The researchers believe that the animal has remained unchanged over the millions of years, and how it managed to survive unchanged when nearly all species were wiped out or forced to evolve to survive is a mystery.
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The Institute said the male fish measured 1.5 metres (5ft) in length and was caught at a depth of 700 metres (2,300 ft) in waters off the resort of Portimao. The scientists called the frilled shark as a "true living fossil" due to the remains that were discovered 80 million years ago. The gills of the shark has frilly, fluffy edges, but the cuddly factor ends abruptly there.
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Scientists believe it resides off the coast of Australia, Japan and New Zealand. It has also been speculated that the frilled shark influenced 19th century sailors stories of sea serpents. Pretty much all other sharks have separate gills, but the frilled shark's first pair of gills stretch all the way across its throat.
As per BBC, professor Margarida Castro of the University of the Algarve told Sic Noticias that the shark gets its name from the frilled arrangement of its 300 teeth, "which allows it to trap squid, fish and other sharks in sudden lunges". Scientists should take advantage of getting the shark as a living fossil and study in details about it and also they should try to find out more of them in the unexplored regions of the sea. Scientists only know that these are one of the creepiest creatures existing beneath the ocean surface.
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