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Message: Mining Warden's Hearing Completed
| April 8, 2009 |
| Nautilus: Mining Warden's Hearing Completed |
| TORONTO, ONTARIO--(Marketwire - April 8, 2009) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") announces that the Mining Warden's hearing for the Solwara 1 mining mease (MLA154) was successfully held in accordance with section 108 of the Papua New Guinea Mining Act, on Thursday, April 2, 2009, in Kavieng, New Ireland Province, Papua New Guinea ("PNG"). The Mining Warden will now prepare his formal report on the submissions made at the hearing, and report to the Mining Advisory Board. Stephen Rogers, Nautilus' CEO commented: "The completion of the Mining Warden's hearing marks another key milestone for the Solwara 1 Project. The Company looks forward to continuing to work closely with the relevant government departments, provincial governments, and key stakeholders to ensure that the Mining Lease approval process continues to progress smoothly." About Nautilus Minerals Inc. Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and is currently developing its first project. The Company's main focus is the Solwara 1 Project, which is located 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, Teck (6.8%) and Anglo American (11.1%). Metalloinvest, one of the largest and fastest growing mining and metallurgical holding companies in Russia, beneficially owns 21.0% of its shares through Gazmetall Holding (Cypress) Limited. |
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