Great Atlantic Resources Corp.: Drilling Commences at Keymet Gold Project Bathurst, New Brunswick

Vancouver, British Columbia--(Newsfile Corp. - February 28, 2014) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) is pleased to announce that it has commenced drilling on the Keymet Gold - Lead Zinc Silver, property, located in the world class mining district of Bathurst New Brunswick. The Keymet Property consists of 162 mineral claims comprising 6,480 acres situated in the historic Bathurst Region of New Brunswick and hosts a former producing Silver-Lead-Zinc mine that was burnt to the ground in the early stages of its life, never to be recapitalized. The property has significant exploration upside for both high grade vein systems and lower grade bulk mineable mineralization in Gold, Lead Zinc and Silver. Great Atlantic's focus will be on the new gold discovery that was trenched open in winter of 2012.

Drill Targets

In 2011, Great Atlantic prospectors made an important gold discovery while investigating Lead-Zinc-Silver (Pb-Zn-Ag) bearing structures in the northern part of the property extending from the Keymet mine workings. Numerous, large boulders of silicified wacke and intraformational conglomerate containing 2 to 5% disseminated "needle"arsenopyrite were discovered in an area known, based on historical exploration work, to contain structurally controlled Pb-Zn-Ag mineralization. The association of silicification and arsenopyrite mineralization had not been noted on the claims previously. Samples of this material assayed between 1.5 and 51.0 grams per tonne (gpt) Gold (Au) and commonly in the 5.0 to 15.0 gpt Au range.

Trenching was carried out on gold anomalies in "B"zone soil at the eastern end of the boulder train. This work uncovered an 11 meter wide zone of silicified wacke adjacent to a NNW trending fault zone that carried 1 to 2% disseminated needle arsenopyrite. Analysis of this zone returned 1.09 gpt Au over an 11 meter witdh with individual 1.5meter samples running between 0.5 and 6.0 gpt Au. This mineralized shear zone forms the target for the upcoming drilling program. The target will be drill tested down dip and along strike to ascertain the grade and continuity of the gold mineralization.

The Keymet Property, New Brunswick

Production from the Keymet mine commenced in 1954 and by 1956, the shaft was down to the 366 meter level. Production ceased in 1956 when a fire destroyed the mine buildings. A total of 56,000 tons @ 0.25% Cu, 2.44%Pb, 2.59% Zn and 0.99 opt Ag was produced between 1954 and 1956.

Gold Targets

Two new gold discoveries have been recently made by Great Atlantic's prospectors. The first is in outcrop 300 meters to the south west of the Keymet shaft where a 2 meter wide quartz-arsenopyrite (20% arsenopyrite) filled shear zone, which appears to be a splay fault off of the main Keymet shear, assayed 3.4 grams per tonne (gpt) Au. The second new discovery was made approximately 1,500 meters to the north west of the Keymet Shaft while investigating a series of historic Cu/Zn soil anomalies. In this area numerous large, angular boulders of silicified conglomerate and meta-wacke were found that contained 1-2% disseminated “needle” arsenopyrite. These boulders have been traced over a distance of 450 meters and appear to be aligned sub parallel to the strike of the Keymet vein system. No base metals are associated with this new showing which indicates that this is possibly a separate but parallel gold bearing zone within the overall Keymet base metal/silver vein system. Initial analysis indicates that the boulders run between 1.7 gpt to 51.0 gpt Au.

Additionally, there are several areas on the main claim block, to the south and east of the current work area, where outcrop of up to 3 grams per tonne Au are known to exist. It is notable that there are two Au occurrences on the Keymet property located 800 meters east of the Gorilla Resources Corp., Elmtree Gold deposit (1.6 million tonnes @ 1.9 gram per tonne indicated). These two Keymet gold occurrences are geologically similar to the Elmtree Deposit where shear related quartz/carbonate/sulphide veins occur at the contact between Ordovician and Silurian sediments.

Base Metal Targets

The Company's geologists have taken grab samples from the dump rock at the Keymet shaft and a typical Pb/Zn sample from the ore dump ran 549 gpt Ag, 2.35% Cu, 33.90% Pb and 22.90% Zn. A specimen of massive pyrite with stringer chalcopyrite, galena, sphalerite and arsenopyrite assayed 415 gpt Ag, 4.22% Cu, 1.23% Pb, and 1.48% Zn. A 3D model of the underground workings has been put together based on historic level plans and sections. Based on historic geophysical and geochemical data, there is good evidence that a series of three and possibly four, parallel vein systems occur on the property. These are the North, Central, Keymet, and South veins.

Readers are warned that "historical records" referred to in this release have been examined but not verified by a "Qualified Person". Further work is required to verify that the historical assays referred to in this release are accurate. Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.

West Gore Drilling Update, Nova Scotia

The Company also provides an update on the drill program at its West Gore property in Nova Scotia completed in December 2013. The drilling was designed to test a previously documented gold-antimony zone. Targets tested a high grade gold and antimony targets intersected in drill hole programs from the 1980's. No significant intersections were encountered in the drill core.

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 in 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

604-488-3900

Read Disclaimer: 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.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.