Mr. Mike Johnston reports

NAUTILUS MINERALS ANNOUNCES FINANCIAL RESULTS FOR Q3 2014

Nautilus Minerals Inc. has released its unaudited consolidated financial statements for the third quarter ended Sept. 30, 2014, together with its management's discussion and analysis.

Key highlights:

• Nautilus enters into vessel charter;
• Nautilus satisfies intellectual property condition precedent to agreement with Papua New Guinea's nominee;
• Solwara 1 project advanced with mechanical and hydraulic assembly of the auxiliary cutter and collecting machine continuing during the quarter;
• $29.2-million (U.S.) in cash and cash equivalents as at Sept. 30, 2014.

"Having last month secured the intellectual property rights required by our agreement with the nominee of the independent state of Papua New Guinea, we are delighted that we have recently secured a vessel charter with experienced vessel provider, Marine Assets Corp.," said Nautilus's chief executive officer, Mike Johnston. "We now look forward to the signing of the shipbuilding contract(i) and the release of $113-million (U.S.) from escrow. We appreciate the continued support we have received from Eda Kopa (Solwara) Ltd., our joint venture partner and together with them, look forward to working with Marine Assets Corp. and the shipyard in seeing the delivery of our first vessel and making seafloor mining a reality."

(i) Marine Assets is to enter into a shipbuilding contract with Fujian Mawei Shipbuilding Ltd., to design and construct the vessel in accordance with Nautilus's specifications by no later than Nov. 28, 2014.

The financial statements and management's discussion and analysis will be filed on SEDAR and will be available on the company's website.

Investor update

The company will hold an investor update on Wednesday, Nov. 19, 2014, at 10 a.m. Eastern Standard Time.

Conference call details

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

Australia:  1-800-801-825

Canada:  1-855-842-3490

United Kingdom:  0800-0150-9725

United States:  1-855-298-3404

Attendee passcode:  7799823

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 Wednesday, Nov. 19, 2014.

We seek Safe Harbor.