SMD Strategic Metals Ltd New

Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF) (the "Company" or "Nautilus")
announces that the assembly of its third and final Seafloor Production Tool
("SPT"), the Auxiliary Cutter ("AC"), has this week commenced at Soil Machine
Dynamics' ("SMD") facility at Newcastle upon Tyne, UK. 


Nautilus' CEO, Mike Johnston said "we are pleased that the assembly of the AC,
the third and final of the three SPTs has now commenced, with the arrival of the
chassis at the SMD facility. The next milestone for the SPTs will be the
commencement of Factory Acceptance Testing on the already assembled Bulk Cutter
("BC"). We look forward to reporting on this progress next month". 


The AC will weigh in at 250 tonnes when fully assembled. The AC is a preparatory
machine that deals with rough terrain and creates benches for the other SPTs to
work. It will operate on tracks with spud assistance and has a boom mounted
cutting head for flexibility. 


Subsea vehicle designer and manufacturer, SMD of Newcastle upon Tyne, UK, is the
company responsible for building the SPTs for Nautilus. 


How they will work: 

The excavation and collection of mineralised material has been split into three
individual tasks, which will each be carried out by a different SPT. The AC is
designed as the pioneering tool which prepares the rugged seabed for the more
powerful BC. These two tools gather the excavated material; the other, the
Collecting Machine, will collect the cut material by drawing it in as seawater
slurry with internal pumps and pushing it through a flexible pipe to the subsea
pump and on to the Production Support Vessel via the Riser and Lift System. 


Links: 

An animation of the seafloor production system and a video showing the assembly
of the Bulk Cutter can be viewed on the Company's website:
www.nautilusminerals.com/s/Investors-MediaCoverage.asp 


Assembly of Bulk Cutter completed:
http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=647179 


Collecting Machine assembly commences:
http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=655649 


Auxiliary Cutter assembly picture:
http://www.nautilusminerals.com/i/photos/auxiliary_cutter.jpg 


For more information please refer to www.nautilusminerals.com. 

Neither the TSX nor the OTCQX accepts responsibility for the adequacy or
accuracy of this press release. 


Certain of the statements made in this news release may contain forward-looking
statements within the meaning of the United States Securities Exchange Act of
1934 and forward-looking information within the meaning of applicable Canadian
securities law. Forward-looking statements and forward-looking information
include, but are not limited to completion of the assembly of the Auxiliary
Cutter, the commencement of Factory Acceptance Testing on the Bulk Cutter and
the future operation of the seafloor production system by the Company. We have
made numerous assumptions about the forward-looking statements and information
contained herein. Please refer to the Company's most recently filed Annual
Information Form in respect of material assumptions and risks relevant to
forward looking information related to the prospects of extracting minerals from
the seafloor. Even though our management believes the assumptions made and the
expectations represented by such statements or information are reasonable, there
can be no assurance that the forward-looking statement or information will prove
to be accurate. Forward-looking statements and information by their nature
involve known and unknown risks, uncertainties and other factors which may cause
the actual results to be materially different from any future results expressed
or implied by such forward-looking statements or information. Should one or more
of the risks, uncertainties or other factors listed in the Company's Annual
Information Form materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in forward-looking
statements and information. Although we have attempted to identify factors that
would cause actual results to differ materially from those described in
forward-looking statements and information, there may be other factors that
cause actual results, performances, achievements or events not to be as
anticipated, estimated or intended. Also, many of the factors are beyond our
control. Accordingly you should not place undue reliance on forward-looking
statements or information. Except as required by law, we do not expect to update
forward-looking statements and information as conditions change and you are
referred to the full discussion of the Company's business contained in the
Company's reports filed with the securities regulatory authorities in Canada. 


About Nautilus Minerals Inc. 

Nautilus is the first company to explore the ocean floor for polymetallic
seafloor massive sulphide deposits. Nautilus was granted the first mining lease
for such deposits at the prospect known as Solwara 1, in the territorial waters
of Papua New Guinea, where it is aiming to produce copper, gold and silver. The
company has also been granted its environmental permit for this site. 


Nautilus also holds approximately 500,000 km2 of highly prospective exploration
acreage in the western Pacific; in PNG, the Solomon Islands, Fiji, Vanuatu and
Tonga, as well as in international waters in the eastern Pacific. 


A Canadian registered company, Nautilus is listed on the TSX:NUS stock exchange
and OTCQX:NUSMF. Its corporate office is in Brisbane, Australia. Its major
shareholders include MB Holding Company LLC, an Oman based group with interests
in mining, oil & gas, which holds a 28.14% interest, Metalloinvest, the largest
iron ore producer in Europe and the CIS, which has a 20.89% holding and global
mining group Anglo American, which holds a 5.99% interest (each on a non-diluted
basis, excluding loan shares outstanding under the Company's share loan plan). 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations
Nautilus Minerals Inc. (Toronto)
+1 (416) 551 1100
investor@nautilusminerals.com
www.nautilusminerals.com


Principal American Liaison
Cowen and Company
599 Lexington Avenue
New York, NY 10022
otcqxrequest@cowen.com

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