South Quarry Rock Samples Return Anomalous Lithium Analyses

Vancouver, British Columbia (FSCwire) - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce lithium analyses for rock grab samples collected during 2015 at its South Quarry Tungsten Project, located in east-central Newfoundland. Great Atlantic previously announced tungsten analytical results for vein and metasediment samples collected during 2015 on the property with multiple samples exceeding 5% WO3 (News Release of November 19, 2015). Multiple grab samples exceeded 200 parts per million (ppm) lithium (up to 297 ppm Li), being of vein and metasediment, some of which also produced the highest cesium values (one sample exceeded the 500 ppm Cs upper analytical detection limit). The anomalous lithium samples included rubble samples from two quarries in the northern part of the property and boulder samples in the southern part of the property, covering a maximum northeast – southwest distance of 5 kilometers. Veins observed and sampled on the property are commonly pegmatitic in nature containing quartz, feldspar, mica and scheelite (some veins contain beryl). Great Atlantic management consider these samples to be anomalous for lithium and indicative of lithium potential on the property.

Rock samples were collected in multiple locations within the South Quarry Project during 2015. These included boulder grab samples in various areas; and rubble grab samples and bedrock grab and channel samples from two quarries in the northern part of the project. The samples were submitted to ALS Minerals for analysis and assay. The samples were analyzed for tungsten by Lithium Metaborate Fusion and Inductively Coupled Plasma – Mass Spectrometry (ICP-MS). Samples exceeding 10,000 ppm for tungsten were assayed for tungsten by X-Ray Fluorescence (XRF). The samples were also assayed for gold by Fire Assay - Atomic Absorption Spectroscopy (AAS) and analyzed for 51 elements (including lithium and cesium) by Aqua Regia, Inductively Coupled Plasma – Atomic Emission Spectroscopy (ICP-AES) / ICP-MS. The company plans to re-analyze specific samples for lithium using alternative analytical techniques.

Three prospecting boulder grab samples from the southern region of the Project exceeded 200 ppm Li, while also returning the highest cesium analytical values. Two of the boulder samples were collected adjacent to a historic trench. Both boulders are metsediment with quartz veins. Sample CT-R-15-15 returned 1884 ppm WO3, 221 ppm Li and 491 ppm Cs. Sample CT-R-15-16 returned 542 ppm WO3, 282 ppm Li and > 500 ppm Cs. This historic trench is approximately 3.9 kilometers southwest of the main south quarry. Another boulder grab sample (CT-R-15-12) collected approximately 1.1 kilometers south of this trench returned 229 ppm Li and 428 ppm Cs. This metasediment boulder contains sub-parallel quartz-mica veins.

As reported in the November 19, 2015 News Release, 28 rock samples were collected from numerous blocks of rubble and bedrock in two close spaced quarries in the northern half of the project. These include the larger main south quarry and a smaller adjacent north quarry. Most of the samples were from veins (bedrock and rubble) consisting of quartz, mica, feldspar and scheelite. A small number of metasediment wall rock samples were also collected (bedrock and rubble). Samples were grab samples as well as vein bedrock channel samples. A rock saw was also used to collected vein samples from blocks of rubble. The veins sampled were up to 50 centimetres wide. Seventeen of the 28 rock samples assayed greater than 1% WO3 with 12 samples exceeding 5% WO3 (W % times 1.26 equals WO3 %) as reported in the News Release of November 19, 2015.

Three samples from the two quarries exceeded 200 ppm Li:

• SQ-R-15-33:  9.07% WO3 and 297 ppm Li.

A saw-cut grab sample of pegmatitic vein from a block of metasediment rubble at the west end of the small north quarry. The vein was measured to be 5 centimetres wide.

• SQ-R-15-36: 8.57% WO3 and 212 ppm Li.

A saw-cut grab sample of a narrow (1-2 centimetres wide) scheelite - quartz vein from a block of metasediment rubble at the west end of the main south quarry. This sample was cut along the vein and contains some metasediment wall rock.

• SQ-R-15-41: 238 ppm WO3, 206 ppm Li and 231 ppm Cs.

A composite grab sample from multiple blocks of metasediment rubble at the north end of the main south quarry.

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Small North Quarry: northern region of South Quarry Tungsten Project

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Main South Quarry: northern region of South Quarry Tungsten Project

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Pegmatitic vein (scheelite, quartz, feldspar & mica) cutting metasediment at small North Quarry

David Martin, VP Exploration for Great Atlantic Resources Corp., stated “the anomalous amounts of lithium in some samples, the pegmatitic nature of the veins and the near-by granite intrusions indicates lithium potential at the South Quarry Project. The exact minerology of the pegmatitic veins has not been determined. The anomalous cesium content in some samples possibly indicates potential for LCT – Type (lithium – cesium – tantalum) Pegmatites although the tantalum content of the samples was nil. Tungsten remains the primary focus at South Quarry.”

Great Atlantic has the option to acquire 100% interest in the property, subject to a 3% NSR. Access to the property is excellent with a paved road transecting the property. The property covers an area of approximately 3160 hectares.

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

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”

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

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