Nautilus Minerals

Nautilus Minerals Inc. issued a correction to its AGM results announcement, updating the list of directors re-elected by shareholders.

Nautilus Minerals shareholders approved all resolutions at the company's AGM held June 25, 2009, in London, including director elections and auditor reappointment.

Nautilus Minerals reported high-grade copper, gold, zinc and silver assay results from phase one of its 2009 Tongan exploration program on its 100-per-cent-owned prospecting licences.

Nautilus Minerals completed phase one of its 2009 Tongan exploration program, identifying 12 water column anomalies and recovering high-grade sulphide samples assaying up to 9.1% copper and 34.9% zinc.

Nautilus Minerals said operating costs for the Solwara 1 offshore production system are expected to range from $50 to $65 per tonne as cost-reduction and permitting work continues.

Nautilus Minerals discovered a new high-grade base and precious metal zone about 250 metres north of its Solwara 1 resource in Papua New Guinea's territorial waters.

Nautilus Minerals reported unaudited first-quarter 2009 results, holding $215.3-million (U.S.) in cash as of March 31, 2009.

Nautilus Minerals said the mining warden's hearing for the Solwara 1 mining lease was successfully completed on April 2, 2009, in Kavieng, Papua New Guinea.

Nautilus Minerals Inc. clarified that the $231.2-million in cash and cash equivalents it held with major banks as of Dec. 31, 2008, is denominated in U.S. dollars.

Nautilus Minerals reported audited 2008 results showing $231.2 million in cash and cash equivalents held on deposit as at Dec. 31, 2008.