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Press release from Marketwire

Nautilus Appoints Vice President Investor Relations and Communications

Thursday, December 16, 2010

Nautilus Appoints Vice President Investor Relations and Communications08:21 EST Thursday, December 16, 2010TORONTO, ONTARIO--(Marketwire - Dec. 16, 2010) -Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) has appointed a new Vice President of Investor Relations and Communications to manage market communications as the company moves into a new phase of growth and development.Joe Dowling, formerly General Manager of Investor Relations and Corporate Affairs at Lihir Gold Ltd, has been appointed to the position. He will be based at the Nautilus Minerals project office in Brisbane, and supported by the Company's representatives in Toronto.A widely experienced communications professional, Joe has been responsible for global corporate communications and investor relations at Lihir Gold during the past five years, as that company's market capitalisation increased five-fold to approximately $10 billion. He has extensive financial market experience, and led LGL's successful listing on the Toronto Stock Exchange in 2007.Nautilus CEO Stephen Rogers said he was delighted to have Joe join the senior management team. "His experience in global financial markets, and in the mining sector in Papua New Guinea, will be invaluable to Nautilus," said Mr Rogers.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 Anglo American (11.1%) and Teck Resources (6.8%), as well as Metalloinvest, one of the largest and fastest growing mining and metallurgical holding companies in Russia, which beneficially owns 21.0% of the Company's issued shares through Gazmetall Holding (Cyprus) Limited.FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsNautilus Minerals Inc. (Toronto)+1 (416) 551 1100investor@nautilusminerals.comwww.nautilusminerals.comORJoe DowlingNautilus Minerals Inc.Vice President Investor Relations and Communications+61 (7) 3318 5544 or Cell: +61 431 365 741jjd@nautilusminerals.comORJohn HarrisonNumis Securities LimitedNominated Adviser+ 44(0) 20 7260 1000ORJames BlackNumis Securities LimitedCorporate Broking+ 44(0) 20 7260 1000Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release.