Great Atlantic Commences Drill 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 that a diamond drilling program has begun at its Keymet Precious - Base Metal Project, located in northeast New Brunswick. The drill rig is being mobilized to the first site today. The Keymet project is located approximately 20 kilometres northwest of Bathurst and covers an area of approximately 3560 hectares. 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 historic Keymet Mine.   

The drilling program is being conducted in the northwest region of the property, a priority area for the Company. The drilling program will be a minimum of 250 metres to a maximum of 750 metres pending results of initial holes. Multiple base metal and silver bearing vein occurrences are documented in this region, including the historic Keymet Mine. The drilling program will test two base metal and silver bearing vein occurrences. These are the Elmtree 12 and Elmtree 13 vein occurrences. The Elmtree 13 occurrence is also referred to as the Elmtree Silver Mine.

At the historic Elmtree Silver Mine, a shaft was sunk to 20 metre depth during the late 1800s. 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 historic 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 vein occurrence. Four holes were reported in this area during the 1930s and 1940s although no data is available for these holes. Great Atlantic will drill two to three holes testing the vein at depth in the area of the shaft.

Drilling will also be conducted in the area of the Elmtree 12 base metal and silver bearing 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 and 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). Great Atlantic will drill one to three holes in this area including testing at depth below the 1980s drill intersections. 

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2015 Trench in area of Elmtree 12 Base Metal – Silver bearing veins

Of note, gold bearing boulders are also documented immediately south of the Elmtree 12 veins. Previous Great Atlantic boulder samples assayed up to 51 grams / tonne Au in this area. Two previous Great Atlantic trenches in this area exposed gold bearing altered and / or sheared sediments (including channel sample intervals of 1.09 grams / tonne Au over 11.78 metres and 1.1 grams / tonne Au over 4.9 metres).  

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.

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 has granted 600,000 stock options at an exercise price of five cents. The options are exercisable for five years, and will be cancelled 30 days after cessation of acting as director, officer, employee or consultant of the company. Further Great Atlantic is continuing with its private placement as announced on November fourth and wishes to advise that Directors, officers or other insiders of the company may participate in the foregoing offerings, as 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 the offering.

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”

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.

Great Atlantic Resource Corp

888 Dunsmuir Street - Suite 888,  Vancouver, B.C., V6C 3K4

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