Ms. Mary Skafidas of Loews reports

LOEWS CORPORATION TRADES SHARES OF NAUTILUS MINERAL INC.

On April 8, 2016, Loews Corp. acquired 34,972,795 common shares of Nautilus Mineral Inc. in a rights offering at a price of 15 cents per share for a total purchase price of $5,245,919.25. The shares acquired in the rights offering represented approximately 5.52 per cent of the issued and outstanding common shares of Nautilus and increased Loews's participation in the share capital of Nautilus to approximately 10.01 per cent. Subsequently, Loews disposed of ownership and control of a number of common shares of Nautilus such that its participation in the share capital of Nautilus has been reduced below 10 per cent. The shares were disposed of through the facilities of the Toronto Stock Exchange.

The foregoing transactions in common shares of Nautilus by Loews were made for investment purposes only, and Loews may from time to time acquire or dispose ownership of, or control or direction over, additional securities of Nautilus for investment purposes.

This news release is being issued under the early warning provisions of Canadian provincial securities legislation. Loews has filed an early warning report in respect of the disposition and acquisition of the shares on SEDAR under Nautilus's company profile.