SIMEC Atlantis Energy Regulatory News (SAE)

The information contained in this announcement is inside information under the Market Abuse Regulation (EU) No 596 / 2014. The person responsible for arranging the release of this announcement on behalf of Atlantis is Tim Cornelius, Chief Executive Officer of Atlantis.

3 April 2018

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Atlantis Resources Limited

("Atlantis" or the "Company" or the "Group")

Update on Bond Offer

Atlantis, a global leader in the renewable energy sector, is pleased to announce that following the formal launch of its proposed five-year bond through Abundance Investment Limited, investor commitments have now passed £3.0 million, exceeding the minimum threshold of £2.0m. The Company has also extended the offer to investors which will now remain open until 30 April 2018.

Enquiries:

About Atlantis

Atlantis Resources Limited is a vertically integrated project developer and power generation equipment supplier in the marine power industry. The Atlantis group holds equity positions in a diverse portfolio of tidal stream development projects, which includes a stake of 77% in MeyGen Limited, the company developing the world's largest tidal stream project in Scotland. In addition, Atlantis is pursuing a number of marine power project opportunities in France, South Korea and Indonesia to complement its UK pipeline.

Atlantis aims to generate revenue from a number of sources:

● Realising value from its equity ownership positions across a portfolio of projects;

● Providing origination and development, construction management and operations management services to marine renewable project owners and developers;

● Turbine manufacture, sales and servicing; and

● Licensing its technology to third party project owners and developers.

Alongside its project development interests, Atlantis owns a portfolio of patents and patent applications relating to tidal power generation, and has developed an extensive range of intellectual property and know-how in a growing global tidal industry that has the potential to achieve over 120,000MW of installed capacity.