Nautilus Minerals Inc.

Nautilus Minerals Inc.

June 06, 2007 10:32 ET

Nautilus Minerals Inc.: Transfer of Shares from Restricted Line (NUSR) to Unrestricted Line (NUS) on AIM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2007) - Nautilus Minerals Inc. (TSX VENTURE:NUS)(AIM:NUS)(AIM:NUSR) (the "Company" or "Nautilus") is pleased to announce that trading restrictions on the Company's shares issued on February 2, 2007 pursuant to the Company's private placement and admission to AIM and the shares issued pursuant to the Company's private placements prior to the AIM listing have now expired, allowing the shares to be freely tradeable under the laws of both the United Kingdom and Canada.

The Company has made application to the London Stock Exchange for 63,744,198 shares (comprising 27,438,606 shares from the AIM private placement, along with 36,305,592 other shares which were previously the subject of trading restrictions on the date of the AIM listing), to be transferred from the Company's restricted line under AIM (NUSR) to the Company's unrestricted line (NUS). The transfer is expected to become effective on June 11, 2007.

Following the transfer, the Company's issued share capital of 130,166,284 shares will comprise 20,344,850 shares which will be the subject of trading restrictions on both AIM and the TSX Venture Exchange and will continue to trade on the AIM NUSR line, and 109,821,434 shares which will trade on the Company's unrestricted NUS line.

The remainder of the Company's restricted stock is expected to be transferred to the unrestricted line when trading restrictions arising from the Company's February 20, 2007 North American private placing expire on June 21, 2007, at which time all stock will be freely tradeable on both AIM and the TSX Venture Exchange, subject to compliance with the requirements of any applicable US securities laws.

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for high grade gold-copper-zinc-silver 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 1 Project, located in the territorial waters of Papua New Guinea in the western Pacific Ocean. The four largest shareholders of the Company are resource companies Anglo American, Teck Cominco, Epion and Barrick Gold.

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

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