ENVIRONMENT: Nautilus submits statement for Solwara 1

PAPUA NEW GUINEA — Nautilus Minerals of Toronto has submitted the environmental impact statement for its Solwara 1 project to the government of Papua New Guinea (PNG). The next steps in the permitting process for the world's first seafloor copper-gold mine are public hearings.

PNG has a well-established environmental permitting process for mineral projects. Review and public consultation of the environmental assessment will now progress over the coming months. During this time, as part of the permitting process, Nautilus will continue to conduct community outreach and consultation activities as it has done for the last two years.

To enhance transparency, and provide access to information, Nautilus will launch its "Nautilus CARES" (Community Accountable, Responsible Environmentally and Safe) website very shortly. The website will provide information on the EIS, including the full EIS report, background information and commonly asked questions and answers. Please visit www.NautilusMinerals.com and follow the link to the CARES website.