Mr. Mike Johnston reports

NAUTILUS MINERALS CHAIRMAN RETIRES

Nautilus Minerals Inc.'s A. Geoffrey Loudon has advised the board that he is retiring and will not stand for re-election at the upcoming annual general meeting on June 1, 2016.

Mr. Loudon has enjoyed a long history with Nautilus, having been chairman of the board of directors since the company listed on the Toronto Stock Exchange in 2006 and for the 10 years prior to that, having been a founding investor and active participant in the strategic development and growth of the company.

Nautilus's president and chief executive officer, Mike Johnston, commented: "I wish to thank Geoff for his steadfast dedication to the company and continued support of Nautilus's staff over these many years. We wish him all the best as he commences a well-deserved retirement."

As Mr. Loudon is retiring and not standing for re-election, the board of directors has, effective immediately, appointed Russell Debney as interim chairman in place of Mr. Loudon. Mr. Debney has been a director of the company since it listed in 2006. He was chairman of Nautilus Minerals Niugini Ltd. and Nautilus Minerals Oceania Ltd. prior to their acquisition by the company and, along with Mr. Loudon, has been involved with Nautilus almost since its inception. The directors have also resolved to fix the number of directors to be elected at the AGM at five.

The board of directors intends to embark upon a thorough recruitment process to appoint a new independent director to the board following the AGM.

In the meantime, the current members of the board of directors of the company who will stand for re-election at the AGM are as follows:

• Mr. Debney;
• Cynthia Thomas;
• Dr. Mohammed Al Barwani;
• Mark Horn;
• Tariq Al Barwani.

We seek Safe Harbor.