Nautilus announces the results of its Annual General Meeting

Nautilus Minerals Inc. announces the results of its Annual General Meeting (AGM) and additional matters as set forth below.

AGM — Report of Voting Results

Pursuant to section 11.3 of Canadian National Instrument 51-102 — Continuous Disclosure Obligations, the Company provides the following report on the voting results of the matters considered at the AGM, the particulars of which are set out in more detail in the Company’s Information Circular, dated April 14, 2008:

Number of Directors: The shareholders approved setting the number of directors of the Company at six (6).

Election of Directors: Geoffrey Loudon, David De Witt, David Heydon, Russell Debney, Farhad Moshiri and John O’Reilly were elected as directors of the Company for the ensuing year.

Appointment and Remuneration of Auditor: PricewaterhouseCoopers LLP were re-appointed the auditor of the Company for the ensuing year and the directors were authorised to fix their remuneration.

Amended Stock Option Plan: An amended 10% “rolling” stock option plan that replaces the Company’s existing 10% “rolling” stock option plan was approved to facilitate the administration of the Company’s stock options on a going forward basis.

None of the matters considered at the AGM required the vote to be conducted by ballot.

New CEO and President

The Company announced on April 14, 2008 that, as part of the Company’s succession plan, Stephen Rogers had been selected as the Company’s new President and CEO.

The transition with David Heydon, the Company’s outgoing President and CEO, has been completed and the Company is pleased to announce that Stephen Rogers has been appointed as President and CEO, effective immediately.

Nautilus’ outgoing CEO and President, David Heydon said I have been working closely with Steve Rogers over the last 18 months and we have built a strong relationship, this has enabled us to complete a smooth and effective handover in the last months.

I look forward to continuing to work with Steve in my new capacity as non-executive director, he added.

New Director

Following the AGM the board of directors of the Company resolved to increase the size of the board to seven (7) members and appointed Stephen Rogers as an executive director of the Company.

The Company is required to disclose under the AIM Rules for Companies the following information in relation to the appointment of Stephen Rogers (53) as a director of the Company.