Atlantis Resources : Appointment of Chief Operating Officer

22 October 2018

SIMEC ATLANTIS ENERGY LIMITED

Formerly known as Atlantis Resources Limited ("Atlantis" or the "Company")

Appointment of Chief Operating Officer

SIMEC Atlantis Energy Limited, the global developer, owner and operator of sustainable energy projects with a diversified portfolio of more than 1,000 megawatts in various stages of development, is pleased to announce that it has appointed Mr. Andy Richardson into the role of Chief Operating Officer at SIMEC Atlantis Energy. This will be a non-Board appointment.

Andy is a senior figure in the global power generation sector, a Chartered Fellow, having formally held roles as Head of Asset Management and Engineering Manager at Alstom Power Service UK and Director Thermal Generation (4 GW Generation) at EDF. Andy moved on to become the Executive Director of Thermal & Renewables at EDF where he was a member of the Energy Branch Board with main Board responsibility for gas storage, onshore and offshore wind development (>0.5GW), biomass and thermal generation (5.4GW). Recently, Andy was the COO of Stanwell Corporation Limited in Australia, which is a diversified, vertically integrated energy company with a range of electricity generation assets: thermal, hydroelectric, water and fuel resources.

Andy will join the senior management team based in London and will be responsible for asset management, portfolio optimisation and acquisition analysis.

Enquiries:

SIMEC Atlantis Energy Limited	via FTI Consulting
Tim Cornelius, Chief Executive Officer Andrew Dagley, Chief Financial Officer
Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker)	[phone]
Rick Thompson Richard Salmond David Porter
Macquarie Capital (Europe) Limited (Joint Broker) Nick Stamp	[phone]
FTI Consulting	[phone]
Ben Brewerton Alex Beagley Molly Stewart

Notes to Editors

SIMEC Atlantis Energy is the global developer, owner and operator of sustainable energy projects with a diverse portfolio of more than 1,000 megawatts in various stages of development. This includes a 77% stake in the world's largest tidal stream power project, MeyGen, and the conversion of the 220MW Uskmouth Power Station.

In 2017 we entered into a strategic partnership with SIMEC, a member of the GFG Alliance, to convert the Uskmouth Power Plant to use an end-of-waste energy pellet as fuel. The plant is expected to enter commercial operations in 2020 and will sell its power to GFG Alliance companies under two 20-year power purchase agreements. A successful conversion will tackle the pressing issue of non-recyclable waste in the UK and will form the blue-print for other large-scale conversion projects across the globe.

We intend this to be first of a number of acquisitions aiming to transform SIMEC Atlantis into a diversified energy Company of scale, owning development and generating assets across the sustainable energy spectrum in Europe, Asia and Australia, complementing our existing UK pipeline.