Mr. Christopher Weekes reports

NAUTILUS MINERALS INC.: HEARING DATE SET FOR ARBITRATION

The hearing date for the arbitration commenced by the Independent State of Papua New Guinea against Nautilus Minerals Inc. has been set down for Aug. 26, 2013.

At a directions hearing held in Sydney, Australia, the arbitrator of the dispute between the state of PNG and Nautilus, Murray Gleeson, AC, QC, set the date for the hearing of the arbitration on Aug. 26, 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.