FOR:  NAUTILUS MINERALS INC.

TSX, AIM SYMBOL:  NUS

March 17, 2009

Nautilus Minerals Inc.: Currency Clarification

TORONTO, ONTARIO--(Marketwire - March 17, 2009) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or
"Nautilus") clarifies that the $231.2 million in cash and cash equivalents held on deposit with major banks as
of 31 December, 2008 is in US dollars (as announced in the Company's 2008 final results on March 16, 2008).

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive
sulphide deposits and is currently developing its first project. The Company's main focus is the Solwara 1
Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. Nautilus
is listed on the TSX and AIM stock exchanges, and has among its largest shareholders two of the world's leading
international resource companies, Teck (6.8%) and Anglo American (11.1%). Metalloinvest, one of the largest and
fastest growing mining and metallurgical holding companies in Russia, beneficially owns 21.0% of its shares
through Gazmetall Holding (Cypress) Limited.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Nautilus Minerals Inc. (Toronto)
Investor Relations
(416) 551-1100
Email: investor@nautilusminerals.com
Website: www.nautilusminerals.com

OR

Nautilus Minerals Inc.
Australian Project Office
+61 (7) 3318 5555

OR

Numis Securities Limited
John Harrison
Nominated Adviser
+ 44(0) 20 7260 1000

OR

Numis Securities Limited
James Black
Corporate Broking
+ 44(0) 20 7260 1000

Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press
release.

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Nautilus Minerals Inc.