Nautilus Minerals Inc.
AIM : NUS
TSX : NUS

Nautilus Minerals Inc.

December 21, 2007 11:06 ET

Nautilus Minerals Inc.: Additional Shares to Be Admitted to Trading

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2007) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") is pleased to announce that further to the Company's announcement on December 20, 2007 regarding Teck Cominco Limited agreeing to exercise, 6 months early, its share purchase warrants to acquire 3,000,000 additional common shares of the Company at a price of US$5.00 (C$5.05, Pounds Sterling 2.47)(i) per share for a total of US$15 million, the Company has made application for 3,000,000 common shares to be admitted to AIM. The shares are expected to be admitted to trading on 28 December 2007.

(i)Exchange rates used herein: C$1.00 equal to US$0.99 and Pounds Sterling 0.49.

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and is positioned to become an emerging producer in 2010. The Company's main focus for 2008 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 three of the world's leading international resource companies, including Epion (22.4%), Teck Cominco (7.2%) and Anglo American (5.7%) shareholdings post the issuance of shares resulting from the exercise of the Teck Cominco warrants above.

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
    (416) 551-1100
    Email: investor@nautilusminerals.com
    Wesbite: www.nautilusminerals.com
    or
    Australian Project Office
    +61 (7) 3318 5555
    or
    Numis Securities Limited (NOMAD)
    John Harrison
    + 44(0) 20 7260 1000
    or
    Numis Securities Limited (NOMAD)
    James Black
    + 44(0) 20 7260 1000
    or
    Conduit PR Ltd (UK Financial PR)
    Arabella Hobbs
    + 44(0) 20 7429 6610
    or
    Conduit PR Ltd (UK Financial PR)
    Ed Portman
    +44(0) 7833 926 694