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Update on Atlantis Resources Corporation’s AK1000™ test turbine, March 10th 2011

Atlantis Resources Corporation is committed to keeping the marine energy sector abreast of progress in replacing the blades on its AK1000™ tidal turbine. This follows the failure of the experimental composite blades at the EMEC test facility in Orkney in August, owing to a manufacturing fault.

We are pleased to report that the fabrication of the new blades (standard GRP blades) is progressing well and nearing completion at Norco in Poole, UK.

In April, the blades will undergo a period of dry static testing. The turbine nacelle is undergoing standard, pre-deployment systems testing in Invergordon and the installation of the turbine at the EMEC facility is scheduled for completion by mid May, weather dependent.