TIDMNUS
Nautilus Launches Exploration Program with Fugro
FOR: NAUTILUS MINERALS INC.
TSX, AIM SYMBOL: NUS
July 29, 2009
Nautilus Launches Exploration Program with Fugro
TORONTO, ONTARIO--(Marketwire - July 29, 2009) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the
"Company" or "Nautilus") announces it has signed agreements with Fugro to provide exploration services
for Nautilus' 2009 programs in Papua New Guinea ("PNG") and the Solomon Islands. The vessel MV Fugro
Solstice will be used to expand Nautilus' Seafloor Massive Sulphide ("SMS") prospect inventory within
its 100% owned Bismarck, Woodlark (Papua New Guinea) and Solomon Islands exploration licenses.
Stephen Rogers, Nautilus' CEO, commented: "We are very excited by the program we have planned in Papua
New Guinea and the Solomon Islands this year. Focusing on building our high grade SMS prospect
inventory, we will apply exploration techniques which we have refined each year since 2006. This is
the first time we have been supported by Fugro in our exploration effort and we look forward to
building a relationship founded on its strong global track record in the mining and oil and gas
sectors."
The contract with Fugro is for 124 days of services, mobilising from Singapore on approximately August
10, 2009. Nautilus has options to extend this initial period by up to 98 days. During this time, Fugro
will conduct target generation and target testing work. Target generation consists of regional
geophysical and geochemical surveys. Target testing consists of detailed geophysical surveys,
geological traversing and sampling of SMS prospects with a Remote Operated Vehicle ("ROV"). SMS
systems tend to occur in clusters on the seafloor. Amongst its many advantages, seafloor resource
production allows the aggregation of resources from multiple mineralised systems without the need for
significant additional capital. The primary objective of this program is to discover further
mineralised systems to support this business model.
MV Fugro Solstice is a 70.25 metre long, 2,397 tonne, DP2 (dynamically positioned), ROV support vessel
built in 2007. It is fitted with both Fugro's own navigation/positioning systems and 3,000 metre
capable, permanently installed FCV3000 ROV. The vessel and ROV will be used to deploy a range of
geophysical, geochemical and sampling instruments which represent a further step forward in the
advancement of Nautilus' SMS exploration techniques.
Links
Figure 1: www.nautilusminerals.com/i/photos/Fugro_Solstice.jpg
Figure 2: www.nautilusminerals.com/i/photos/FCV3000.jpg
Figure 3: www.nautilusminerals.com/i/misc/Location_map_FS2009_Program.pdf
About Fugro
Fugro is a global service provider in the collection and interpretation of data and the provision of
specialist support services related to the earth's surface, the world's oceans and the soil and rocks
beneath. The Company provides operational support and advice for activities related to the oil and gas
industry, the mining industry and the onshore and offshore construction industries.
As a global player in the provision of subsea support services the company provides specialist
vessels, ROV's and subsea engineering capabilities relating to all aspects of subsea exploration and
development.
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, Teck Resources (6.8%) and
Anglo American (11.1%). 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.
Forward-Looking Statements
Any statements made in this press release that are not statements of historical fact may constitute
"forward-looking statements", including those concerning the Company's goals, assumptions or
expectations. Forward-looking statements are subject to risks, uncertainties and other factors which
could cause actual results to differ including, but not limited to, the inherent risks involved in the
exploration and development of seafloor mineral properties, the uncertainties involved in interpreting
drill results and other exploration data, the potential for delays in exploration or development
activities, the geology, grade and continuity of mineral deposits, the possibility that future
exploration, development or mining results will not be consistent with the Company's expectations,
accidents, equipment breakdowns, labor disputes or other unanticipated difficulties with or
interruptions in production and operations, fluctuating metal prices, the possibility of project cost
overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of
financing needed in the future, the inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations,
regulatory restrictions, including environmental regulatory restrictions and liability and the lack of
any assurance that the Company will receive all of the necessary governmental approvals to proceed
with the development of Solwara Project, competition, loss of key employees, and other related risks
and uncertainties. These risks are generally outlined in the Company's disclosure filings with the
British Columbia Securities Commission. For more information on the Company, investors should review
the Company's public filings, available at www.sedar.com. The Company undertakes no obligation to
update forward-looking information except as required by applicable law. Such forward-looking
information represents management's best judgment based on information currently available. No forward-
looking statement can be guaranteed and actual future results may vary materially. Accordingly,
readers are advised not to place undue reliance on forward-looking statements or information.
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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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