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MeyGen Project Updates

ATLANTIS RESOURCES LIMITED

 (“Atlantis” or the “Group”)

MeyGen Project Update

 Atlantis, owner of the world’s largest planned tidal current energy project, MeyGen, and tidal energy equipment supplier, announces that it will today sign a contract with ABB, a leading power and automation technology group, to provide the onshore infrastructure works and electrical equipment for Phase 1A of the MeyGen project in the Pentland Firth in Scotland.

 

Atlantis continues to work closely with all relevant financing and contracting parties on achieving financial close for the first phase of the project, which is expected to be completed shortly. Accordingly the Board knows of no reason for the recent share price falls. The project remains on track for construction to commence in 2014 with first power expected in early 2016.

 

 

-Ends-

For further information please contact:

Atlantis Resources Limited

via FTI Consulting

Tim Cornelius,   Chief Executive Officer

 

Duncan Black,   Chief Financial Officer

 

 

 

Peel Hunt LLP (Nominated Adviser and   Broker)

+44 (0) 20 7418 8900

Daniel Harris / Andy   Crossley

 

 

 

FTI Consulting (Media and PR)

Ben Brewerton /   Alex Beagley / James Styles

+44 (0) 20 3727 1000