Nautilus Update Regarding Previously Announced Unsolicited

Nautilus Update Regarding Previously Announced Unsolicited Take-Over
TORONTO, ONTARIO -- (Marketwire) -- 01/14/13 -- The Board of
Directors of Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(AIM:NUS)
(the "Company" or "Nautilus"), advises that management of the Company
continues to seek detailed information respecting the bid that
Michael Bailey discussed in his daily press releases last week.  
Nautilus has been advised by representatives of the Company's two
largest shareholders, Metalloinvest, which holds an interest of 21%
and MB Holding which holds an interest of 16.9% in the Company, that
they have not been approached by Mr. Bailey concerning the offer
announced in his January 7 press release.  
Furthermore, given the unusual events to date, and the knowledge that
a similar offer has been announced by Mr. Bailey in the past (see
Links section for details), the Board of Directors is unable to make
any determination regarding the validity of the offer.  
The Board of Directors will consider the unsolicited offer, if and
when it is formally made, and maintains its advice to shareholders
not to take any action in respect of such offer until shareholders
have received further communication from the Board.  
In the meantime, the Nautilus management team remains focused on
maximising shareholder value by delivering on the Company's primary
objective, being the development of the world's first seafloor
copper-gold project. 
For more information please refer to 
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 more than 500,000 km2 of highly prospective
exploration acreage in the western Pacific; in PNG, the Solomon
Islands, Fiji, Vanuatu and Tonga, as well as in international waters
in the eastern Pacific.  
A Canadian registered company, Nautilus is listed on the TSX:NUS and
AIM:NUS stock exchanges and OTCQX:NUSMF. Its corporate office is in
Brisbane, Australia. Its major shareholders include Metalloinvest,
the largest iron ore producer in Europe and the CIS, which has a 21%
holding, global mining group Anglo American, which holds an 11.1%
interest and MB Holdings, an Oman based group with interests in
mining, oil & gas, which holds a 16.9% interest.   
Neither the TSX, London Stock Exchange, nor the OTCQX accepts
responsibility for the adequacy or accuracy of this press release. 
Nautilus Minerals Inc. (Toronto)
Investor Relations
+1 (416) 551 1100 
Numis Securities Limited
Nominated adviser: Alastair Stratton/Stuart Skinner
Corporate broking: James Black
+ 44(0) 20 7260 1000 
Dahlman Rose & Co., LLC
Christopher R. Weekes
1301 Avenue of the Americas
New York, NY 10019
Direct: +1 212 372 5766
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