Exploration Program Begins At The Golden Promise Gold Property

VANCOUVER, BC - Great Atlantic Resources Corporation has begun the 2020 exploration program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. Exploration will be conducted this year in numerous regions of the property focusing on areas of gold bearing quartz veins and quartz vein float and areas of gold soil geochemical anomalies. Exploration is currently underway in the southwest region of the property in an area of gold soil geochemical anomalies to define trenching and diamond drilling targets.

The Company has commenced prospecting and rock geochemical sampling and grid level soil geochemical sampling in the southwest region of the Golden Promise Property within an area of gold soil geochemical anomalies located northeast of the gold bearing Linda - Snow White quartz vein system. Great Atlantic discovered gold soil anomalies during 2018 reconnaissance exploration within this region of the property referred to as Gold Anomaly 1. The gold soil anomalies are located approximately 4 kilometers northeast of the northeast-southwest striking Linda - Snow White gold bearing quartz vein system. The anomalies were discovered along two parallel sample lines. Great Atlantic is planning Phase 2 diamond drilling during 2020 in the northern region of the Golden Promise Property at the Jaclyn Zone pending approval from the Newfoundland and Labrador Department of Natural Resources. The Company has applied for a diamond drilling permit for the Jaclyn Zone, specifically for the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).

Planned Phase 2 drill holes include in-fill holes at the JMZ and a series of drill holes east of and along the projected strike of the JNZ, including areas of high-grade quartz boulders. This will include additional drill holes in the west area of the JMZ within the conceptual open pit area, an area of high grade 2019 drill intersections Drill core samples from seven of ten holes completed during 2019 at the JMZ exceeded 10 g/t gold. The JNZ is located approximately 250 meters north of the JMZ. During 2017 Great Atlantic excavated high-grade quartz boulders in trenches east of and along the projected strike of the JNZ. Assays of quartz boulder samples excavated during 2017 east of the JNZ included 163.9, 208.5 and 332.6 grams per tonne (g/t) gold.

The drill core samples from the 2019 program were analyzed at Eastern Analytical Ltd. Samples of main quartz veins and quartz veined zones were analyzed by the Total Pulp Metallics - Fire Assay method. This involves crushing of the entire sample to -10 mesh and pulverizing to 95% -150 mesh. The total sample is then weighed and screened 150 mesh. The +150 mesh fraction is fire assayed for gold, and a 30 gram sub-sample of the -150 mesh fraction is fire assayed for gold. A calculated weighted average of total gold in the sample is reported as well. Other samples were assayed for gold by fire assay (30-gram sub-samples) and analyzed for 34 elements (200-mg sub-samples totally dissolved in four acids and analyzed by ICP-OES). Eastern Analytical Ltd., a certified laboratory, is independent of Great Atlantic. Blank and standard samples were included with the drill core sample submissions. Duplicate analysis was conducted for some samples. The 2017 trenching program rock samples were also submitted to Eastern Analytical Ltd. for preparation and analysis. The high-grade quartz vein boulder samples were analyzed for gold by Total Pulp Metallics - Fire Assay. The sample submission included gold standard and blank samples.