Great Atlantic Terminates Keymet Option Agreement With Elm Tree Minerals Inc

VANCOUVER, British Columbia - January 16, 2013 - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) is pleased to announce that it has terminated its option agreement announced April 3, 2012 with Elm Tree Minerals Inc. ("Elm Tree") (TSX-V; ETM). The agreement had granted Elm Tree an option to acquire up to 80% of Great Atlantic's right, title and interest in and to the Keymet Property comprising a total of 162 mineral claims covering 6,480 acres located in the Bathurst region of New Brunswick. Great Atlantic plans to proceed with exploration on the property in the near future and may consider further joint venture avenues for the property.

About Great Atlantic Resources Corp:

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/

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