Nautilus Minerals

Nautilus Minerals says development of its Solwara 1 seafloor copper-gold project off Papua New Guinea continues to advance despite the July 2007 end of talks with contractor Jan de Nul.

Nautilus Minerals' major shareholder Epion Holdings has agreed to buy 10,859,690 units at $3.60 in a private placement raising gross proceeds of US$39,094,884.

Nautilus Minerals confirmed a high-grade copper-gold deposit at its Solwara 1 seafloor prospect in Papua New Guinea after drilling 107 holes this year.

Nautilus Minerals completed the world's first commercial seafloor electromagnetic survey of copper-gold massive sulphides at its Solwara 1 project in Papua New Guinea.

Nautilus Minerals completed 92 drill holes at its Solwara 1 seafloor massive sulphide project in Papua New Guinea, with results due by year end 2007.

Nautilus Minerals reported a $6.2-million US net loss for Q2 2007 while advancing seafloor massive sulphide exploration in Papua New Guinea.

Nautilus Minerals Inc. will move its common shares from the TSX Venture Exchange to the Toronto Stock Exchange effective Friday, Aug. 24, 2007.

Nautilus Minerals reports it is debt free with approximately C$289 million in cash as of July 31, 2007, while its Solwara 1 exploration program is about 80 per cent complete.

Nautilus Minerals has been granted 11 new exploration licences covering 21,386 square kilometres in Papua New Guinea's territorial waters.

Nautilus Minerals appointed four senior managers, including offshore and onshore project managers, to develop its two-million-tonne-per-year Solwara 1 copper-gold project in Papua New Guinea.