Nautilus Minerals Inc.
TSX VENTURE : NUS

Nautilus Minerals Inc.

January 02, 2007 11:55 ET

Nautilus Appoints Project Director

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 2, 2007) - Nautilus Minerals Inc. (TSX VENTURE:NUS) (the "Company" or "Nautilus") is pleased to announce that it has appointed Stephen Rogers to the position of Director Projects to manage the Company's engineering and project development, specifically the development of the Solwara 1 Project in Papua New Guinea.

Stephen joins Nautilus from Clough Limited, one of Australia's largest multidisciplinary engineering firms, where he has been CEO for oil and gas for the last eighteen months. He has thirty years of experience in project and corporate management and has extensive deepwater offshore and onshore project development experience.

Prior to June 2003, he was Regional Managing Director Oceania based in Australia for Technip, Europe's leading oil and gas services group with a workforce of 21,000 and a global turnover of 5.4 billion Euros. Technip acquired Coflexip Stena Offshore in early 2002 and Steve had at that time been the Managing Director and Executive Vice President for the Middle East and Asia Pacific operations of Coflexip a leading innovative subsea and deepwater technology group.

Over the last fifteen years Steve has worked at the Steering Committee and Project Director level on capital intensive projects with values in excess of US$1 billion. Achievements in this time have included delivering consistent profitability, leading several alliance partnerships in major turnkey contracts and leading fast track projects to a completion within time and budget.

David Heydon comments, "We are very happy to have Stephen on board. His extensive deep water engineering and project management experience will round out our management team and provide us the skills to deliver on our goal of being the first company to mine copper and gold seafloor massive sulphides at our Solwara 1 Project. That Nautilus can attract a candidate of Stephen's calibre in the current environment where it is difficult to recruit quality employees in the offshore oil/gas industries further reinforces the quality of Nautilus' projects and our business model."

The Company has further granted a total of 400,000 options to one employee at a strike price of CAN$6.22 and 150,000 options to two contractors with a strike price of CAN$6.49. These options have a term of three years vesting as to 20% every six months for a period of 30 months starting six months after the date of grant.

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for gold - copper and zinc seafloor massive sulphide deposits and is positioned to become a world leader in underwater mineral exploration. The Company's main focus for 2007 is the Solwara Project, which is located in the territorial waters and EEZ of Papua New Guinea in the western Pacific Ocean and comprises 186,343Km2 exploration licenses and applications.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information