Toronto Ontario, May 7, 2013 - Nautilus Minerals Inc. (TSX: NUS, OTCQX: NUSMF) (the "Company" or "Nautilus") announces the release of its unaudited consolidated financial results for the first quarter ended March 31, 2013 (the "Financial Statements") together with Management's Discussion and Analysis.
First quarter 2013 highlights:
Prospectus filed for C$40M Rights Offering
US$36.6 million (equivalent) in cash and cash equivalents as at March 31, 2013
Solwara 1 Project advanced
"Despite the setbacks in 2012, the Company has continued to advance the Solwara 1 Project and in particular, its three key contracts through a C$40M Rights Offering." said Nautilus CEO Mike Johnston. "While the arbitration process is continuing and an outcome is expected in Q3 2013, it has been Nautilus' preference to resolve the dispute with the State by agreement and with that aim Nautilus has taken steps to meet with senior representatives of the State, including discussions with National Executive Council Ministers. Nautilus continues to engage with the State in an effort to resolve matters amicably."
The Financial Statements and Management's Discussion and Analysis have been filed on www.sedar.com and are also available on the Company's website
www.nautilusminerals.com/s/Investors-Financials.asp
For more information please refer to www.nautilusminerals.com or contact:
Investor Relations
Nautilus Minerals Inc. (Toronto)
Email: investor@nautilusminerals.com
Tel: +1 (416) 551 1100
Dahlman Rose & Co., LLC
Christopher R. Weekes
1301 Avenue of the America's
New York, NY 10019
Direct: +1 212 372 5766
