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Board Changes

ATLANTIS RESOURCES LIMITED

(“Atlantis” or the “Company”)

Atlantis Resources, a global leader in the tidal power sector, is pleased to announce the appointment of Mr. Ian Cobban as an independent Non-Executive Director with immediate effect.

Ian has over 30 years’ experience in the subsea construction, operations and maintenance industry. He first joined Subsea Offshore Ltd, a subsidiary of Subsea 7 S.A, a company listed on the Oslo Børs and a leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry, as an Offshore Inspection Coordinator in 1985. Thereafter Ian held various positions within the business, including General Manager with responsibility for the Asia Pacific and the Middle East; Vice President for Global Project and Operations in Aberdeen and Vice President for the Gulf of Mexico, covering the USA, Mexico and Trinidad. He was recently Vice President, Health, Safety, Security, Environment and Quality (HSSEQ) at Subsea 7, where he reported directly to the CEO.

The Company also announces that Rune Nilsen, Non-Executive Director, is stepping down from the Board with immediate effect, having served a successful four year term on the board of Atlantis.

John Neill, Chairman of Atlantis commented:

“I am delighted to welcome Ian to the board of Atlantis. His expertise in offshore construction and over 30 years in the subsea and marine industries brings a wealth of experience to our Board as we increase our focus on the execution of our strategy. He has an excellent track record in the offshore construction industry and is well known in the UK and international oil and gas community. He is therefore well equipped to assist the Company as we prepare to commence our offshore operations at the MeyGen project site in Scotland later this year.

“I would also like to take this opportunity to thank Rune for his substantial contribution to the Company over the past four years. He has been involved with the Company during an amazing period of growth and success. The Board wishes him well for the future.”

 

Directorships of Ian George Cobban, aged 50:

Current:

IGC International Limited

 

Within the last five years:

Engineering Subsea Solutions Limited

 

There are no further disclosures required in accordance with paragraph g of Schedule Two, AIM Rules for Companies.

 

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

Jock Maxwell MacDonald Euan Brown

 

 

 

FTI Consulting

+44 (0)20 3727 1000

Ben Brewerton

Alex Beagley

Stephanie Blott

James Styles