Nautilus Minerals Inc. announced that the company has received a loan from Deep Sea Mining Finance Ltd. in the principal amount of USD 300,000 under the previously announced loan agreement (the "Loan Agreement") between the Company, two of its subsidiaries and the Lender which provides for a secured structured credit facility of up to USD 34 million. Pursuant to the Loan Agreement, the company has issued to the Lender an additional 1,288,660 warrants of the Company in connection with the USD 300,000 loan. Each such warrant entitles the Lender to purchase one common share of the Company at a price of CAD 0.17 for a period of five years from the date of issuance of the warrant. The loans are being provided to fund the Company's working capital requirements and enable the Company to continue the advancement of the Solwara 1 Project while the Company seeks, with the assistance of its financial advisors, the remaining project financing of up to approximately USD 350 million required to complete the development of the Solwara 1 Project.