TORONTO, ONTARIO--(Marketwire - March 23, 2012) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) today filed two updated technical reports relating to the Company's Pacific tenements and prepared in accordance with NI 43-101 standards:
- Nautilus Minerals Incorporated, NI43-101 Technical Report 2011, PNG, Tonga, Fiji, Solomon Islands, New Zealand, Vanuatu and the ISA (the "2012 Technical Report"); and
- Mineral Resource Estimate, Solwara Project, Bismarck Sea, PNG (the "Solwara Report")
The Solwara Report, prepared principally by Ian Lipton of Golder Associates Pty Ltd was originally released on December 29, 2011. It has been updated to incorporate all the information previously reported annually for the Company's Bismarck Sea properties in a separate technical report [Jankowski et al 2010] and recent assay results.
The 2012 Technical Report was prepared by Phil Jankowski, an Associate Consultant of SRK Consulting (Australasia) Pty Ltd. It reports on all of the Company's non-Bismarck Sea exploration properties.
The reports have been filed on SEDAR www.sedar.com and are available from the Company's website at www.nautilusminerals.com/s/Investors-Financials.asp.
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 gold, copper 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 and AIM stock exchanges and has its corporate office in Brisbane, Australia. Its major shareholders include Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 21% holding, and global mining group Anglo American, which holds an 11% interest.
Neither the TSX nor the London Stock Exchange accepts responsibility for the adequacy or accuracy of this press release.