The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Nautilus Announces Resignation of John O'Reilly, Non-Executive Director

Monday, April 19, 2010

Nautilus Announces Resignation of John O'Reilly, Non-Executive Director02:00 EDT Monday, April 19, 2010TORONTO, ONTARIO--(Marketwire - April 19, 2010) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") announces that it has accepted the resignation of Mr John O'Reilly from its Board effective Friday, 16 April 2010. Mr O'Reilly joined the Board of Nautilus in November 2007.Geoffrey Loudon, Nautilus' Chairman commented: "John has made a valuable contribution to the development of the Company's operations. The Board has benefited from John's significant industry experience and leadership. We would like to thank him for the contribution he has made to Nautilus' progress to date and wish him well for the future."Following the resignation of Mr O'Reilly, the members of the Company's Board of Directors are as follows: -- A. Geoffrey Loudon (Chairman and Non-Executive Director) -- Stephen Rogers (President, CEO and Executive Director) -- David De Witt (Non-Executive Director) -- Russell Debney (Non-Executive Director) -- Matthew Hammond (Non-Executive Director). The Company is in the process of a search to fill the Non-Executive Director position and is currently in discussions with a number of high calibre applicants.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 currently developing its first project. The Company's main focus 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 two of the world's leading international resource companies, Anglo American (11.1%) and Teck Resources (6.8%). Metalloinvest, one of the largest and fastest growing mining and metallurgical holding companies in Russia, beneficially owns 21.0% of its shares through Gazmetall Holding (Cypress) Limited. For more information please refer www.nautilusminerals.com.FOR FURTHER INFORMATION PLEASE CONTACT: Nautilus Minerals Inc. (Toronto) Investor Relations +1 (416) 551 1100 investor@nautilusminerals.com or Australian Project Office +61 (7) 3318 5555 www.nautilusminerals.com or Numis Securities Limited John Harrison Nominated adviser + 44(0) 20 7260 1000 or Numis Securities Limited James Black Corporate broking + 44(0) 20 7260 1000 Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release.