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Nautilus (NUS)

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Monday 18 June, 2012


Nautilus Continues Discussions to Resolve Dispu...



June 18, 2012

Nautilus Continues Discussions to Resolve Dispute With State of PNG

TORONTO, ONTARIO--(Marketwire - June 18, 2012) - Nautilus Minerals Inc. ("Company" or "Nautilus")
(TSX:NUS)(OTCQX:NUSMF)(AIM:NUS) announces that a number of meetings have taken place with the Independent State of Papua
New Guinea (the State) over the last two weeks aimed at resolving the parties' dispute relating to the Company's Solwara
1 project and discussions will continue until a conclusion is reached.

On June 1, 2012 the Company initiated the dispute resolution process under an agreement between Nautilus and the State
signed in March 2011 (see links section for full press release). Since then, senior representatives of Nautilus have met
with senior representatives of the State in order to resolve the dispute.

A further update will be provided as the matter progresses.


Certain of the statements made in this news release may contain forward-looking statements within the meaning of the
United States Securities Exchange Act of 1934 and forward-looking information within the meaning of applicable Canadian
securities law. Forward-looking statements and forward-looking information include, but are not limited to statements or
information with respect to the resolution of Nautilus' dispute with the State, the completion of the agreement and the
payment to Nautilus of the amounts provided for thereunder. We have made numerous assumptions about the material forward-
looking statements and information contained herein including good faith negotiation by the State, a shared
determination to resolve the dispute and the State's ability to pay the amounts due to Nautilus under the agreement with
respect to Solwara 1. Even though our management believes the assumptions made and the expectations represented by such
statements or information are reasonable, there can be no assurance that the forward-looking statement or information
will prove to be accurate. Forward-looking statements and information by their nature involve known and unknown risks,
uncertainties and other factors which may cause the actual results to be materially different from any future results
expressed or implied by such forward-looking statements or information. Such risks, uncertainties and other factors
include, among others, the risk that negotiations with Petromin are not produtive. Should one or more of these risks,
uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements and information. Although we have attempted to identify
factors that would cause actual results to differ materially from those described in forward-looking statements and
information, there may be other factors that cause actual results, performances, achievements or events not to be as
anticipated, estimated or intended. Also, many of the factors are beyond our control. There can be no assurance that
forward-looking statements or information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly you should not place undue reliance on forward-looking
statements or information. Except as required by law, we do not expect to update forward-looking statements and
information as conditions change and you are referred to the full discussion of the Company's business contained in the
Company's reports filed with the securities regulatory authorities in Canada.

About Nautilus Minerals Inc.

Nautilus is the first company to 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, where it is aiming to produce
copper, gold and silver. The company has been granted all necessary environmental and mining permits.

Nautilus also holds approximately 600,000 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 and AIM:NUS stock exchanges 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% interest and MB
Holdings, an Oman based group with interests in mining, oil & gas, which holds a 9.98% interest.



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


Numis Securities Limited
Alastair Stratton/Stuart Skinner
Nominated adviser
+ 44(0) 20 7260 1000


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


Dahlman Rose & Co., LLC
Christopher R. Weekes
+1 212 372 5766

Neither the TSX, London Stock Exchange, or the OTCQX accepts responsibility for the adequacy or accuracy of this press


Nautilus Minerals Inc.