Nautilus Awarded Exploration Tenements in Eastern Pacific
July 22 2011 - 8:32AM
UK Regulatory
TIDMNUS
Nautilus Awarded Exploration Tenements in Eastern Pacific
FOR: NAUTILUS MINERALS INC.
TSX, AIM SYMBOL: NUS
July 22, 2011
Nautilus Awarded Exploration Tenements in Eastern Pacific
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 22, 2011) - Nautilus Minerals' (TSX:NUS)(AIM:NUS) Tongan
subsidiary, Tonga Offshore Mining Ltd. ("TOML"), has become one of the first private sector organizations to be
granted exploration licences in the highly prospective Clarion Clipperton Zone ("CCZ") of the Eastern Pacific.
Sponsored by the Tongan Government, TOML has been granted approximately 75,000 km(2) of prime exploration
territory in the CCZ, which lies in international waters between Hawaii and Mexico.
As a result of exploration conducted in the 1980s, the CCZ is known to host significant deposits of
polymetallic nodules, which are golf ball sized nuggets, rich in copper, nickel, manganese and cobalt, lying on
the seafloor in water depths starting at 4500 metres.
The International Seabed Authority, which is the organization responsible for administering activity on the
seafloor in international territory, made the historic decision to grant the TOML licence at its annual meeting
in Jamaica this week. The licence is for an initial period of 15 years.
Nautilus CEO Steve Rogers said the award of the exploration permit presented exciting opportunities for the
long term growth and expansion of the company.
"At Nautilus, with our first project at Solwara 1 in the Bismarck Sea, we are adapting technologies to access
seafloor mineral resources in water depths of 1600 metres. Ultimately, we intend to seek to establish the
capacity to expand operations to undertake larger scale projects envisaged in the deeper waters of the CCZ.
"Nautilus is pleased to be at the forefront of development, working with industry and the scientific community
to establish methodologies and processes to develop these significant resources in ways that are socially and
environmentally responsible," he said.
The ISA previously has awarded eight exploration permits to government entities for polymetallic nodule
exploration, but has not previously granted licences to private sector organizations. TOML's application for
exploration permits represented "a new milestone in the life of the (International Seabed) Authority,"
according to ISA Secretary General Nii Allotey Odunton.
Links
Map of TOML's tenements: www.nautilusminerals.com/i/pdf/TOMLJuly2011.pdf
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 at Solwara 1, 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%) and Teck Resources (6.8%), as well as Metalloinvest, one of the largest and fastest growing mining and
metallurgical holding companies in Russia, which beneficially owns 21.0% of the Company's issued shares through
Gazmetall Holding (Cyprus) Limited.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Nautilus Minerals Inc.
Investor Relations
+1 (416) 551 1100
investor@nautilusminerals.com
OR
Nautilus Minerals Inc.
Joe Dowling
Vice President Investor Relations and Communications
+61 (7) 3318 5544 or Cell: +61 431 365 741
jjd@nautilusminerals.com
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 accepts responsibility for the adequacy or accuracy of this press
release.
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