Great Atlantic Makes New GOLD DISCOVERY New Rock Samples & Soil Samples Define New Gold Target Zone, 1.5 KM Long Samples Up To 1.8 G/T Au

100% Owned Keymet Precious & Base METAL Property, New Brunswick

VANCOUVER, BC / ACCESSWIRE / December 1, 2022 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "Company" or "Great Atlantic") is pleased to announce it has received analytical results for the first ten rock samples collected during 2022 within the west-central region of the Keymet Precious & Base Metal Property, located in northeast New Brunswick. The samples were collected within a new target area for the Company.

Foto: Accesswire

Great Atlantic, Geologist Carlin Lentz Kneeling on new Highly Anonymous Gold Outcrop

Five samples returned highly anomalous gold values in the 0.344 - 1.835 grams / tonne (g/t) range including:

• Three float boulder samples returned 1.835 g/t gold, 0.631 g/t gold and 0.481 g/t gold.
• Two close-spaced outcrop grab samples returned 0.984 g/t gold and 0.344 g/t gold representing a new gold in bedrock discovery.

Foto: Accesswire

Gold assays and multi-element analyses were received for the first ten rock samples (E534251 to E534260) collected during the 2022 prospecting and rock geochemical sampling program within a new target area in the west - central region of the Keymet Property. Great Atlantic identified a zone of gold soil anomalies in this area during 2021 (Company news release of December 10, 2021). The anomalous zone covers an area of approximately 850 meters by 500 meters, being open in all directions. Approximately 66% of the 2021 soil samples within the zone returned anomalous gold values of 0.005 - 0.067 parts per million (ppm). Great Atlantic conducted prospecting and rock - soil geochemical sampling during 2022within and surrounding this zone of gold soil anomalies. This region is relatively underexplored.

Rock samples E534251 to E534260 were collected west of the zone of gold soil anomalies (up to approximately 650 meters west of the zone of gold soil anomalies). The samples were collected from float boulders and outcrop (grab samples) and consist of siliceous / silicified meta-sediments with disseminated sulfides and +/- quartz veining. Five samples returned highly anomalous gold values, anomalous arsenic and +/- anomalous zinc including:

E534252 (float sample): 1.835 g/t gold and >10,000 ppm arsenic.

E534253 (float sample): 0.631 g/t gold, 3,190 ppm arsenic and 2,140 ppm zinc.

E534254 (float sample): 0.481 g/t gold, 8,350 ppm arsenic and 1,090 ppm zinc.

E534257 (outcrop sample): 0.984 g/t gold and 9,470 ppm arsenic