GREAT ATLANTIC RESOURCES CORP. announced that during the year 2020 when opportunity arose it immediately staked ground that became available. This has resulted in an additional five mineral licences, totalling 5,025 hectares, within the central Newfoundland gold belt. Three licences border the Company's Golden Promise Property while two licences are located east of the Golden Promise Property. Anomalous gold in soil and /or rock samples is reported within and /or adjacent to these new mineral licences. The highlight is a reported 17 grams per. The Lynx Pond Property - Licence 031209M (1,525 hectares) is located approximately 12 kilometers east of the northern region of the Golden Promise Property. The property was staked to cover the area of a reported high-grade gold bearing rock sample, reported gold soil geochemical anomalies and a pyrite-gold mineral occurrence. The property is reported to be underlain by Cambrian - Middle Ordovician Victoria Lake Supergroup sedimentary and volcanic rocks and Ordovician - Silurian Badger Group sedimentary rocks. Reported historic highlights include: A 2004 quartz float sample from the central region of the property was reported to return 17 g/t gold, 52 g/t silver, 1.74% copper and >1% antimony. A 2004 soil sample from the east region of the property was reported to return an anomalous value of 0.083 ppm gold. The Lynx Pond pyrite-gold occurrence is reported in the southern region of the property. The Coronation Lake Property - Licence 031208M (500 hectares) is located approximately 14 kilometers east of the southern region of the Golden Promise Property. The property was staked to cover reported gold soil geochemical anomalies and two gold-silver-molybdenum-copper mineral occurrences. The property is reported to be underlain by the Neoproterozoic Crippleback Intrusive Suite. Reported highlights include: Two gold-silver-molybdenum-copper mineral occurrences are reported within the property, the Coronation Lake South #1 and Coronation Lake South #2 occurrences. A 1975 diamond drill hole was reported to intersect near-surface intervals with anomalous gold including 0.86 g/t gold over 0.91 meters core length. A float sample was reported (1975) to return 0.51 g/t gold, 0.65% copper and 0.25% molybdenum. Three 2005 soil samples were reported to return highly anomalous values of 0.43 ppm gold, 0.152 ppm gold and 0.112 ppm gold. The East Golden Promise Property - Licence 031210M (1,125 hectares) is located adjacent to the eastern region of the Golden Promise Property. The property was staked to cover areas of reported gold bearing rock samples. These include two float samples reported to return 0.40 and 0.41 grams per tonne (g/t) gold. The West Golden Promise Property - Licence 031549M (1,425 hectares) is located adjacent to the western region of the Golden Promise Property. Gold anomalies were reported for 2005 humus samples within the property (up to 54 ppb gold reported). A 2005 soil sample collected within 100 meters of the eastern boundary of the property was reported to return a highly anomalous value of 0.559 ppm gold. The Company's five new properties and the Company's Golden Promise, Southwest Golden Promise and Golden Trust properties are located within a region of recent significant gold discoveries. The Golden Promise Property hosts multiple gold bearing quartz veins and quartz vein systems. These properties are located within the Exploits Subzone of the Newfoundland Dunnage Zone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization on Great Atlantic's properties in this region.