Nautilus Nautilus Aims to Resolve Dispute

 
TIDMNUS 
 
Nautilus Aims to Resolve Dispute 
FOR:  NAUTILUS MINERALS INC. 
 
TSX SYMBOL:  NUS 
OTCQX SYMBOL:  NUSMF 
AIM SYMBOL:  NUS 
 
July 17, 2012 
 
Nautilus Aims to Resolve Dispute 
 
TORONTO,   ONTARIO--(Marketwire   -  July  17,  2012)  -  Nautilus  Minerals  Inc.   (the   "Company"   or   "Nautilus") 
(TSX:NUS)(OTCQX:NUSMF)(AIM:NUS)  announces that in addition to preparing its  response  to  the  Notice  of  Arbitration 
received from the Independent State of Papua New Guinea (the "State"), it continues to attempt to work with the State in 
an effort to resolve matters amicably. 
 
Nautilus and the State have agreed on the appointment of former Chief Justice of the High Court of Australia, the Honourable 
Murray  Gleeson  AC  QC,  as  the  arbitrator. The arbitration will be conducted in  Sydney,  Australia  under  UNCITRAL 
Arbitration  Rules,  and  may take several months to conclude, provided that Nautilus and  the  State  comply  with  the 
timetable  set  by  the arbitrator and otherwise act in accordance with the Rules. The State has on 13  July  2012  also 
issued the Company with a Second Notice of Arbitration in relation to disputes concerning certain statements made by the 
parties  and  whether such statements were made in accordance with the Agreement dated 29 March 2011. The  Company  will 
respond to the Second Notice in accordance with the Arbitration Rules. 
 
A resolution of this matter outside of the arbitration process will have to be ratified by the State's National Executive 
Counsel ("NEC"), pursuant to a recommendation by the State's nominated team. State elections are currently underway  and 
it could be some months before a new NEC is formed and is able to meet. 
 
Nautilus confirms its preference is to resolve matters without going through an arbitration process and it is taking steps to 
meet with the State's representatives with the aim of achieving this outcome. 
 
The Company will provide a further update as the matter progresses. 
 
Certain of the statements made in this news release may contain forward-looking statements within the meaning of the United 
States  Securities  Exchange  Act  of 1934 and forward-looking information within the  meaning  of  applicable  Canadian 
securities law. Forward-looking statements and forward-looking information include, but are not limited to statements or 
information with respect to the resolution of Nautilus' dispute with the State. We have made numerous assumptions  about 
the  material forward-looking statements and information contained herein including good faith negotiation by the  State 
and  a  shared  determination to resolve the dispute. Even though our management believes the assumptions made  and  the 
expectations  represented by such statements or information are reasonable, there can be no assurance that the  forward- 
looking  statement or information will prove to be accurate. Forward-looking statements and information by their  nature 
involve  known  and unknown risks, uncertainties and other factors which may cause the actual results to  be  materially 
different  from any future results expressed or implied by such forward-looking statements or information.  Such  risks, 
uncertainties  and  other factors include, among others, the risk that negotiations with the State are  not  productive. 
Should  one  or more of these risks, uncertainties or other factors materialize, or should underlying assumptions  prove 
incorrect,  actual  results  may  vary materially from those described in forward-looking  statements  and  information. 
Although we have attempted to identify factors that would cause actual results to differ materially from those described 
in  forward-looking  statements  and information, there may be other factors that cause  actual  results,  performances, 
achievements  or  events  not  to be as anticipated, estimated or intended. Also, many of the  factors  are  beyond  our 
control.  There can be no assurance that forward-looking statements or information will prove to be accurate, as  actual 
results and future events could differ materially from those anticipated in such statements. Accordingly you should  not 
place undue reliance on forward-looking statements or information. Except as required by law, we do not expect to update 
forward-looking  statements  and information as conditions change and you are referred to the  full  discussion  of  the 
Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. 
 
About Nautilus Minerals Inc. 
 
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits and is developing 
its  first  project at Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to  produce  copper, 
gold and silver. The company has been granted all necessary environmental and mining permits. 
 
Nautilus also holds approximately 600,000 km2 of highly prospective exploration acreage in the western Pacific; in PNG, the 
Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific. 
 
A Canadian registered company, Nautilus is listed on the TSX:NUS and AIM:NUS stock exchanges and OTCQX:NUSMF. Its corporate 
office  is in Brisbane, Australia. Its major shareholders include Metalloinvest, the largest iron ore producer in Europe 
and  the  CIS, which has a 21% holding, global mining group Anglo American, which holds an 11% interest and MB Holdings, 
an Oman based group with interests in mining, oil & gas, which holds a 9.98% interest. 
 
 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Nautilus Minerals Inc. (Toronto) 
Investor Relations 
[phone] 
[e-mail] 
www.nautilusminerals.com 
 
OR 
 
Numis Securities Limited 
Alastair Stratton/Stuart Skinner 
Nominated adviser 
+ 44(0) 20 7260 1000 
 
OR 
 
Numis Securities Limited 
James Black 
Corporate broking 
+ 44(0) 20 7260 1000 
 
OR 
 
Dahlman Rose & Co., LLC 
Christopher R. Weekes 
Direct: [phone] 
 
Neither  the TSX, London Stock Exchange nor the OTCQX accepts responsibility for the adequacy or accuracy of this  press 
release. 
 
 
 
 
Nautilus Minerals Inc.