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Press release from Marketwire

Nautilus Issues Options

Thursday, August 26, 2010

Nautilus Issues Options09:20 EDT Thursday, August 26, 2010TORONTO, ONTARIO--(Marketwire - Aug. 26, 2010) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") announces that it has granted 900,000 options to non-executive directors as their full remuneration for 2010.The options were granted under the Company's Stock Option Plan which was approved by shareholders and limits the total number of shares under option to 10% of the Company's issued capital.The details regarding the options granted are as follows: --------------------------------------------------------------------------- No. of Exercise Name Options Price Vesting Period Expiry Date --------------------------------------------------------------------------- Geoffrey Loudon 300,000 C$2.31 20% every six August 25, months commencing 2013 February 25, 2011 --------------------------------------------------------------------------- David De Witt 200,000 C$2.31 20% every six August 25, months commencing 2013 February 25, 2011 --------------------------------------------------------------------------- Cynthia Thomas 200,000 C$2.31 20% every six August 25, months commencing 2013 February 25, 2011 --------------------------------------------------------------------------- Matthew Hammond 200,000 C$2.31 20% every six August 25, months commencing 2013 February 25, 2011 --------------------------------------------------------------------------- Total options granted 900,000 --------------------------------------------------------------------------- About Nautilus Minerals Inc.Nautilus is the first company to commercially explore the ocean floor for polymetallic 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 AIM stock exchanges, and has among its largest shareholders two of the world's leading international resource companies, Teck Resources (6.8%) and Anglo American (11.1%). 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 (Cyprus) Limited.FOR FURTHER INFORMATION PLEASE CONTACT: Nautilus Minerals Inc. (Toronto) Investor Relations +1 (416) 551 1100 investor@nautilusminerals.com www.nautilusminerals.com or Nautilus Minerals Inc. Australian Project Office +61 (7) 3318 5555 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.