Nautilus Minerals Inc.

Nautilus Minerals Inc.

April 30, 2008 10:08 ET

CORRECTION FROM SOURCE-Nautilus Minerals Inc.: Options and Warrants Exercised

TORONTO, ONTARIO--(Marketwire - April 30, 2008) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") announces that in its announcement of April 28, 2008 entitled "Options and Warrants Exercised" the number of common shares was incorrectly stated as 62,317. The correct number of common shares is 62,311.

The text below replaces the announcement referred to above:

Options and Warrants Exercised

Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") announces that as a result of the exercise of options and warrants, the Company has made an application for 62,311 common shares to be admitted to the AIM and TSX. The shares are expected to be admitted to trading on May 2, 2008.

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and subject to timely permitting is positioning itself to become an emerging producer in 2010. The Company's main focus is the Solwara 1 Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. Nautilus is listed on the TSX and on AIM, and has among its largest shareholders two of the world's leading international resource companies, Teck Cominco (7.2%) and Anglo American (5.7%). Epion (22.4%) is controlled by the founder of Metalloinvest one of the largest and fastest growing mining and metallurgical holdings in Russia.

Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release.

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