MIAMI, FL / ACCESSWIRE / May 28, 2020 / Kisses from Italy Inc. (OTCQB:KITL), today announced it has engaged HIR Holdings (Hayden IR Holdings), a highly recognized, national investor relations firm, to raise its visibility and strengthen its relationships with the investment community.

"Over the past year we have expanded our operations, gaining scale and brand recognition as we continue to position the company to drive future operating leverage in our business model and we want to ensure we capitalize on these important milestones, stated Kisses from Italy's co-founder, co-CEO and CIO, Claudio Ferri. We look forward to working with the team of professionals at HIR to help us target and expand our investor audience and ensure we are communicating effectively with Wall Street."

With offices in New York, Phoenix, South Carolina and San Diego, HIR provides a comprehensive range of investor relations services to a growing list of clients. For more than two decades, HIR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 150 micro- and small-cap companies. HIR delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.

About KISSES FROM ITALY Inc.

KISSES FROM ITALY is a U.S. based is a restaurant chain operator, Franchisor and product distributor with locations in North America and Europe. The Company offers a quick service menu and a unique take on traditional Italian delicacies with an All-American flair. Kisses from Italy offerings include sandwiches, salads, Italian roasted coffee, coffee related beverage and an array of other products. The company currently operates four corporate owned stores. It successfully commenced operations in May 2015 with the opening of its flagship location in Ft. Lauderdale at 3146 NE 9th St. This was followed by three additional sites across the greater Ft. Lauderdale/Pompano Beach area. The Company recently opened its inaugural European location in Ceglie del Campo, Bari, Italy in October of 2019. In September of 2019, Kisses from Italy Inc. was given the approval by FINRA to trade its common stock and was approved for up-listing by the OTC Markets Group to the OTCQB in mid-October 2019 under the ticker symbol KITL.

For more information, please visit www.kissesfromitaly.com

Investor Contact Information:

HIR: Cameron Donahue
651-707-3532
cameron@haydenir.com

SOURCE: Kisses from Italy Inc.

ReleaseID: 591795

HONG KONG, CHINA / ACCESSWIRE / May 28, 2020 / In an era when opportunities and challenges coexist, everyone needs to face a highly competitive society and complex and changeable challenges. Negative emotions, unclear self-awareness and inherent thinking patterns often make us fall into a vicious circle of failure, thus missing the chance of success. However, life is a creative process with infinite possibilities. Its key lies in how to break through the difficulties and limitations, empower yourself and create your own path of growth. This reporter specially interviewed –Marvin Lau, CEO of LEGACY, to discuss effective ways to broaden life and realize self-value, to help everyone face challenges in a changeable environment, to break through self-limitation, to fully stimulate their own potential, vitality and creativity, and to create valuable and outstanding wonderful life.

Marvin Lau has been engaged in the field of potential development for more than 20 years and has rich experience in growth training. In 1995, Marvin joined ARC International Ltd, a large-scale international training workshop center, as a course instructor and trained in the United States and Hong Kong. In 2000, Marvin and other seven mentor teams set up the LEGACY in Hong Kong, leading the top trainers and senior training teams in the industry to promote Chinese self-awareness, potential stimulation and dream realization as the lifelong vision of the enterprise.

As an all-round consulting center for experiential growth workshops, Marvin Lau said that "LEGACY is a people-oriented career based on love and develops a platform for sustained growth. It shoulders the mission of "arousing deep consciousness, improving life quality and creating a world full of happiness ". It focuses on transmitting dreams of dreamers, realizing outstanding life, helping people to understand their current state and broaden their thinking through experiential growth training. Broaden their thinking, clarify their directions of growth, and constantly renew themselves in terms of body, spirit, mind and social emotion, so as to enhance the value of their lives and realize the overall success."

Due to strong market demand, LEGACY has opened four training centers in Hong Kong, Taipei, Shenzhen and Beijing respectively. These include the Taipei Training Center established in 2001, Shenzhen Training Center established in 2003, and Beijing Training Center established in 2007. In recent years, with the rapid development of the Internet, LEGACY has expanded the curriculum to the Internet, trying to drive more Chinese to break through the shackles of self, find a correct orientation in life and realize the value of life.

"After many years of development, LEGACY's efficient training skills and outstanding training results have spread to Hong Kong, Taiwan, Shenzhen, Beijing and other places, successfully helping more than tens of thousands of participants to effectively improve their personal, self-awareness, team cooperation, organizational leadership and professional skills, and many of the industry's outstanding leaders are graduates of LEGACY. "Marvin Lau said.

