Nautilus completes assembly of the SSLP and commences FAT

Nautilus Minerals Inc. (TSX:NUS, OTCQX:NUSMF, OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces that the Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%) has been advised that Factory Acceptance Testing (“FAT”) on the Subsea Slurry and Lift Pump (“SSLP”) has commenced at the GE Oil & Gas manufacturing facility in Houston, USA.

Mike Johnston, Nautilus' CEO, commented, "The SSLP is a key element of the Solwara 1 Joint Venture’s seafloor production system, enabling us to transfer the mineralized material as a slurry from the seafloor to the Production Support Vessel (“PSV”) with no interaction with the overlying water column. We look forward to successfully completing FAT on the SSLP and taking delivery of the pump later this year.”

SSLP: What does it do?

The SSLP and riser system transfer the mineralized material as slurry from the deep ocean up onto the PSV, where the mineralized solids are removed. The return water is then filtered to 8 microns, and transferred back down to the pump via the auxiliary riser pipes where it is released back into the same environment from which it originally came.

GE Oil and Gas produces positive displacement pumps like the SSLP for the offshore oil and gas industry, where amongst other things, they are used to help limit the environmental impacts of drill cuttings in deep water drilling operations by helping recover the cuttings for eventual storage on land.

Nautilus is proud to have GE Oil and Gas as a key service provider to the Solwara 1 Project. To read more on GE Oil & Gas please visit their website at: http://www.geoilandgas.com

Links:

http://www.nautilusminerals.com/IRM/PDF/1534/NautilusSubseaSlurryandLiftPumpbuildtorecommence
An animation of how the seafloor production system works can be viewed on the Company's website: www.nautilusminerals.com/irm/content/video-gallery.aspx?RID=421

Location: Canada