Great American Energy, Inc. announced the completion, as of April 26, 2013, of the geophysical grid layout and soil sampling in Phase I of the Company's exploration program on the Bear Creek Rare Earth Project in British Columbia (BC), Canada. A summary of exploration activity completed to date (as of April 27, 2013) has been prepared and submitted to the BC Ministry of Mines and Petroleum. The 3-phase program includes Soil/Magnetic Grid exploration, trenching and a diamond core drilling program on identified areas mainly to the center of the Bear Creek claims. As part of Phase I, a 41-kilometer (25-mile) flagged grid layout was completed with grid stations placed every 100 and 50 meters, with 25-meter set stations to take accurate magnetic readings.

Also as part of Phase I, 447 soil samples were collected, marked and tagged for transport to Acme Laboratories in Vancouver, BC, where the Bear Creek Rare Earth samples will be analyzed for rare earths. The analysis of the sampling exploration activity is expected to last approximately 1 month. Once the sample data is finalized, the magnetic and mapping survey will commence.

The data and insight gained from Phase I will guide the subsequent exploration phases: Phase II will consist of roughly 1.2 kilometers (0.75 miles) of trenching, while Phase III will consist of a 900-meter (2,952-foot) diamond drilling program, including at least 3 and potentially up to 46 diamond drill coring holes to a depth of 100 to 300 meters (328 to 984 feet). The objective of the Phase III drill program is to determine an indicated and/or referred resource, and will include a full report written by a Qualified Geologist.