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Press release from Marketwire

Nautilus Grants Incentive Stock Options

Tuesday, September 07, 2010

Nautilus Grants Incentive Stock Options09:37 EDT Tuesday, September 07, 2010TORONTO, ONTARIO--(Marketwire - Sept. 7, 2010) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") announces that it has granted 200,000 incentive stock options to a non-executive director of the Company as remuneration for work undertaken in 2010. The options granted are the same number and price as for the other non-executive directors as announced August 26, 2010.The options were granted under the Company's Stock Option Plan which was approved by shareholders. The details regarding the options granted are as follows: ---------------------------------------------------------------------------- No. of Exercise Name Options Price Vesting Period Expiry Date ---------------------------------------------------------------------------- 20% every six months commencing Russell Debney 200,000 C$2.31 March 2, 2011 September 2, 2013 ---------------------------------------------------------------------------- Total options granted 200,000 ---------------------------------------------------------------------------- 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 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 www.nautilusminerals.com or Australian Project Office +61 (7) 3318 5555 or Numis Securities Limited Nominated adviser: John Harrison Corporate broking: James Black + 44(0) 20 7260 1000 Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release.