Poseidon

Nautilus Minerals reported further high-grade copper and gold drill assays from its 2007 Solwara 1 program in Papua New Guinea's territorial waters, including 11.4 metres at 11.1% Cu and 6.5 g/t Au.

Nautilus Minerals released unaudited third-quarter 2007 results showing $262-million (U.S.) in cash, a $12.4-million (U.S.) net loss and 11 new Papua New Guinea exploration licences.

Nautilus Minerals will release 10,473,140 common shares from escrow on Nov. 9, 2007 following its move to the Toronto Stock Exchange.

Nautilus Minerals mailed shareholders a notice and information circular for a Nov. 26, 2007 meeting to approve its private placement to Epion Holdings Ltd.