Nautilus Minerals Inc. (NUSMF: OTCQX International) | Nautilus Minerals Announces Release of Annual Results


Nautilus Minerals Announces Release of Annual Results

Mar 15, 2013

OTC Disclosure News Service

Toronto, ONT, Canada

Nautilus Minerals Announces Release of Annual Results

Toronto Ontario, March 15, 2013 

Nautilus Minerals Inc. (TSX: NUS, OTCQX: NUSMF) (the

“Company” or “Nautilus”) announces the release of its audited consolidated financial statements for

the year ended December 31, 2012, together with Management’s Discussion and Analysis.

“It has been a challenging year” said Nautilus Mineral’s interim CEO, Mike Johnston. “The decision

made by the Board in relation to the Solwara 1 Project late last year was a difficult but appropriate

one (see links section for full press release) with Nautilus retaining US$57.8 million in cash as at

December 31, 2012. The Project remains 55% complete, with some aspects, such as the collecting

machine, being up to 70% complete.”

Despite this setback, the Company remains committed to maximizing shareholder value by achieving

its objective of developing the world’s first commercial seafloor copper-gold project and launching the

deep water seafloor resource production industry, whilst maintaining an environmentally and socially

responsible approach.

Mr Johnston added, “Clearly our immediate and primary focus is to achieve an amicable resolution to

the dispute with the State of Papua New Guinea. However, in parallel we continue to explore

opportunities for fast tracking the development of our additional assets which include 19 identified

prospects in Tonga, the most recent being the high grade discoveries in the north-east Lau Basin.”


The Financial Statements and Management’s Discussion and Analysis have been filed on and are also available on the Company’s website

For more information please refer to or contact:

Investor Relations

Nautilus Minerals Inc. (Toronto)


Tel: +1 (416) 551 1100

Dahlman Rose Co., LLC

Christopher R. Weekes

1301 Avenue of the America’s

New York, NY 10019

Direct: +1 212 372 5766

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 more than 500,000 km2 of highly prospective exploration acreage in the western Pacific; in PNG, the

Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific.

A Canadian registered company, Nautilus is listed on the TSX:NUS stock exchange and OTCQX: NUSMF. Its corporate

office is in Brisbane, Australia. Its major shareholders include Metalloinvest, the largest iron ore producer in Europe and

the CIS, which has a 21% holding, global mining group Anglo American, which holds an 11.1% interest and MB Holdings,

an Oman based group with interests in mining, oil gas, which holds a 16.9% interest.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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