Nautilus Minerals Inc.
AIM : NUS
TSX : NUS

Nautilus Minerals Inc.

August 26, 2010 09:20 ET

Nautilus Issues Options

TORONTO, ONTARIO--(Marketwire - Aug. 26, 2010) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") announces that it has granted 900,000 options to non-executive directors as their full remuneration for 2010.

The options were granted under the Company's Stock Option Plan which was approved by shareholders and limits the total number of shares under option to 10% of the Company's issued capital.

The details regarding the options granted are as follows:

  No. of Exercise    
Name Options Price Vesting Period Expiry Date
Geoffrey Loudon 300,000 C$2.31 20% every six months commencing February 25, 2011 August 25, 2013
David De Witt 200,000 C$2.31 20% every six months commencing February 25, 2011 August 25, 2013
Cynthia Thomas 200,000 C$2.31 20% every six months commencing February 25, 2011 August 25, 2013
Matthew Hammond 200,000 C$2.31 20% every six months commencing February 25, 2011 August 25, 2013
Total options granted 900,000      

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for polymetallic seafloor massive sulphide deposits and is currently developing its first project. 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 AIM stock exchanges, and has among its largest shareholders two of the world's leading international resource companies, Teck Resources (6.8%) and Anglo American (11.1%). Metalloinvest, one of the largest and fastest growing mining and metallurgical holding companies in Russia, beneficially owns 21.0% of its shares through Gazmetall Holding (Cyprus) Limited.

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

Contact Information

  • Nautilus Minerals Inc. (Toronto)
    Investor Relations
    +1 (416) 551 1100
    investor@nautilusminerals.com
    www.nautilusminerals.com
    or
    Nautilus Minerals Inc.
    Australian Project Office
    +61 (7) 3318 5555
    or
    Numis Securities Limited
    John Harrison
    Nominated adviser
    + 44(0) 20 7260 1000
    or
    Numis Securities Limited
    James Black
    Corporate broking
    + 44(0) 20 7260 1000