Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS)(OTCQX:NUSMF) (the "Company" or "Nautilus") announces the release of its unaudited consolidated financial results for the third quarter ended September 30, 2012 (the "Financial Statements") together with Management's Discussion and Analysis.

Significant Events:

--  $90.9 million (equivalent) in cash and cash equivalents as at September
    30, 2012 
--  Issue of Options and Loan Shares 
--  Issue of 37.7 million shares in private placement to raise approximately
    C$34 million 
--  NI 43-101 Resource Report for Polymetallic Nodules in the Eastern
    Pacific released 
--  Change of CEO 
--  Discovery of two high grade systems in Tonga 
--  Termination of Equipment Build for Solwara 1 Project

The Financial Statements and Management's Discussion and Analysis have been filed on www.sedar.com and are also available on the Company's website www.nautilusminerals.com/s/Investors-Financials.asp.

Links

http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=557207

For more information please refer to www.nautilusminerals.com.

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 more than 500,000 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 11.1% interest and MB Holdings, an Oman based group with interests in mining, oil & gas, which holds a 16.9% interest.

Neither the TSX, London Stock Exchange, nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release.

Contacts: Nautilus Minerals Inc. (Toronto) Investor Relations +1 (416) 551 1100investor@nautilusminerals.com www.nautilusminerals.com Numis Securities Limited Nominated adviser: Alastair Stratton/Stuart Skinner Corporate broking: James Black + 44(0) 20 7260 1000 Dahlman Rose & Co., LLC Christopher R. Weekes 1301 Avenue of the America's New York, NY 10019 +1 212 372 5766