TORONTO, ONTARIO--(Marketwire - Oct. 10, 2012) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS)(OTCQX:NUSMF) ("Nautilus" or "Company") has granted 225,000 stock options and issued 3,800,000 loan shares to its employees, including officers, and to its executive director.

The options and loan shares were granted under the Company's Stock Option Plan and Share Loan Plan which were approved by shareholders and limit the total number of shares under the two plans to a combined maximum of 10% of the Company's issued capital. The grant of these options and loan shares are part of the Company's long term incentive/retention plan for employees.

The details regarding the options granted under the Stock Option Plan are as follows:

Name No. of
Employees 225,000 C$1.01 April 9, 2015 April 9, 2016

The details regarding the loan shares issued under the Share Loan Plan are as follows:

Name No. of
Stephen Rogers 500,000 C$1.01 April 9, 2015 April 9, 2016
Other employees, including officers 3,300,000 C$1.01 April 9, 2015 April 9, 2016
Total loan shares issued 3,800,000

Following the grant of the options and issue of the loan shares described in this Press Release, the issued capital of Nautilus is as follows:

Security Type No.
Common Shares (including loan shares) 238,097,865
Options 7,255,000
Fully Diluted 245,352,865

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 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) 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 11.1% interest and MB Holdings, an Oman based group with interests in mining, oil & gas, which holds a 16.9% interest.

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

Contact Information:

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

Numis Securities Limited
Nominated adviser: Alastair Stratton/Stuart Skinner
Corporate broking: James Black
+ 44(0) 20 7260 1000

Dahlman Rose & Co., LLC
Christopher R. Weekes
1301 Avenue of the America's
New York, NY 10019
Direct: +1 212 372 5766