3/9/08

TONGA: New deep sea-bed mining exploration approved

A Canadian firm has won approval to begin exploring the deep sea-bedoff Tonga for high grade copper, gold, zinc and silver deposits -- inwhat could become one of Tonga's biggest mining operations. NautilusMinerals Tonga, which has been registered locally, will begin surveyingthe sea beginning in May.

Presenter - Adam Connors Speaker - Paula Taumoepeau, Country manager for Tonga's new arm of Natilus Minerals,

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http://www.radioaustralia.net.au/pacbeat/stories/s2154151.htm


Nautilus Minerals Inc ("Nautilus") is following the lead by the petroleum industry to tap vast offshore resources and is planning to mine high grade seafloor massive sulphide ("SMS") deposits of copper, zinc gold and silver.

Mine planning is well underway for the world's first seafloor copper gold mine in 1,500 metres of water at the Solwara 1 project in Bismarck Sea in PNG, 50kms north of Rabaul township.

The Company holds more than 370,000 km2 of tenement licences and exploration applications in the territorial waters of Papua New Guinea, Fiji, Tonga, the Solomon Islands and New Zealand along the western Pacific Ocean's Rim of Fire.

Listed on the Toronto (TSX) and London (AIM) exchanges, Nautilus has among its cornerstone shareholders three of the world's largest resource companies and its alliances and technical partnerships position it as the world leader in underwater exploration of SMS deposits.


Corporate Directory (as at Aug 10, 2007)

Directors
Geoffrey Loudon (Chairman)
David Heydon (President and CEO)
David De Witt
Russell Debney
Ardavan Farhad Moshiri

Company Secretary
Shontel Norgate

Registered Office
Nautilus Minerals Inc
Suite 1050
625 Howe Street
Vancouver, British Columbia
Canada V6C 2T6
T: +1 (416) 551-1100
F: +1 (416) 792-0871 Email: office@NautilusMinerals.com Australia Project Office
Nautilus Minerals Inc
Level 7, 303 Coronation Drive
Milton Queensland, Australia 4064
PO Box 1213, Milton Queensland, Australia 4064
T: +61 7 3318 5555
F: +61 7 3318 5500
Nominated Adviser and Broker
Numis Securities Limited
10 Paternoster Square
London EC4M 7LT
Switchboard +44 20 7260 1000
www.numiscorp.com Auditors & Reporting Accountants
PricewaterhouseCoopers LLP
700 - 250 Howe Street
Vancouver, British Columbia
Canada V6C 3B9

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