Regarding the competitive advantage of LEGACY in the field of growth training, Marvin Lau said, "The reason why LEGACY has achieved remarkable training results and is deeply trusted and supported by everyone is mainly because LEGACY has abundant teachers. Each of them is an outstanding student who has benefited from the success of LEGACY and has made achievements in society. They believe that LEGACY promotes self-improvement, achieves others and benefits society, and are willing to use their own experience to promote the growth of students. "Secondly, the courses of LEGACY are all tailor-made experiential learning. They are based on the needs of different aspects such as occupation, interpersonal relationship, finance, health, family, life goals and life direction. LEGACY Workshops have set up core ladder workshops and multi-dimensional workshops respectively, which are dedicated to helping students to have a clearer understanding of themselves through direct physical, emotional and spiritual learning, to change the habitual way of learning, to enhance comprehensive competitiveness, to find the best state of life, and to truly realize a full and successful life.

In addition to pursuing the promotion of personal values, LEGACY also attaches great importance to the dedication of social values. In the process of healthy development, LEGACY continues to repay the society. Since its establishment in 2000, LEGACY has taken practical actions to practice the humanistic care of the enterprise and has actively devoted itself to social welfare. Every year, LEGACY contributes 5% of the profits to social welfare as charity donations, participating in charity activities in the fields of caring for the elderly, caring for children and helping the disadvantaged. At present, Marvin Lau is also cheering up the enterprises affected by the epidemic. He said, "I believe that we should always be optimistic about everything and we cannot solve our problems by being helpless. Since the epidemic already exists, keep calm and optimistic attitude to face it. "Fortunately, the epidemic prevention and control work has been effective. At present, the course of LEGACY in Taiwan has been progressing steadily. Students from Shenzhen and Beijing have already learned through online teaching. The Hong Kong Training Center is expected to resume work by the end of June. Previously, the LEGACY participants took an active part in the distribution of epidemic prevention materials as volunteers and made modest contributions in the field of social welfare.

"Although the outbreak of the epidemic has temporarily suspended the development plans of LEGACY, LEGACY will actively consolidate the business and enhance the team's strength, and continue to make contributions in the charity field based on the long-term development of the enterprise. "Marvin Lau said. After the epidemic has passed, LEGACY will certainly help more people to enhance their self-worth and achieve outstanding growth in life.

Media Contact:

Company Name: Legacy Training Ltd
Person: Ms.Su Wong
Phone: +852 3525 0118
Email: Suwong@Legacyasia.net
Wedsite: http://www.legacyasia.net

SOURCE: LEGACY

ReleaseID: 591787

SAN FRANCISCO, CA / ACCESSWIRE / May 28, 2020 / Hagens Berman urges investors in Hallmark Financial Services, Inc. (NASDAQ:HALL) who have suffered significant losses to submit their losses now. A securities fraud class action was filed and certain investors may have valuable claims.

Class Period: Mar. 5, 2019 – Mar. 17, 2020
Lead Plaintiff Deadline: July 7, 2020
Visit: www.hbsslaw.com/investor-fraud/HALL
Contact An Attorney Now: HALL@hbsslaw.com
844-916-0895

Hallmark Financial Services (HALL) Securities Class Action:

The complaint alleges that throughout the Class Period, Defendants misrepresented and concealed: (1) that the Company lacked effective internal controls over accounting and financial reporting related to reserves for unpaid losses; and (2) that the Company improperly accounted for reserves for unpaid losses and loss adjustment expenses related to its Binding Primary Commercial Auto business.

Investors began to learn the truth, according to the complaint, through a series of disclosures beginning on Mar. 2, 2020, when Hallmark announced it was exiting the Binding Primary Commercial Auto business and reported a $63.8 million loss development for prior underwriting years.

Then, on Mar. 11, 2020, Hallmark announced it had dismissed its independent auditor BDO over a "disagreement" concerning the Company's estimated reserves for unpaid losses and loss adjustment expenses throughout 2019.

Finally, on Mar. 17, 2020, Hallmark disclosed a letter from BDO to the SEC revealing that BDO had expanded significantly the scope of its audit on Jan. 31, 2020, with respect to the matters of disagreement, and that "a substantial portion the requests had not been received and/or tested prior to our termination."

These disclosures caused Hallmark shares to decline over 75% lower between Mar. 2 and Mar. 18, 2020.

"We're focused on proving Defendants intentionally misled investors about the Company's internal controls and the sufficiency of its loss reserves," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of Hallmark and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Hallmark should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email HALL@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:
Reed Kathrein
844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591710

SAN FRANCISCO, CA / ACCESSWIRE / May 28, 2020 / Hagens Berman urges investors in GSX Techedu Inc. (NYSE:GSX) who have suffered significant losses to submit their losses now. A securities fraud class action has been filed and certain investors may have valuable claims.

