Nautilus Minerals NUSMF (NUSMF)

[johnsyn]

Tuesday, May 21, 2013
Hearing Date Set For Arbitration

Toronto Ontario, May 21, 2013 - Nautilus Minerals Inc. (TSX: NUS, OTCQX: NUSMF) (the "Company" or "Nautilus") announces that the hearing date for the arbitration commenced by the Independent State of Papua New Guinea against Nautilus has been set down for 26 August 2013.

At a directions hearing held in Sydney, Australia, the arbitrator of the dispute between the State of PNG and Nautilus, the Honourable Murray Gleeson AC QC, set the date for the hearing of the arbitration on 26 August 2013 and has set aside 10 days from that date in order to conclude the hearing, which is consistent with the Company's expectations.

Despite the date of the hearing having been fixed, Nautilus will continue to engage with the State in an effort to resolve matters amicably.

For more information please refer to www.nautilusminerals.com or contact:

Investor Relations
Nautilus Minerals Inc. (Toronto)
Email: [e-mail]
Tel: [phone]

Dahlman Rose & Co., LLC
Christopher R. Weekes
1301 Avenue of the America's
New York, NY 10019