Great Atlantic Collects Beryl Samples for Emerald Evaluation at its 100% Owned South Quarry Tungsten Property — Newfoundland

VANCOUVER, British Columbia – May 28th 2024 – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has begun the 2024 exploration program at its 100% owned South Quarry Tungsten Property, located in south-central Newfoundland. Exploration consists of tungsten exploration at select target areas and collection of beryl crystals for emerald evaluation.

Exploration Team at South Quarry (May 2024)

The Company has begun collecting green beryl crystals at one site in the northern region of the property to evaluate emerald potential. Emerald gemstone is a variety of the mineral beryl.  Great Atlantic also plans a visit by a researcher from the Gemological Institute of America (“GIA”) in July to the property.

Beryl was reported by Kidd Creek Newfoundland Ltd. within the northern region of the South Quarry Property during the 1980’s, reported to be hosted in pegmatite veins (Robertson, 1984). Great Atlantic confirmed green beryl crystals in one such vein at a small quarry during 2015 in the same general area as that reported by Kidd Creek Newfoundland Ltd. Company personnel along with Mr. Art Gardner and Mr. Terry Russell revisited this quarry during May 2024 and collected green beryl crystals which will be evaluated for emerald potential.

Beryl Crystals from South Quarry (May 2024)

Great Atlantic identified multiple target areas for tungsten exploration within the South Quarry Property since 2015. These include areas with tungsten soil anomalies and tungsten mineralization (scheelite) in float and outcrop in multiple regions (see Company news releases). Tungsten mineralization at the property commonly occurs in pegmatite veins / dykes.

High grade tungsten mineralization was located by Great Atlantic during 2015 within two quarries in the northern region of the property. Numerous 2015 Great Atlantic samples from these two quarries exceeded 1% WO3 (see Company news release of November 19, 2015). These 2015 samples (and lab-inserted blank, duplicate and standard samples) were analyzed at ALS Canada Ltd. for tungsten by lithium metaborate fusion followed by acid dissolution and ICP-MS analysis with some samples re-analyzed by XRF. ALS Canada is independent of Great Atlantic.

The South Quarry Property consists of six mineral licences covering an area of 2,550 hectares, located in south-central Newfoundland. Access to the property is excellent with a paved road transecting 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, verified beryl crystals during 2015 field work at the South Quarry Property.

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