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| ||December 21, 2007|
Additional Shares to be admitted to Trading
| ||Vancouver B.C., December 21, 2007 - Nautilus Minerals Inc. (TSX & AIM: NUS) (the "Company" or "Nautilus") is pleased to announce that further to the Company's announcement on December 20, 2007 regarding Teck Cominco Limited agreeing to exercise, 6 months early, its share purchase warrants to acquire 3,000,000 additional common shares of the Company at a price of US$5.00 (C$5.05, £2.47)* per share for a total of US$15 million, the Company has made application for 3,000,000 common shares to be admitted to AIM. The shares are expected to be admitted to trading on 28 December 2007.|
*Exchange rates used herein: C$1.00 equal to US$0.99 and £0.49.
About Nautilus Minerals Inc.
Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and is positioned to become an emerging producer in 2010. The Company's main focus for 2008 is the Solwara 1 Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. Nautilus is listed on the TSX and on AIM, and has among its largest shareholders three of the world's leading international resource companies, including Epion (22.4%), Teck Cominco (7.2%) and Anglo American (5.7%) shareholdings post the issuance of shares resulting from the exercise of the Teck Cominco warrants above.
For more information please refer www.nautilusminerals.com or contact:
Nautilus Minerals Inc. (Toronto)
Tel: +1 (416) 551 1100
Australian Project Office
Tel: +61 (7) 3318 5555
Numis Securities Limited (NOMAD)
John Harrison/James Black
Tel: + 44(0) 20 7260 1000
Conduit PR Ltd (UK Financial PR)
Arabella Hobbs/ Ed Portman
Tel: + 44(0) 20 7429 6610 / +44(0) 7833 926 694
Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release.
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