Nautilus Minerals Inc.

Nautilus Minerals Inc.

July 26, 2011 12:30 ET

Nautilus Minerals 2011 AGM Voting Results

TORONTO, ONTARIO--(Marketwire - July 26, 2011) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) announces the results of its Annual General Meeting ("AGM") held today in Toronto, Ontario, at which 72% of the issued shares were represented Shareholders voted strongly in favour of all resolutions brought before them.

AGM – Report of Voting Results

The Company provides the following report on the voting results of the matters considered at the AGM, the particulars of which are set out in more detail in the Company's Information Circular, filed on SEDAR on June 29, 2011:

  • Number of Directors: The shareholders approved re-setting the number of Directors of the Company at six (6).
  • Election of Directors: Geoffrey Loudon, David De Witt, Stephen Rogers, Russell Debney, Matthew Hammond and Cynthia Thomas were re-elected as Directors of the Company for the ensuing year.
  • Appointment and Remuneration of Auditor: PricewaterhouseCoopers LLP were re-appointed the auditor of the Company for the ensuing year and the Directors were authorised to fix their remuneration.
  • Adoption of Stock Option Plan: The shareholders approved the Company's amended and restated 10% rolling stock option plan.
  • Adoption of Share Loan Plan: The shareholders approved the Company's share loan plan, which is an equity-based compensation scheme for the Company's Australian resident directors, officers and employees.

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for polymetallic seafloor massive sulphide deposits and is developing its first project at Solwara 1, 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 Anglo American (11.1%) and Teck Resources (6.8%), as well as Metalloinvest, one of the largest and fastest growing mining and metallurgical holding companies in Russia. Metalloinvest beneficially owns 21.0% of the Company's issued shares through Gazmetall Holding (Cyprus) Limited.

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

Contact Information

  • Nautilus Minerals Inc.
    Investor Relations
    +1 (416) 551 1100

    Nautilus Minerals Inc.
    Joe Dowling
    Vice President Investor Relations and Communications
    +61 (7) 3318 5544 or Cell: +61 431 365 741

    Numis Securities Limited
    John Harrison
    Nominated adviser
    + 44(0) 20 7260 1000

    Numis Securities Limited
    James Black
    Corporate broking
    + 44(0) 20 7260 1000