Class Period: June 6, 2019 – Apr. 13, 2020
Lead Plaintiff Deadline: June 16, 2020
Sign Up: www.hbsslaw.com/investor-fraud/GSX
Contact An Attorney Now: GSX@hbsslaw.com
844-916-0895

GSX Techedu (GSX) Securities Class Action:

The Complaint alleges that throughout the Class Period, Defendants misreported GSX's financials, student enrollment figures, and teacher qualifications.

Investors began to learn the truth on Feb. 25, 2020, when Grizzly Research published a scathing report, accusing GSX of "drastically overstating its profitability in its US public filings, especially for 2018." Grizzly also claimed that GSX had generated "fake student enrollments to boost student count," and "fabricated teachers profiles."

On Apr. 14, 2020, Citron Research published its own cutting report, charging that GSX fabricated up to 70% of its revenues. According to Citron, GSX's Chinese financials and SEC financials are irreconcilable and show a 75% overstatement of net profits for FY 2017 – 2018 alone.

Then, on May 7, 2020, Citron published another report, citing "definitive evidence" of GSX "committing securities fraud." Citron avers that GSX's claims of acquiring customers at half the cost of its peers are false and misleading since GSX uses undisclosed related entities as shell companies to move costs off the Company's books.

Most recently, on May 18, 2020, Muddy Waters Research published another report, concluding GSX "is a near-total fraud," concluding that between 70-80% of its users are fake. This news sent the price of GSX ADSs crashing lower.

"We're focused on investors' losses and proving GSX deceived investors," said Reed Kathrein, the Hagens Berman partner leading the investigation.

Whistleblowers: Persons with non-public information regarding GSX should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email GSX@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:
Reed Kathrein
844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591709

SAN FRANCISCO, CA / ACCESSWIRE / May 28, 2020 / Hagens Berman urges investors in iQIYI, Inc. (NASDAQ:IQ) who have suffered significant losses to submit their losses now. The June 15, 2020 lead plaintiff deadline in a securities fraud class action against iQIYI is fast approaching.

Class Period: Mar. 29, 2018 – Apr. 7, 2020
Lead Plaintiff Deadline: June 15, 2020
Visit: www.hbsslaw.com/investor-fraud/IQ
Contact An Attorney Now: IQ@hbsslaw.com
844-916-0895

iQIYI (IQ) Securities Class Action:

The complaint alleges that Defendants inflated iQIYI's revenue figures, user numbers and operational expenses to cover up other fraud.

Investors began to learn the truth, according to the complaint, on Apr. 7, 2020, when Wolfpack Research published a scathing report, claiming the company was committing fraud well before its 2018 IPO and has continued to do so ever since. Wolfpack estimates that (a) iQIYI inflated its 2019 revenue by 27% – 44%, (b) overstates its user numbers by 42% – 60%, and then (c) inflates its expenses, the prices it pays for content, and other assets and acquisitions in order to burn off fake cash to hide the fraud from its auditors and investors.

This news drove the price of iQIYI ADSs sharply lower during intraday trading on Apr. 7, 2020.

More recently, on May 18, 2020, iQIYI released disappointing 1Q 2020 financial results, disclosing widening quarterly losses of $406.4 million, or 56 cents a share, a 55% increase over the year-ago quarter.

"We're focused on investors' losses and proving iQIYI misled investors about the company's revenues, user numbers, and operational expenses to appear more successful," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of iQIYI and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding iQIYI should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email IQ@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:
Reed Kathrein
844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591705

SAN FRANCISCO, CA / ACCESSWIRE / May 28, 2020 / Hagens Berman urges investors in eHealth, Inc. (NASDAQ:EHTH) who have suffered losses in excess of $50,000 to submit their losses now. The June 8, 2020 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives is fast approaching.

Class Period: Mar. 19, 2018 – Apr. 7, 2020
Lead Plaintiff Deadline: June 8, 2020
Visit: www.hbsslaw.com/investor-fraud/EHTH
Contact An Attorney Now: EHTH@hbsslaw.com
844-916-0895

eHealth (EHTH) Securities Class Action:

The complaint alleges that Defendants misrepresented and concealed eHealth's highly aggressive accounting and modeling assumptions, skyrocketing rate of member churn resulting from the company's pursuit of low quality, loss-making growth, and its reliance on direct response television advertising which attracts an unprofitable high-churn enrollee.

