Great Atlantic Acquires Lithium and Gold Prospective Mitchell Brook Project, Eastern Nova Scotia

Vancouver, British Columbia (FSCwire) - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has acquired by staking a Mineral Exploration Licence prospective for lithium and gold mineralization in eastern Nova Scotia. The Licence consists of 33 claims and is referred to as the Mitchell Brook Project. Lithium and gold mineralization are reported in close proximity to the Mitchell Brook Project on adjacent claims owned by Globex Mining Enterprises Inc.

A lithium-bearing pegmatite intrusion is reported in close proximity to Great Atlantic’s Mitchell Brook Project. Witch’s Glen Gold Inc. reported a lithium and beryllium bearing pegmatite during a 2010 trenching program approximately 500 north the Company’s Mitchell Brook Project. This included a 2 metre chip sample of pegmatite in one trench which was reported to return 5360 parts per million (ppm) Li (0.536% Li). Another 2 metre chip sample of the pegmatite from the same trench was reported to return 1160 ppm Be (0.116% Be). This trench is located within the adjacent Caledonia Property of Globex Mining Enterprises Inc. Witch’s Glen Gold reported pegmatite boulders (no samples reported), some of which may occur within Great Atlantic’s Mitchell Brook Project.  

Gold bearing quartz veins cutting metasediments are also reported in close proximity to the Mitchell Brook Project within Globex’s Caledonia Property. In 1953 Hemany Mines Ltd. reported sample assays of 0.91, 0.60 and 0.243 ounce / ton Au in one area within 500 metres of Great Atlantic’s Mitchell Brook Property.

The Mitchell Brook Project is predominantly underlain by sediments - metasediments of the Cambrian-Ordovician Goldenville Formation, part of the Meguma Group. The Goldenville Formation in Nova Scotia hosts numerous gold deposits (quartz vein and disseminated deposits). The Goldenville Formation in this region is intruded by Devonian granite including near the northern boundary of the Mitchell Brook Property.

David Martin, VP Exploration for Great Atlantic Resources, stated “we are excited to be able to acquire this property. It has potential for both Meguma - type gold deposits and pegmatite hosted lithium deposits based on the sporadic historic work in the area.”

The Mitchell Brook Project is located approximately 120 kilometers northeast of Halifax. A provincial highway accesses the property. The property covers an area of approximately 534 hectares.

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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.

On Behalf of the board of directors

“Lorne Mann”

Director

604-488-3900

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.

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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