Nautilus Minerals Inc.: Annual General Meeting Results

Nautilus Minerals Inc. is releasing the results of its annual general meeting held today.

AGM results

The following matters were approved at the meeting as set out in the company’s information circular dated May 14, 2007:

Geoffrey Loudon, David De Witt, David Heydon, Russell Debney and A. Farhad Moshiri were elected as directors of the company. PricewaterhouseCoopers LLP was reappointed the auditor of the company. A new 10-per-cent rolling stock option plan that replaces the company’s existing 20-per-cent fixed stock option plan was approved and the shareholders further approved the replacement of the new stock option plan with a further 10-per-cent rolling stock option plan in the form required by the Toronto Stock Exchange effective at the time of listing on the Toronto Stock Exchange (if and when the listing occurs).

• Geoffrey Loudon, David De Witt, David Heydon, Russell Debney and A. Farhad Moshiri were elected as directors of the company.
• PricewaterhouseCoopers LLP was reappointed the auditor of the company.
• A new 10-per-cent rolling stock option plan that replaces the company’s existing 20-per-cent fixed stock option plan was approved and the shareholders further approved the replacement of the new stock option plan with a further 10-per-cent rolling stock option plan in the form required by the Toronto Stock Exchange effective at the time of listing on the Toronto Stock Exchange (if and when the listing occurs).

Grant of options

The company has granted 440,000 options to 11 employees of the company effective from June 21, 2007, at a price of $6.38 for a term of three years vesting as to 20 per cent every six months for a period of 30 months starting six months from the date of grant.

New director

Directorships and partnerships held

by Mr. Moshiri in the last five years:

Forestrealm Ltd.;

Global Natural Energy PLC;

GNE Group Ltd.;

Middlesex Energy Ltd.;

Middlesex OEMK Ltd.;

Cygnet Metals Ltd.;

Middlesex Steel Ltd.;

Global Natural Energy Retail Ltd.;

Flenwood Ltd.;

GNE Capital Ltd.;

Petrol Express Ltd.;

Corona Energy Holdings Ltd.;

Corona Energy Ltd.;

Corona Energy Retail 3 Ltd.;

Corona Energy Retail 4 Ltd.;

MK Airlines Ltd.;

Northern Maritime Property;

Investments Ltd.;

Minster Pharmaceuticals PLC (formerly

Riceman Insurance Investments PLC);

Oskmet (DRI) Ltd.;

Oskmet (UK) Ltd.; and

OAO Mikhailovsky GOK.

Current directorships and partnerships held by Mr. Moshiri: 56 Randolph Avenue Ltd.; Wolff Steel Ltd.;

Afon Tinplate Company Ltd.;

Europe Steel PLC;

CIS Ventures PLC;

Tercelet Terrace Management Ltd.;

Cortland Trading Ltd.;

Gallagher Holdings Ltd.;

Epion Holdings Ltd.;

OAO Lebedinsky GOK;

OAO Ural Steel;

OAO OEMK;

ZAO Gazmetall;

ZAO Metalloinvest; and

OOO UK Metalloinvest.

There is no further information, in connection with his appointment, which is required to be disclosed in accordance with Rule 17 and Schedule 2(g) of the Alternative Investment Market’s rules for companies.