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Nautilus Announces Deferral of Solwara 1 Mining System Equipment Build

December 22, 2008

Toronto Ontario, December 17, 2008 – Nautilus Minerals Inc. (TSX & AIM: NUS) (the “Company” or “Nautilus”) today announces it has decided to adopt a more cautious strategy and to preserve its strong cash position by delaying the construction of the equipment for the Solwara 1 mining system. This decision is driven both by the challenges and opportunities presented by the unprecedented speed and severity of the global economic downturn and the uncertainty in the financial and commodity markets. The Company will continue to move forward with permitting for its Solwara 1 Project, as well as with various engineering and testing activities. In addition, the Company will continue with its focused exploration program to increase its resource base.

Full Press Release Here

~Southern Fried Scientist

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    Andrew is a graduate student in North Carolina studying deep sea biology. When not in the lab, he spends his time out on the water, usually swearing at his boat while simultaneously sacrificing some important tool to Poseidon in a desperate attempt to make the motor start. That is, assuming he can get his truck running long enough to actually put the boat in the water. He enjoys long walks on the beach, by necessity. Follow him on Twitter @SFriedScientist.


    David is a graduate student in South Carolina studying shark conservation. He is the author of the upcoming book “Why Sharks Matter: Using New Environmentalism to Show The Economic And Ecological Importance of Sharks, The Threats They Face, and How You Can Help”. His time is divided between educating the public about sharks, spending days at a time at sea playing with sharks, and eating horribly unhealthy foods. Follow him on Twitter @WhySharksMatter.

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    Amy is a graduate student in North Carolina studying local ecological knowledge within the blue crab fishery. She spends half her life studying the most charismatic of organisms - humans - and the estuaries on which they depend. While not contemplating grand social theories, she enjoys a good jam session and watching sunsets over the estuary. Follow her on Twitter @bgrassbluecrab.

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