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Press release from Marketwire

Nautilus Receives Final Proceeds From First Tranche of Private Placement

Tuesday, August 07, 2012

Nautilus Receives Final Proceeds From First Tranche of Private Placement12:31 EDT Tuesday, August 07, 2012TORONTO, ONTARIO--(Marketwire - Aug. 7, 2012) - Nautilus Minerals Inc ("Company" or "Nautilus")(TSX:NUS)(OTCQX:NUSMF)(AIM:NUS) has received a further C$0.5 million in gross proceeds from the issue of the first tranche of shares forming part of the non-brokered private placement announced last week.The 555,556 shares issued today completes the first tranche of a C$34 million capital raise involving the issue of approximately 37.7 million shares at a share price of C$0.90.The remaining shares (approximately 20.6 million) are to be issued following receipt of final regulatory approval.Application has been made to the AIM market of the London Stock Exchange for the 555,556 shares to be admitted to trading on August 13, 2012. The shares will also be listed for trading on the Toronto Stock Exchange. Following this issue of shares, the Company will have 213,465,483 shares in issue.Further details of the private placement are available on the Nautilus website: http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=539896&_Type=News-Releases&_Title=Nautilus-to-raise-funds-and-continue-equipment-build http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=540296&_Type=News-Releases&_Title=Nautilus-Closes-First-Tranche-of-Private-Placement Certain of the statements made in this news release may contain forward-looking statements within the meaning of the United States Securities Exchange Act of 1934 and forward-looking information within the meaning of applicable Canadian securities law. Forward-looking statements and forward-looking information include, but are not limited to statements or information with respect to the completion of the private placement. We have made numerous assumptions about the material forward-looking statements and information contained herein, including among other things, that TSX will accept the private placement including the creation of a new insider, being the principal beneficial owner of Mawarid. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Forward-looking statements and information by their nature involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking statements or information. Such risks, uncertainties and other factors include, among others, the private placement is not successfully concluded by some or all parties or that regulatory approval in respect of the private placement is not received. Should one or more of these risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements and information. Although we have attempted to identify factors that would cause actual results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actual results, performances, achievements or events to not be as anticipated, estimated or intended. Also, many of the factors are beyond our control. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly you should not place undue reliance on forward-looking statements or information. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of Nautilus' business contained in Nautilus' reports filed with the securities regulatory authorities in Canada.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 copper, gold 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:NUS and AIM:NUS stock exchanges and OTCQX:NUSMF. Its corporate office is in Brisbane, Australia. Its major shareholders include Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 21% holding, global mining group Anglo American, which holds an 11% interest and MB Holdings, an Oman based group with interests in mining, oil & gas, which holds a 9.98% interest.FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsNautilus Minerals Inc. (Toronto)+1 (416) 551 1100investor@nautilusminerals.comwww.nautilusminerals.comORAlastair Stratton/Stuart SkinnerNumis Securities LimitedNominated Adviser+ 44(0) 20 7260 1000ORJames BlackNumis Securities LimitedCorporate Broking+ 44(0) 20 7260 1000ORChristopher R. WeekesDahlman Rose & Co., LLC1301 Avenue of the America'sNew York, NY 10019Direct: +1 212 372 5766Neither the TSX, London Stock Exchange, nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release.