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| ||June 21, 2007|
Transfer of Shares from Restricted Line (NUSR) to Unrestricted Line (NUS) on AIM
| ||Number 2007--21|
Vancouver B.C., June 21, 2007 -- Nautilus Minerals Inc. (TSXV: NUS, AIM:NUS & NUSR) (the "Company" or "Nautilus") announces the expiry of the trading restrictions on the Company's shares issued pursuant to its February 20, 2007 North American private placing that raised US$75 million, allowing the shares to be freely tradeable under the laws of both the United Kingdom and Canada.
The Company has made an application to the London Stock Exchange for the 20,344,850 shares currently trading on the AIM NUSR line (comprising all the shares issued in the North American private placing) 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 26, 2007.
Following the transfer, all of the Company's issued share capital of 130,166,284 shares 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. Nautilus is listed on the TSX Venture Exchange and on AIM, and has among its largest shareholders four of the world's largest international resource companies, Anglo American (6.4% holding), Teck Cominco (5.8%), Epion (16.8%) and Barrick Gold (3.7%).
For more information please refer www.nautilusminerals.com or contact:
Nautilus Minerals Inc. (Vancouver)
Tel: +1 (778) 785 7591
President & CEO
Mr. David Heydon
Tel: +1 (778) 785 7591
Numis Securities Limited (NOMAD)
John Harrison/James Black
Tel: +44 (0) 20 7260 1000
Clare Irvine/Justine Howarth
Tel: +44 (0) 20 7851 7480
Neither the TSXV nor the London Stock Exchange accept responsibility
for the adequacy or accuracy of this press release.
You can view the Next News Releases item: Fri Jun 22, 2007, Annual General Meeting Results
You can view the Previous News Releases item: Wed Jun 20, 2007, High Grade Assays Confirmed at Solwara 5, 6 and 7
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