Great Atlantic Resources Corp. Issues Shares for Debt

Vancouver, British Columbia--(Newsfile Corp. - June 22, 2015) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic") is pleased to announce that it is proceeding with a shares-for-debt filing to pay outstanding debts of $53,235.00. Approximately 709,800 shares in the capital stock of the Company will be issued to pay these outstanding payables. The shares-for-debt agreement is subject to TSX Venture Exchange approval.

The Company also announces that further to its news release dated June 9, 2015, the Company has issued 773,980 common shares in settlement of the Company's debts and announces October 13, 2015, as the hold period expiry date.

On Behalf of the board of directors

"Lorne Mann"

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.