Nautilus Minerals Inc.: Quarterly Project Update Conference Call and Webcast

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2008) - Nautilus Minerals Inc. (TSX: NUS.TO)(AIM: NUS) (the "Company" or "Nautilus") announces a Quarterly Project Update - Conference Call and Webcast to be held Tuesday June 24, 2008 at 10.00 AM EDT (Toronto), 3.00 PM GMT (London).

Webcast link:

http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=120113&eventID=188186

Dial-in numbers:

International Dial In: +61 2 8524 6650

Australia: 1800 148 258

Canada: 18668374489

Hong Kong: 800965808

Singapore: 8006162170

United Kingdom: 08000569662

United States of America: 18665862813

If your country dial-in number is not included here please email nmd@nautilusminerals.com.

A presentation to support the conference call will be posted on www.nautilusminerals.com for download by 9.00 AM EDT (Toronto) on June 24, 2008.

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and subject to timely permitting is positioning itself to become an emerging producer in 2010. 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 on AIM, and has among its largest shareholders two of the world's leading international resource companies, Teck Cominco (7.2%) and Anglo American (5.7%). Epion (22.4%) is controlled by the founder of Metalloinvest one of the largest and fastest growing mining and metallurgical holdings in Russia.

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

Contacts

Investor Relations
Nautilus Minerals Inc. (Toronto)
(416) 551 1100
Email: investor@nautilusminerals.com
Website: www.nautilusminerals.com

+61 (7) 3318 5555
Australian Project Office

John Harrison/James Black
Numis Securities Limited (NOMAD)
+ 44(0) 20 7260 1000