TIDMNUS
Nautilus Granted Environmental Permit Approval in Principle for Solwara 1
FOR: NAUTILUS MINERALS INC.
TSX, AIM SYMBOL: NUS
September 11, 2009
Nautilus Granted Environmental Permit Approval in Principle for Solwara 1
TORONTO, ONTARIO--(Marketwire - Sept. 11, 2009) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the
"Company" or "Nautilus") is pleased to announce that the Department of Environment and Conservation
("DEC") of Papua New Guinea ("PNG") has granted "Approval in Principle" of the Solwara 1 Project
Environmental Permit.
Signed yesterday by the Hon. Benny Allen MP, Minister for Environment and Conservation, the "Approval
in Principle" signals the completion of rigorous internal and independent external reviews of the
proposed development by the DEC.
Steve Rogers, Nautilus' CEO, commented: "This is a major milestone for both the Solwara 1 development
and the seafloor resource production industry as a whole. The approval is testament to the positive
environmental and social aspects of seafloor mineral production, as well as to the project design.
Timing of the approval process has met our expectations to date. We are looking forward to working
with the PNG Government to deliver this project."
Working with the appropriate government departments and agencies, the next steps for Nautilus are to
negotiate the Development Agreement required for the grant of the Mining Lease and prepare the draft
project Environmental Management Plan.
The Solwara 1 project represents positive step changes in the environmental and social aspects of
copper extraction. With the high copper grades of seafloor massive sulphide ("SMS") systems and
minimal overburden, very little waste will be produced. The proposed extraction area is only 0.11
square kilometres representing a small footprint on the earth's surface. More importantly, there is no
displacement of people from the mine site and there will be minimal impact on other resource
utilisation options as a result of the development.
The Solwara 1 production system is designed to eliminate impact to the surface and mid-layers of the
ocean (other than the presence of a vessel and barges). Nautilus will implement robust operational
measures to minimise impact to the seafloor environment and enhance the time for recovery of the site
when operations are complete.
For more information on Nautilus Minerals in PNG, please visit:
www.cares.nautilusminerals.com/papuacountryprofile.aspx.
About Nautilus Minerals Inc.
Nautilus is the first company to commercially explore the ocean floor for polymetallic 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 Anglo American (11.1%), Teck
Resources (6.8%) and 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 (Cyprus)
Limited.
FOR FURTHER INFORMATION PLEASE CONTACT:
Nautilus Minerals Inc. (Toronto)
Investor Relations
+1 (416) 551 1100
investor@nautilusminerals.com
OR
Nautilus Minerals Inc.
Australian Project Office
+61 (7) 3318 5555
www.nautilusminerals.com
OR
Numis Securities Limited
John Harrison
Nominated adviser
+ 44(0) 20 7260 1000
OR
Numis Securities Limited
James Black
Corporate broking
+ 44(0) 20 7260 1000
Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of
this press release.
Nautilus Minerals Inc.
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