Great Atlantic Resources Corp. summarized work completed during its 2023 mineral exploration programs in New Brunswick and Newfoundland. The 2023 work involved prospecting and rock geochemical sampling at eleven properties in Newfoundland and five properties in New Brunswick and soil geochemical sampling at two properties, the Golden Promise Property in Newfoundland and the Keymet Property in New Brunswick.

The Company collected 566 rock samples and 91 soil samples during 2023. Analytical results pending for the rock and the soil samples will be released in a timely manner as received. The 2023 work focused on exploration for multiple commodities including gold, silver, antimony, copper, lead, zinc, cobalt, nickel, tungsten and vanadium.

Rock samples were collected from outcrop (grab samples), subcrop and glacial float. Just under half of the rock samples (approximately 46%) were collected at Great Atlantic's Golden Promise Gold Property in central Newfoundland. Approximately 20% of the rock samples were collected at Great Atlantic's other gold properties in central Newfoundland.

Samples were collected at the following gold properties: East Golden Promise; West Golden Promise; South Golden Promise; Southwest Golden Promise; Golden Trust; Coronation; and Lynx. Approximately 19% of the rock samples were collected at the Company's other Newfoundland properties, including the South Quarry Tungsten Property and the Pilley's Island and Point Leamington Precious Metal ­ Base Metal properties. Approximately 15% of the rock samples were collected the Company's properties in New Brunswick.

These include: Keymet Precious Metal ­ Base Metal Property; Glenelg Gold ­ Antimony ­ Vanadium Property; McDougall Road Antimony Property; Mascarene Gold ­ Silver ­ Copper ­ Cobalt ­ Nickel ­ Lead ­ Zinc Property; and Kagoot Brook Cobalt Property. The Company has received analytical results to date for only twenty 2023 rock samples (eight samples from Golden Promise, five samples from Pilley's Island and seven samples from Glenelg). The highlight for these samples is an outcrop grab sample collected at the Glenelg Property which returned 0.50 grams /tonne gold representing the first gold bearing outcrop discovered by Great Atlantic in a target area.

The soil geochemical sampling conducted during 2023 was more limited. This included 50 soil samples collected at the Golden Promise Property and 41 soil samples collected at the Keymet Property, both sampling programs part of gold exploration programs. The analytical results are pending for these soil samples. Rock and soil samples from the 2023 program have been submitted to ALS Canada Ltd. and Eastern Analytical Ltd. for gold analysis and multi-element analysis.

Both companies are independent of Great Atlantic. The 2023 programs in New Brunswick and Newfoundland were supervised by a Qualified Person.