property. A 2023 rock grab sample from an altered, pyrite bearing outcrop in the southern region of the property returned 0.501 grams / tonne (G/T) gold (see Company news release of November 30^th, 2023). A 2022 rock grab sample from a quartz-carbonate-stibnite vein in the southern region of the property returned 23.4% antimony (see Company News Release of August 16^th, 2022). The vein / fault is 0.6 meters wide where the 2022 1.83-kilogram grab sample was collected. This high-grade antimony sample was analyzed by ALS Canada Ltd. by XRF (following lithium borate fusion) after initial analysis of the sample by ICP-AES exceeded 10,000 ppm antimony (>1% Sb) and 50,000 ppm antimony (>5% Sb). Additional samples were collected during 2023 from this vein which were recently submitted to ALS Canada Ltd. for analysis of which the analytical results are pending.

A 2018 grab sample collected by the Company from a magnetic layer in the Bocabec Gabbro Complex returned 0.188% vanadium (0.33% V2O5), 10.3% TiO2 and 25.71% iron (see Company new release of May 6, 2019). This sample was collected by a Qualified Person within the southeast region of the Glenelg Property. This sample was analyzed by ALS Canada Ltd. by lithium borate fusion and XRF finish.

Part of the northern boundary of the Glenelg Property borders the Clarence Stream Project of Galway Metals Inc. Galway reported a NI 43-101 resource estimate for the project during 2022, reporting total Indicated resources of 12,396,000 tonnes at 2.31 g/t gold (contained 922,000 ounces of gold and 9,605 tonnes of antimony) and total Inferred resources of 15,963,000 tonnes at 2.60 g/t gold (contained 1,334,000 ounces of gold and 2,145 tonnes of antimony). Readers are warned that mineralization at the Clarence Stream Project is not necessarily indicative of mineralization within the Glenelg 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.

On Behalf of the board of directors

“Christopher R Anderson”
Mr. Christopher R. Anderson
President CEO Director

604-488-3900 – Office

Investor Relations:   
1-416-628-1560  
IR@GreatAtlanticResources.com

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.

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 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 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