Nautilus Minerals AGM to Be Held June 1, 2016

TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") is to hold its Annual General Meeting (AGM) in Toronto, Ontario, on Wednesday, June 1, 2016.

The Company has today sent to shareholders its Annual Report, which contains the audited financial statements and Management's Discussion & Analysis for the year ended December 31, 2015, together with the meeting materials, being the notice of meeting, information circular and form of proxy.

The Annual Report and the meeting materials will be available on the Company's website at http://www.nautilusminerals.com/irm/content/shareholder-meetings.aspx?RID=385 and on the Company's profile page on SEDAR at www.sedar.com.

The Annual General Meeting will be held at the TMX Broadcast Centre Gallery, at 130 King Street West, Toronto, at 10:00 a.m. (Eastern Daylight Time) on the above date. The matters to be considered at the AGM are set forth in the notice of meeting and information circular. Shareholders as at the record date of April 25, 2016 will be entitled to vote their shares at the AGM.

For more information please refer to www.nautilusminerals.com.

About Nautilus Minerals Inc.

Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits. Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The Company has also been granted its environmental permit for this site.

Nautilus also holds highly prospective exploration acreage in the western Pacific (granted and under application), as well as in international waters in the Central Pacific.

A Canadian registered company, Nautilus is listed on the TSX:NUS stock exchange and trades on the OTCQX:NUSMF, and is also a member of the Nasdaq International Designation program. Its corporate office is in Brisbane, Australia. Its major shareholders include MB Holding Company LLC, an Oman based group with interests in mining, oil & gas, which holds a 27% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 15% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company's share loan plan).