ABOUT ATLAS

Atlas Consolidated Mining and Development Corporation (Atlas)
was incorporated in 1935. Atlas is listed on the Philippine Stock Exchange (PSE) and was, until May 1995, listed on the American Stock Exchange (AMEX).

A major restructuring of the Company's assets was undertaken in years 2004 and 2005 with the creation of three special purpose subsidiaries to develop the Toledo Copper Complex, Berong Nickel Project and the Toledo-Cebu Bulk Water and Reservoir Project. As a result, Carmen Copper Corporation (CCC), Berong Nickel Corporation (BNC) and AquAtlas Inc. (AI) were incorporated and, subsequently, were positioned to attract project financing as well as specialist management and operating expertise.

In addition, Atlas incorporated a 100%-owned subsidiary, Atlas Exploration Inc. (AEI), to host, explore and develop copper, gold, nickel and other mineral exploration properties. AEI will also explore for other metalliferous and industrial minerals to increase and diversify the mineral holdings and portfolio of Atlas.

Today, Carmen Copper Corporation is wholly owned by Atlas and has been successfully rehabilitated to become the country's largest copper exporter.