Mr. Paul Andreola reports

ATLAS ENGINEERED PRODUCTS ANNOUNCES GRANT OF OPTIONS

Atlas Engineered Products Ltd. has granted a total of 200,000 incentive stock options to the independent directors in accordance with the company's stock option plan. Each option is exercisable into one common share of the company at a price of 64 cents per share, being the closing price of the company's common shares on the TSX Venture Exchange on April 21, 2022. The options will vest and become exercisable in equal one-third tranches every six months over a period of 18 months from the grant date, and will expire on April 22, 2027.

About Atlas Engineered Products Ltd.

Atlas Engineered is a growth company that is acquiring and operating profitable, well-established operations in Canada's truss and engineered products industry. It has a well-defined and disciplined acquisition and operating growth strategy, enabling it to scale aggressively and apply new technologies, giving it a unique opportunity to consolidate a fragmented industry of independent operators.