Great Atlantic Resources Corp. — Capital/Financing Update 2024

Oct 25, 2024

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FOCUSED ON EXPLORING ATLANTIC CANADA TSX.v: GR

FRA: PH02

Great Atlantic Closes Financing

VANCOUVER, British Columbia – October 25, 2024 - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) , is pleased to announce that it has closed the Hard dollar portion of its non-brokered private placement, previously announced on September 3, 2024 and October 21, 2024. A total of 4,000,000 units at a price of $0.05 per unit for gross proceeds of $200,000. were issued. The units of the financing comprise of one common share and one-half share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non-flow common share at the price of $0.15 for 36 months after closing. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of $0.20 per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 20 days from the date of providing such notice.

The net proceeds from the Offering will be used for general working capital. No finders’ fees were paid. All securities issued in connection with the Offering will be subject to a hold period of February 26, 2025.The closing of the private placement financing is subject to final TSX-V approval.

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

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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.

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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

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