Great Atlantic Resources Partner Drills 18.45 Metres of 1.14% Copper, 2.42% Zinc, 16.74 g/t Silver and 0.32 g/t Gold in Upper Lens; 5.42 Meters of 1.99% Copper, 1.66% Zinc, 15.49 g/t Silver and 0.8 g/t Gold in Lower Lens at Pilley's Island Project

Assay results show promising mineralization but no resource or economic data yet.

Risk flags

• ●There is no resource estimate, preliminary economic assessment, or feasibility study, so the commercial potential of the project is entirely unproven. Without these, investors have no basis to assess potential returns or project scale.
• ●All reported intervals are drilled lengths, and true widths are unknown, which could significantly overstate the apparent size and grade of mineralization. This limits the reliability of the results for resource modeling or economic analysis.
• ●The announcement contains several forward-looking statements about future exploration and system expansion, but these are speculative and not backed by quantitative evidence or geological modeling. The gap between narrative and disclosed data increases the risk of overestimating project potential.

Bottom line

This announcement provides detailed assay results confirming polymetallic mineralization over limited strike lengths at the Pilley's Island Project, but stops short of delivering any resource estimate, economic analysis, or development timeline. The grades and intervals are promising for an exploration-stage project, yet the lack of true width data and absence of any financial or resource modeling means the investment case is unproven. The company's narrative is optimistic and forward-looking, but the evidence remains strictly geological, with no indication of commercial viability or near-term catalysts. For investors, this is a technical update rather than an actionable investment signal. The most important takeaway is that while the project shows geological promise, it remains at an early stage with all commercial and development risks unresolved.

Announcement summary

(TSXV: GR) GREAT ATLANTIC RESOURCES CORP. announced an update on remaining assays received by option partner HM Exploration Corp. (CSE: HM) for drill holes eight (8) to twelve (12) from HM Exploration's Phase One drilling program at Great Atlantic's Pilley's Island Project. HM Exploration holds an option to earn a 100% interest in the project, and the upper lens mineralization has been confirmed over a strike length of approximately 145 m, while the lower lens is confirmed over an approximate strike length of 40 m. Significant assay results include PI-26-008 with 18.45m of 1.14% Cu, 2.42% Zn, 16.74 g/t Ag, and 0.32 g/t Au, and intervals such as 0.71m of 2.25% Cu, 2.27% Pb, 27.3% Zn, 102 g/t Ag, and 2.42 g/t Au. The lower lens returned up to 149 g/t silver and 10.23 g/t gold in 0.82m, and the upper lens returned up to 8.14% copper and 27.3% zinc in 0.57m and 0.71m intervals, respectively. The 2026 Phase One drilling program focused on evaluating the continuity of the mineralized system below known surface showings and along strike of the Clifford Jones (Bull Road) Zone. The company projects that downhole and ground EM surveys are mobilizing soon to support target refinement for 2026 Phase Two drilling, which will test potential extensions of the mineralized system. All reported intervals represent drilled lengths, and true widths of the mineralized intersections are currently unknown.

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