An anonymous director reports

NAUTILUS DELIVERS US$2 MILLION FINANCING NOTICE FOR AUGUST 2017

Pursuant to its subscription agreement with Mawarid Offshore Mining Ltd. and Metalloinvest Holding (Cyprus) Ltd. dated Aug. 21, 2016, as amended, Nautilus Minerals Inc. has delivered a financing notice dated July 21, 2017, to the investors in respect of a private placement of an aggregate of 11,761,682 common shares of the company at an issue price of 21.4 cents per share for aggregate proceeds to the company of $2-million (U.S.). The private placement will be allocated equally between the two investors.

In accordance with the subscription agreement, the issue price equals the five-day volume-weighted average trading price of the company's shares on the Toronto Stock Exchange immediately prior to the date of the financing notice, and the number of shares to be issued under the financing notice was calculated based on the daily U.S./Canadian-dollar exchange rate of 1.2585 posted by the Bank of Canada on the last business day prior to the date of the financing notice.

Closing of the private placement under the financing notice is required to occur during August, 2017, and within 10 business days following payment of the subscription proceeds by the investors to the company, pursuant to the subscription agreement.

The private placement forms part of the up to $20-million (U.S.) financing approved by the company's shareholders at the extraordinary general meeting of the company held on Oct. 26, 2016.

About Nautilus Minerals Inc.

Nautilus is the first company to explore the ocean floor for polymetallic sea floor massive sulphide deposits. Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The company has also been granted its environmental permit for this site.

Nautilus also holds highly prospective exploration acreage in the western Pacific (granted and under application), as well as in international waters in the central Pacific.

We seek Safe Harbor.