Great American Energy, Inc. announced that a permit application has been submitted to the Ministry of Mines and Petroleum for a mineral exploration program on the company's Bear Creek Rare Earth Project in British Columbia (BC), Canada. The company is planning to conduct an exploratory Soil/Magnetic Grid with a trenching and diamond core drilling program on identified areas mainly to the center of the Bear Creek Rare Earth claims in British Columbia. The Geophysical Grid and Trenching exploration activities is planned to last approximately 4 months and the drilling exploration activity could be up to two year duration.

The exploration program will consist of 3 Phases. PHASE I -- EXPLORATORY SOIL/MAGNETIC & MAPPING GRID: Phase I will consist of a 41-kilometer (25-mile) flagged grid layout taking 1.5 months to complete. Grid stations will be placed every 100 and 50 meters, with 25-meter set stations to take accurate magnetic readings.

The work schedule for Phase I includes a 10-hour shift per day, seven days a week. Throughout the duration of the Mag Grid program, 2 geologists or geo-technicians will be on the job along with 2 helpers. As of April 17, 2013, 18 kilometers (11 miles) of grid line flagging and Soil sampling had already been completed.

As such, the Phase I program is on schedule and expected to be completed on time and within budget. After the Magnetic grid has been completed, there will be a 1-week period to analyze the data before commencing Phase II. PHASE II & PHASE III -- TRENCHING & DRILLING PROGRAMS: Phase II will consist of roughly 1.2 kilometers (0.75 miles) of trenching, taking 1 month to complete.

Phase III will consist of a 900-meter (2,952-foot) diamond drilling program, including at least 3 and potentially up to 46 diamond drill coring holes to a depth of 100 to 300 meters (328 to 984 feet). The objective of the Phase III drill program is to determine an indicated and/or referred resource, and will include a full report written by a Qualified Geologist. The Bear Creek Rare Earth Project consists of 10 mining claims totaling 7,311 acres (2,959 hectares) that contain potential for significant resources of rare earth elements (REEs) and may contain rare earth oxides.

The property lies within the Rocky Mountain Rare Metal Belt, which runs from southeast to northwest BC. In total, the BC Geological Survey has mapped 106 rare metal and/or REE occurrences in the province, most of which fall within the belt.