TORONTO, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the
"Company" or "Nautilus") announces that Mr Adam Wright, VP PNG Operations has resigned from
the Company, effective 26th February 2018.
Nautilus’ CEO Mike Johnston commented, “Over the past three and a half years, Adam has played a significant role in
the key areas of project management, stakeholder and government engagement and corporate social responsibility. We would like to
thank him for the valuable contributions he has made to Nautilus’ progress to date and wish him well in his future
endeavours.”
For more information please refer to www.nautilusminerals.com or contact:
Investor Relations
Nautilus Minerals Inc. (Toronto)
Email: investor@nautilusminerals.com
Tel: +1 416 551 1100
The TSX does not accept responsibility for the adequacy or accuracy of this press release.
Certain of the statements made in this news release may contain forward-looking information within the meaning of
applicable securities laws, including statements with respect to the Company's funding requirements, expectations to receive
additional bridge loans and enter into a credit facility, and the continued development of the Solwara 1 Project. We have made
numerous assumptions about such statements; including assumptions relating to the Company’s funding requirements, project funding,
and completion and operation of the Company's seafloor production system. Even though our management believes the assumptions made
and the expectations represented by such statements are reasonable, there can be no assurance that they will prove to be accurate.
Forward-looking information by its nature involves known and unknown
risks, uncertainties and other factors which may cause the actual results to be materially different from
any future results expressed or implied by such forward-looking information. Please refer to our most recently filed Annual
Information Form in respect of material assumptions and risks related to the prospects of extracting minerals from the seafloor and
other risks relating to the Company's business and plans for development of the Solwara 1 Project. Risks related to continuing the
Company's operations and advancing the development of the Solwara 1 Project include the risk that the Company will be unable to
obtain at all or on acceptable terms, and within the timeframes required, the remaining financings necessary to fund completion of
the build, testing and deployment of the Company's seafloor production system, that the Company will be unable to rectify or
arrange for the rectification of the default under the shipbuilding contract for the construction of the Production Support Vehicle
(as announced on 11 December 2017) and that agreements with third party contractors for building slots within certain timeframes
are not secured as required. As the Company has not completed an economic study in respect of the Solwara 1 Project, there can be
no assurance that the Company's production plans will, if fully funded and implemented, successfully demonstrate that seafloor
resource production is commercially viable. Except as required by law, we do not expect to update forward-looking statements and
information as conditions change and you are referred to the full discussion of the Company's business contained in the Company's
reports filed with the securities regulatory authorities in Canada.
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits.
Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of
Papua New Guinea, where it is aiming to produce copper, gold and silver. The Company has also been granted its environmental permit
for this site.
Nautilus also holds highly prospective exploration acreage in the western Pacific (granted and under application),
as well as in international waters in the Central Pacific.
A Canadian registered company, Nautilus is listed on the TSX:NUS stock exchange and is also a member of the Nasdaq International
Designation program. Its corporate office is in Brisbane, Australia. Its major shareholders include MB Holding Company LLC, an Oman
based group with interests in mining, oil & gas, which holds a 29.3% interest and Metalloinvest, the largest iron ore producer in
Europe and the CIS, which has a 18.5% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company’s
share loan plan).