Investors began to learn the truth, according to the complaint, on Apr. 8, 2020, when Muddy Waters Capital published a scathing report about the company, finding that eHealth uses deceptive accounting to mask a significantly unprofitable business. According to Muddy Waters, eHealth makes "overly optimistic" modeling assumptions concerning its health insurance plan life-time values (LTV), obscures customer churn rates, and materially understates costs. As a result, Muddy Waters claims eHealth has grossly overstated its reported revenues and operating profit by hundreds of millions of dollars.

Moreover, Muddy Waters pointed out that while falsely hyping the company as "the Expedia / Zillow of health insurance," corporate insiders have sold $35 million of their personally held stock at inflated prices, including CEO Scott Flanders, who sold 15% of his stake in January 2020 alone.

On this news, the stock plummeted $12.82, or approximately 12%, in a single trading day.

Recently, on Apr. 23, 2020, the Company reported its Q1 2020 financial results, including a nearly 30% decline in cash flow from operations compared to Q1 2019. This news sent the price of eHealth shares plummeting as much as 14% during intraday trading on Apr. 24, 2020.

"We're focused on investors' losses and proving eHealth manipulated various financial metrics to appear more profitable," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of eHealth and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding eHealth should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email EHTH@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:
Reed Kathrein
844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591703

SAN FRANCISCO, CA / ACCESSWIRE / May 28, 2020 / Hagens Berman urges investors in VMware, Inc. (NYSE:VMW) who have suffered losses in excess of $100,000 to submit their losses now. Only four days remain until the June 1, 2020 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives.

Class Period: Mar. 30, 2019 – Feb. 27, 2020
Lead Plaintiff Deadline: June 1, 2020
Visit: www.hbsslaw.com/investor-fraud/VMW
Contact An Attorney Now: VMW@hbsslaw.com
844-916-0895

VMware, Inc. (VMW) Securities Class Action:

The Complaint alleges that Defendants made materially false and misleading statements regarding the Company's financial performance. Specifically, the Complaint alleges that Defendants falsely represented and concealed that: (i) VMware's reporting with respect to its backlog of unfilled orders was not in compliance with all relevant accounting and disclosure requirements; (ii) the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny and/or investigation; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times

The Complaint alleges that the truth emerged on Feb. 27, 2020, when after the market closed, the Company announced disappointing Q4 results and disclosed that in Dec. 2019 the SEC requested documents and information related to VMware's backlog and associated accounting and disclosures. Significantly, on the Q4 2019 earnings call, VMware disclosed that its total backlog was only $18 million, down massively from $449 million in the year-ago quarter. This news sent the price of VMware shares sharply lower the next day.

"We're focused on investors' losses and whether VMware may have manipulated its backlog metric," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of VMware and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding VMware should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email VMW@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:
Reed Kathrein
844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591701

AUSTIN, TX / ACCESSWIRE / May 27, 2020 / The cutting edge Blockchain, specialized equipment experts, fondly known as the Company that created THE SECRET SAUCE that delivers monthly payments to clients has expanded again. "This time it's even more exciting," remarked Josh Moore, NFN8 Media's CEO. "Just six months ago, I was proud to announce expansion into several additional cities in Texas, and now we have blown past that capacity and will begin placing our computer equipment in locations in new U.S. States in addition to Texas."

The sauce moniker was coined by a reporter who was impressed with the Company's unprecedented success in the new digital financial marketplace. "I guess you guys found the Secret Sauce," she exclaimed while interviewing Company Execs. This newest equipment will be housed in Marshall County, Kentucky. This 24/7 staffed and guarded facility has a huge electrical capacity with a substation located on the premises and a technical team certified in the equipment's monitoring and management.

In addition to this physical expansion, the Company is expanding scientifically. NFN8 Media is beginning to experiment with liquid immersion cooling for its specialized computer systems. The potential outcomes include plate heat exchangers, liquid dielectric coolants, and custom ASIC tanks. Liquid coolants reduce the need for fans and expensive computer room air conditioning units. Liquid cooling systems also reduce electricity consumption dramatically as well as pollution by noise, dust, and debris. This new type of technology increases the longevity of mining equipment while decreasing the cost of operating it. The Company will have more to announce on this front in the near future.

