Great Atlantic decides not to pursue Grey River option

VANCOUVER, British Columbia - November 14, 2012 - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) announces that it will not pursue an interest in the Grey River property pursuant to a Letter of Intent announced September 14, 2012 with Playfair Mining Ltd. to acquire up to a 75% interest in the Grey River Tungsten property. The Company plans to focus on its current portfolio of properties in the near term.

About Great Atlantic Resources Inc.:

Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral deposits in Atlantic Canada which is a sovereign risk free domain. Recently New Brunswick was announced as the number one mining region in the world. Great Atlantic has assembled the A-team of explorers in the region with decades of experience and known track records for discoveries. Currently the company is propelling forward under a project generation model with a focus on Antimony, Tungsten and Gold.

On Behalf of the board of directors

"Chris Anderson"

Christopher R Anderson,

CEO - President 604 488-3900

Read about Great Atlantic Resources Corp.: http://greatatlanticresources.com/corporate-overview/

Read Disclaimer: http://greatatlanticresources.com/legal-disclaimer/

Facebook: http://facebook.com/GreatAtlanticResources | Twitter: @GreatAtlRes |

Suite 888 - 888 Dunsmuir Street Vancouver, B.C., V6C 3K4

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