Great Atlantic Resources Closes Private Placement

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2015) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or " Great Atlantic ") is pleased to announce that it is has closed the last tranche of the private placement first announced May 4, 2015, and updated on June 9, 2015 and June 30, 2015 for a total of $309,375. The Company paid a cash commission of $6,000 and issued 80,000 agents' options, with each agent's option being exercisable into additional common shares at a price of $0.10 cents per agent's option share for a period of five years from the date of issuance subject to an acceleration clause. The Company announces November 7, 2015, as the hold period expiry date for the last tranche.

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.