Great Atlantic to Commence a Diamond Drilling Program at Keymet Base and Precious Metal Project Historic Bathurst Mining Camp

Vancouver, British Columbia (FSCwire) - Great Atlantic Resources Corp. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce plans for a diamond drilling program at its Keymet Precious - Base Metal Project, located in northeast New Brunswick. The Keymet project is located approximately 20 kilometres northwest of Bathurst and covers an area of approximately 3560 hectares.

Great Atlantic plans to commence the drill program by mid November. The program will be conducted in the northwest region of the property, a priority area for the Company. Multiple base metal and silver bearing vein occurrences are documented in this region, including the historic Keymet Mine. Gold bearing boulders are also documented in this region (previous Company boulder samples up to 51 grams / tonne Au) and local gold bearing altered sediments uncovered during Company trenching programs (including channel sampling of 1.09 grams / tonne over 11.78 metres). The planned drilling program will be a minimum of 250 metres to a maximum of 750 metres pending results of initial holes.   The 2015 fall drilling program will focus on two base metal – silver vein occurrences. Drilling is planned at the Elmtree 12 and Elmtree 13 base metal – silver vein occurrences. The Elmtree 13 occurrence is also referred to asthe Elmtree Silver Mine.

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A shaft was sunk to 20 metre depth during the late 1800s at the historic Elmtree Silver Mine. The shaft was reported to intersect the vein. The vein is also reported to be exposed in the bank of a near-by river. It is reported to strike northwest, dip to the northeast and have a width of 1.8 to 2.4 metres. Great Atlantic prospectors have located the shaft. It is located approximately 1.3 kilometres northwest of the historic Keymet Mine (of which the main vein also strikes northwest). Company management believes the Elmtree Silver Mine to represent the same mineralized structure as at the Keymet Mine. Historic exploration data is very limited for the Elmtree Silver Mine. Government reports indicate the vein to contain significant levels of lead, zinc and silver. Late 1800s and early 1900s reported assays include 71.1 and 59% lead and 33.75 oz. / ton silver. A 1989 government dump sample was reported to return 120,000 ppm zinc (12.0% Zn). Rubble and float samples collected by Great Atlantic prospectors near the shaft returned up to 14.5% zinc. 6.27% lead, 1.5% copper and 139 parts per million silver (139 ppm or grams / tonne Ag). There are no reports of recent drilling at this occurrence. Four holes were reported in this area during the 1930s and 1940s although no data is available for these holes. Great Atlantic is planning at two to three holes testing the vein at depth in the area of the shaft.

Great Atlantic also plans to drill the area of the Elmtree 12 base metal – silver veins. This occurrence is located approximately 1.4 kilometres northwest of the historic Keymet Mine and 0.5 kilometres north of the historic Elmtree Silver Mine. Closed-spaced 1980s diamond drill holes (Brunswick Mining and Smelting Aurtec Inc.) intersected near-surface mineralized veins at the Elmtree 12 vein occurrence. A 0.88 metre core length interval from a 1981 drill hole was 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. These drill intersections are within 50 metre vertical depth. The summer 2015 trenching program by Great Atlantic exposed a northwest striking mineralized vein approximately above the drill intersections. One of the 0.5 metre channel samples across the vein returned 308 ppm silver, 19400 ppm copper (1.94%) and 15250 ppm zinc (1.525% Zn). A sample of float at the till – bedrock interface from this trench returned 472 ppm silver, 51400 ppm copper (5.14% Cu) and 76100 ppm zinc (7.61% Zn). The Company is planning one to three holes testing this vein at depth below the 1980s drill intersections. 

Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

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 former Keymet Mine.   

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.

Great Atlantic Resources Corp. has also arranged a non-brokered private placement of three million units at a price of five cents per unit for gross proceeds of $150,000. The financing is comprised of $100,000 Flow through and $50,000 Non-Flow Through dollars.

The flow through units will comprise one common flow though share and ½ a Non-Flow Though share purchase warrant, which may be exercised for a period of two years at a price of $0.05 cents per share. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of 10 cents per share for a period of 10 consecutive days.

The units comprising the non –flow through portion of the financing will comprise one common non-flow though share and a full share purchase warrant, which may be exercised for a period of five years at a price of $0.05 cents per share. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of 10 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. Directors, officers or other insiders of the company may participate in the foregoing offerings, and such parties may sell securities of the company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance participation in such offerings.

A finder's fee may be paid to eligible finders in accordance to the TSX Venture Exchange policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offerings and payment of finders' fees are both subject to approval by the TSX Venture Exchange.

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.

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