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Press release from Marketwire

Nautilus Minerals Issues Stock Options and Loan Shares

Wednesday, October 10, 2012

Nautilus Minerals Issues Stock Options and Loan Shares07:08 EDT Wednesday, October 10, 2012TORONTO, ONTARIO--(Marketwire - Oct. 10, 2012) -Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS)(OTCQX:NUSMF) ("Nautilus" or "Company") has granted 225,000 stock options and issued 3,800,000 loan shares to its employees, including officers, and to its executive director.The options and loan shares were granted under the Company's Stock Option Plan and Share Loan Plan which were approved by shareholders and limit the total number of shares under the two plans to a combined maximum of 10% of the Company's issued capital. The grant of these options and loan shares are part of the Company's long term incentive/retention plan for employees.The details regarding the options granted under the Stock Option Plan are as follows:NameNo. of OptionsExercise PriceVesting DateExpiry DateEmployees225,000C$1.01April 9, 2015April 9, 2016The details regarding the loan shares issued under the Share Loan Plan are as follows:NameNo. of Loan SharesIssue PriceVesting DateLoan Expiry DateStephen Rogers500,000C$1.01April 9, 2015April 9, 2016Other employees, including officers3,300,000C$1.01April 9, 2015April 9, 2016Total loan shares issued3,800,000Following the grant of the options and issue of the loan shares described in this Press Release, the issued capital of Nautilus is as follows:Security TypeNo.Common Shares (including loan shares)238,097,865Options7,255,000Fully Diluted245,352,865About 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 more than 500,000 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 11.1% interest and MB Holdings, an Oman based group with interests in mining, oil & gas, which holds a 16.9% interest.FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsNautilus Minerals Inc. (Toronto)+1 (416) 551 1100investor@nautilusminerals.comwww.nautilusminerals.comORNominated adviser: Alastair Stratton/Stuart SkinnerNumis Securities LimitedCorporate broking: James Black+ 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.