Nautilus Minerals Inc. Announces Resignation of Russell Debney as Chairman and Director

Nautilus Minerals Inc. is a Canada-based exploration stage company. The Company is engaged in the exploration and development of the ocean floor for copper and gold-rich seafloor massive sulphide deposits and for manganese, nickel, copper, and cobalt nodule deposits. The Company operates through mineral property exploration in Australasia. Its exploration activity involves the search for deepwater copper and gold-rich seafloor massive sulphides in the western Pacific Ocean and nodule deposits in the eastern Pacific Ocean. The Company's principal project is the Solwara 1 Project in Papua New Guinea (PNG) in the Bismarck Sea. The Company also holds prospective exploration acreage in the Western Pacific (granted and under application), as well as in international waters in the Central Pacific.