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Message: Currency Clarification

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Currency Clarification

posted on Mar 17, 09 11:26AM

March 17, 2009

Nautilus Minerals Inc.: Currency Clarification

TORONTO, ONTARIO--(Marketwire - March 17, 2009) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") clarifies that the $231.2 million in cash and cash equivalents held on deposit with major banks as of 31 December, 2008 is in US dollars (as announced in the Company's 2008 final results on March 16, 2008).

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and is currently developing its first project. The Company's main focus is the Solwara 1 Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. Nautilus is listed on the TSX and AIM stock exchanges, and has among its largest shareholders two of the world's leading international resource companies, Teck (6.8%) and Anglo American (11.1%). Metalloinvest, one of the largest and fastest growing mining and metallurgical holding companies in Russia, beneficially owns 21.0% of its shares through Gazmetall Holding (Cypress) Limited.

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