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 Honour able 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: investor@nautilusminerals.com Tel: +1 (416) 551 1100 | Dahlman Rose & Co., LLC Christopher R. Weekes Direct: +1 212 372 5766 |
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| 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 |