Nautilus Minerals Inc.

Nautilus Minerals Inc.

June 25, 2008 10:30 ET

Nautilus Continues 2008 Exploration Program

TORONTO, ONTARIO--(Marketwire - June 25, 2008) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") announces the continuation of its 2008 exploration program with the departure of the vessel, Nor Sky from Singapore at 07:15 hours today.

The 2008 exploration program will comprise a minimum of 165 days, with four 30-day extension options at Nautilus' discretion. Field work will focus on the Company's 100% owned tenements in Papua New Guinea ("PNG") and Tonga, using the proven equipment spread and techniques employed in the Company's highly successful 2007 exploration program.

Nautilus' CEO, Steve Rogers, commented: "The vessel Nor Sky provides the perfect platform for our 2008 exploration and development program. We are extremely excited about our ability to delineate seafloor massive sulphide systems and the prospects for adding to our project pipeline. Last year we discovered four new systems and drilled out the Solwara 1 deposit. This year, Nautilus' shareholders will see aggressive exploration over most of our 155,00km2 granted titles through our Nor Sky 08 program, and the other programs currently being undertaken by Teck Cominco Limited in both PNG and Tonga. We look forward to reporting on the results from these programs during the course of the year."

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.

Contact Information

  • Nautilus Minerals Inc. (Toronto)
    Investor Relations
    (416) 551-1100
    Nautilus Minerals Inc.
    Australian Project Office
    +61 (7) 3318 5555
    Numis Securities Limited (NOMAD)
    John Harrison/James Black
    + 44(0) 20 7260 1000