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Gold/Mining/Energy : NUSMF NAUTILUS MINERALS
NUSMF 0.00Dec 24 4:00 PM EST
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From: Savant6/18/2012 3:36:34 PM
   of 9
 
Nautilus Continues Discussions to Resolve Dispute With State of PNG

TORONTO, ONTARIO, Jun 18, 2012 (MARKETWIRE via COMTEX) -- Nautilus Minerals Inc.
("Company" or "Nautilus") (CA:NUS)(otcqx:NUSMF)(aim:NUS) announces that a number
of meetings have taken place with the Independent State of Papua New Guinea (the
State) over the last two weeks aimed at resolving the parties' dispute relating
to the Company's Solwara 1 project and discussions will continue until a
conclusion is reached.

On June 1, 2012 the Company initiated the dispute resolution process under an
agreement between Nautilus and the State signed in March 2011 (see links section
for full press release). Since then, senior representatives of Nautilus have met
with senior representatives of the State in order to resolve the dispute.

A further update will be provided as the matter progresses.
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