Former Companies

The Toronto Stock Exchange approved Nautilus Minerals Inc.'s US$39 million private placement to Epion Holdings Ltd., subject to shareholder approval by Dec. 25, 2007.

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.