In the meanwhile, the Company continues to expand rapidly using its unique sale/leaseback transaction. Interested individuals have the chance to buy and own the same specified computer equipment that the Company owns and uses. The purchaser buys the computer system, receives a bill of sale, equipment list, and serial numbers. The Company procures and assembles the equipment, then loads it with software and places it in its ever-expanding U.S. based data center locations, right alongside the Company-owned equipment. The exciting part is that the same day the equipment is purchased by the individual, the Company arranges a five-year lease for the equipment. Everything is completely managed for the purchaser, who owns 100% of his/her equipment and receives a monthly lease payment. At the end of the lease, the equipment is purchased back at the same price paid originally. It is an entirely different business model than those of companies that are seeking to sell securities or raise money through traditional means. The unique sales lease/back concept allows the Company to grow without dilution or debt while giving individuals a chance to get involved in the Blockchain space without owning shares, notes, or the insecurity of owning individual cryptocurrencies. Leases have been in place for several years, and the Company has made all payments on time each month, delighting the equipment purchasers who are enjoying the benefits of the Secret Sauce.

For more information visit:
www.nfn8.com
www.cryptotechmining.com

Contact Cory Rodriguez 310-428-0555 
email cory@nfn8media.com.

SOURCE: NFN8

ReleaseID: 591675

VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)(FRA:PH01) (the "Company" or "Great Atlantic") is pleased to announce it 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 (Company News Release of September 27, 2018), 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. Highlights for Gold Anomaly 1 include:

Soil samples returned as high as 77 parts per billion (ppb) Gold.
570 Meter soil line, all samples anomalous for Gold.
Brand new target area, never been drilled.
Located approximately 4 kilometers northeast of the Linda – Snow White gold bearing quartz vein zone (historic drill intercepts include 19.5 G/T Gold over 1.15 meters).

Ground geophysics is also planned during 2020 at the Gold Anomaly 1 target area.

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) (Company News Release of May 20, 2020).

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 (Company News Releases of February 6, 12 and 19, 2020). 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 (Great Atlantic News Release of August 31, 2017).

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 (gold values reported by the Company in News Releases are weighted average values). 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.

Great Atlantic reported a National Instrument 43-101 mineral resource estimate for the JMZ in late 2018 (Company News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the JMZ is as follows:

Resource

Cutoff Au g/t

Au Cap g/t

Au Uncap g/t

Tonnes

Au Ounces Capped

Au Ounces Uncapped

Total

1.1

9.3

10.4

357,500

106,400

119,900

Pit-Constrained

0.6

11.4

14.1

157,300

57,800

71,200

Underground

1.5

7.5

7.6

200,200

48,600

48,700

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.

Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.

Mineral resource tonnage and grades are reported as undiluted.

Contained Au ounces are in-situ and do not include recovery losses

As reported in the National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo., the JMZ was modelled as a single quartz vein that strikes east-west and dips steeply to the south. Modelled vein thickness was based on true thickness derived from quartz vein intercepts. The estimate is based on 220 assays that were composited to 135 one-meter long composites. A bulk density of 2.7 g/cm3 was used. Blocks in the model measured 15 meters east-west, 1-meter north-south and 10 meters vertically. The block model was not rotated. Grades were interpolated using inverse-distance squared (ID2) weighting and a search ellipse that measured 100 meters along strike, two meters across strike and 50 meters vertically. Grades were interpolated based on a minimum of two and a maximum of 10 composites with a maximum of one composite per hole so the grade of each block is based on at least two drill holes thereby demonstrating continuity of mineralization. For the capped mineral resource estimate, all assays that exceed 65 g/t gold were capped at 65 g/t gold. All resources were classified as Inferred because of the relatively wide spacing of drill holes through most of the zone.

Because part of the vein is near surface the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50/tonne and processing costs of US$25.00/tonne were used together with a gold price of US$1,300/ounce. A conceptual pit slope of 45° was assumed with no allowance for mining loss or dilution. Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 g/t was adopted. For the underground portion of the resource a cutoff of 1.5 g/t was assumed. The cutoff grade for the total resource is the weighted average of the pit-constrained and underground cutoff grades.

The Golden Promise Property hosts multiple gold bearing quartz veins and is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the Red Indian Line (RIL). The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries in this region of the Exploits Subzone include those of Sokoman Minerals Corp. (SIC) at the Moosehead Gold Project and Marathon Gold Corp. (MOZ) at the Valentine Gold Project. Readers are warned that mineralization at the Moosehead Property and Valentine Gold Project is not necessarily indicative of mineralization on the Golden Promise Property.

Readers are warned that historic data referred to in this News Release for the Lina – Snow White quartz vein system have not been verified by a qualified person.

David Martin, P.Geo., 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 "Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Dir

Investor Relations:
Please call 604-488-3900

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, Antimony, Tungsten and Gold.

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.

SOURCE: Great Atlantic Resources Corp.

ReleaseID: 591731