Great Atlantic Conducts Summer Work Program on Its Keymet Base and Precious Metal Project Near Bathurst New Brunswick Canada

VANCOUVER, BC / ACCESSWIRE / June 30, 2015 / GREAT ATLANTIC RESOURCES CORP. (TSX VENTURE: GR) (the “Company” or “Great Atlantic “) is pleased to announce that it has commenced its summer work program.

Great Atlantic is conducting a first phase VLF (Very Low Frequency) Electromagnetic geophysics survey at the Keymet Project. This survey is focused on the northwest region of the project to further define trench and drill targets. The survey will cover an area of gold soil anomalies, gold bearing boulders and gold in altered and sheared trench bedrock as discovered by Great Atlantic during 2011 – 2013; and documented base metal and silver bearing vein occurrences. Historical reports suggest the base and silver bearing veins in this area to be northwest trending. A northwest trending fault is reported in this area as per government maps. Great Atlantic discovered gold and arsenopyrite bearing boulders and gold in trench bedrock in this region during 2011 – 2013. Boulder samples from these programs returned up to 51 grams per tonne gold. One trench exposed a gold bearing sheared and altered zone of which channel samples graded 1.09 grams per tonne gold over 11.78 metres.

The VLF Electromagnetic survey is also covering an area of closed-spaced 1980s diamond drill holes (Brunswick Mining and Smelting Corporation Limited and Aurtec Inc.) which were reported to intersect base metal and silver bearing veins. This vein occurrence is referred to as the Elmtree 12 vein occurrence and is located approximately 1.4 kilometres northwest of the former Keymet Mine. Reported drill intersections at the Elmtree 12 vein occurrence included a 0.88 metre core length interval from a 1981 drill hole, reported to grade 7.72% Cu, 11.36% Zn and 13.6 ounces per ton Ag. A 1.22 metre core length sample from a near-by 1989 drill hole was reported to assay 16.4% Cu, 10.11% Zn and 31.0 ounces per ton Ag. A 1.22 metre core length sample from another near-by 1989 drill hole was reported to assay 6.34% Cu, 3.94% Zn and 10.9 ounces per ton Ag. Readers are warned that these historical records have been examined but not verified by a qualified person. Further work is required to verify these historical assays are accurate.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release. David Martin is VP Exploration for Great Atlantic Resources Corp.

The company is also pleased to announce it has received a $35,000 grant through the New Brunswick Junior Mining Assistance Program. The Keymet project is located approximately 20 kilometres northwest of Bathurst and covers an area of approximately 3560 hectares. Great Atlantic has the option to acquire 100% interest in the property from a local prospector, subject to a 2% NSR. Access to the property is excellent with paved roads transecting the property, including a provincial highway. Base metal and silver mining was previously conducted within the property during the 1950s at the Keymet Mine.

The Company has closed the Second tranche of its private placement, which was previously announced on May 4, 2015. The Second tranche consists of 1,180,000 units, and Oct. 30, 2015, is the hold period expiry date in respect of the shares comprising the units and the shares issued upon exercise of the shares purchase warrants. The Company anticipates closing the final tranche of this private placement in the coming week.

The Company also announces that further to its news release dated June 22, 2015, the Company has issued 709,800 common shares in settlement of the Company’s debts and announces Oct. 30, 2015, as the hold period expiry date.

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.

On Behalf of the board of directors

“Lorne Mann“

Lorne Mann

Director 604 488-3900

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: 430256