An anonymous director reports

NAUTILUS MINERALS TERMINATES AGREEMENT WITH THE STATE

Contrary to the arbitrator's award of Oct. 2, 2013, Papua New Guinea has not completed the purchase of its 30-per-cent interest in Nautilus Minerals Inc.'s Solwara 1 project.

In accordance with the state equity option agreement signed by the parties in March, 2011, Nautilus has terminated the agreement and will now claim damages.

Nautilus continues to seek an amicable resolution of the dispute with the state.

The company will hold an investor conference call and audio/webcast on Tuesday, Feb. 18, 2014, at 10 a.m. Eastern Standard Time.

Conference call details

Dial-in numbers:

International dial-in:  61-2-8524-5042

Australia:  1800-801-825

Canada:  1-855-842-3490

United Kingdom:  0800-0150-9725

United States:  1-855-298-3404

Attendee passcode:  9863707

If your country dial-in number is not included here please e-mail the company.

A presentation to support the conference call will be posted on the company's website for download by 9:30 a.m. EST (Toronto) on Tuesday, Feb. 18, 2014.