Report – June 30, 2010

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Checkmate Seaenergy is pleased to announce that the data collected from the recent round of Strathclyde University wave tank tests, which were specifically designed to test fatigue life and power output, have been completed.

We are delighted with the outcome of the tests which prove that the Anaconda wave energy converter captures wave energy at an excitingly economic cost.

Checkmate Seaenergy is updating its full business plan and financial information ahead of presentation to investors during the summer. In the meantime the operational team continues to work on design and development of a quarter scale and quarter size device.

We expect to make a further announcement in early July regarding the fund-raising timetable.

Risk Warning

This communication is issued in the UK by Checkmate Seaenergy Ltd. (“the Company”). This communication is for information purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any shares in Company. No such offer or solicitation will be made except pursuant to a prospectus or information memorandum or other offering document if and when issued by the Company.