Nautilus Minerals Inc. reported unaudited consolidated results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported a net loss of $7,355,325 or $0.05 per basic and diluted share versus net loss of $38,404,352 or $0.26 per basic and diluted share in the same period last year. Loss before non-controlling interest was $7,360,136 compared to $38,435,132 for the same period previous year. Cash used in operating activities for the period was $5,236,857 and expenditure on purchase of equipment was $808,437 compared to cash used in operating activities of $6,492,119 and expenditure on purchase of equipment of $3,397,417 for the same period previous year. For the nine months, the company reported a net loss of $12,729,126 or $0.08 per basic and diluted share versus net loss of $46,419,738 or $0.32 per basic and diluted share in the same period last year. Loss before non-controlling interest was $12,755,305 compared to $46,757,163 for the same period previous year. Cash used in operating activities for the period was $21,346,299 and expenditure on purchase of equipment was $1,613,793 compared to cash used in operating activities of $16,432,674 and expenditure on purchase of equipment of $9,109,828 for the same period previous year.

Nautilus Minerals Inc. announced the appointment to the Board of Mr. Matthew Charles Perrins Hammond as a Non-Executive Director following the resignation from the Board of Mr. Farhad Moshiri, both Board changes effective immediately. Mr. Hammond is the Group Strategist at Metalloinvest Holdings, where he has responsibility for part of the non-core asset portfolio.

Nautilus Minerals Inc. announced that it has entered into a Port Upgrade and Operations Deed with PNG Ports Corporation Limited that provides Nautilus with a secure right to port handling capacity for 1.5 million tones of ore per year for three years with an option to commence operations as early as January 1, 2012. The Deed also provides Nautilus with the exclusive right to enter into a license agreement to use the hardstand area of the Rabaul port for the Solwara 1 ore stockpiles. When Nautilus commences production from its Solwara 1 project, recovered ore will be shipped from the offshore site to Rabaul for temporary stockpiling prior to shipment for treatment overseas.