Nautilus Minerals Inc.
TSX : NUS
OTCQX : NUSMF

Nautilus Minerals Inc.

June 01, 2016 12:00 ET

Nautilus Minerals AGM Voting Results

TORONTO, ONTARIO--(Marketwired - June 1, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces the results of its Annual General Meeting (AGM) held today in Toronto, Ontario, at which 26.28% of the issued shares were represented. Shareholders voted strongly in favour of all resolutions brought before them.

Russell Debney, Nautilus' Chairman said "I am delighted with the progress we have made in the past year on the build of the seafloor production equipment. We accepted delivery of the Seafloor Production Tools, commenced Factory Acceptance Testing on the Subsea Slurry Lift Pump while also progressing the build of our Production Support Vessel which now has over 88% of the steel cut."

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 May 3, 2016:

  • Election of Directors: Russell Debney, Cynthia Thomas, Dr Mohammed Al Barwani, Tariq Al Barwani and Mark Horn 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.

The proxy results of voting in respect of the directors were as follows:

Mohammed Al Barwani
Votes For: 99.61%
Votes Withheld: 0.39%
Russell Debney
Votes For: 99.70%
Votes Withheld: 0.30%
Tariq Al Barwani
Votes For: 99.61%
Votes Withheld: 0.39%
Cynthia Thomas
Votes For: 99.52%
Votes Withheld: 0.48%
Mark Horn
Votes For: 99.82%
Votes Withheld: 0.18%

Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release.

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).

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