Nautilus Minerals

Nautilus Minerals Inc. applied to admit 54,100 common shares, issued from option exercises, to trading on AIM and the Toronto Stock Exchange.

Teck Cominco has commenced an offshore exploration program over Nautilus Minerals' tenements in Papua New Guinea and Tonga, with rights to earn up to 50 per cent in joint ventures.

Nautilus Minerals reported 2007 annual results showing $214-million raised in equity placements, $310-million in cash, and 56 new exploration licences across the Pacific.

Nautilus Minerals released preliminary mineralogical and metallurgical results from a 1.2-tonne Solwara 1 drill-core sample, indicating a simple ore suited to commercial-grade copper concentrate production.

Nautilus Minerals released the world's first NI 43-101-compliant seafloor massive sulphide resource report for its Solwara 1 prospect in Papua New Guinea territorial waters.

Nautilus Minerals ended 2007 with $312 million (U.S.) in cash, equal to $2.15 (U.S.) per share on 145 million shares issued, after Teck Cominco's early warrant exercise.

Nautilus Minerals applied to list three million additional common shares on AIM after Teck Cominco exercised warrants early for $15-million (U.S.).

Teck Cominco exercised warrants for 3 million Nautilus Minerals shares at US$5 each, raising its stake to about 7.2 per cent.

Golder Associates completed the world's first NI 43-101-compliant resource estimate for a seafloor massive-sulphide deposit at Nautilus Minerals' Solwara 1 prospect in Papua New Guinea.

Nautilus Minerals awarded a roughly £33-million ($67.5-million CAD) contract to SMD to design and build two seafloor mining tools for its Solwara 1 project in PNG.