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Press release from Marketwire

Nautilus Minerals Issues Options and Loan Shares

Tuesday, October 02, 2012

Nautilus Minerals Issues Options and Loan Shares07:23 EDT Tuesday, October 02, 2012TORONTO, ONTARIO--(Marketwire - Oct. 2, 2012) -Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS)(OTCQX:NUSMF) ("Nautilus" or "Company") has granted 900,000 options and issued 200,000 loan shares to its non-executive directors as their full remuneration for 2012. The options and loan shares were granted under the Company's Stock Option Plan and Share Loan Plan which were approved by shareholders in July, 2011, and which limit the total number of shares under the two plans to a combined maximum of 10% of the Company's issued capital. The two plans are described in the Company's Information Circular filed on SEDAR on June 29, 2011. The details regarding the options granted under the Stock Option Plan are as follows:NameNo. of OptionsExercise PriceVesting PeriodExpiry DateA. Geoffrey Loudon300,000C$0.9120% commencing on April 2, 2013 and 20% every six months thereafterOctober 2, 2015Mohammed Ali Al Barwani200,000C$0.9120% commencing on April 2, 2013 and 20% every six months thereafterOctober 2, 2015Cynthia Thomas200,000C$0.9120% commencing on April 2, 2013 and 20% every six months thereafterOctober 2, 2015Matthew Hammond200,000C$0.9120% commencing on April 2, 2013 and 20% every six months thereafterOctober 2, 2015Total options granted900,000The details regarding the loan shares issued under the Share Loan Plan are as follows:NameNo. of Loan SharesIssue PriceVesting PeriodLoan Expiry DateRussell Debney200,000C$0.9120% commencing on April 2, 2013 and 20% every six months thereafterOctober 2, 2015Total loan shares issued200,000For more information please refer to www.nautilusminerals.comAbout 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 km2of 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.