Nautilus delivers US$2 Million Financing Notice for June 2017

TORONTO, ONTARIO--(Marketwired - May 23, 2017) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces that, pursuant to its subscription agreement with Mawarid Offshore Mining Ltd. and Metalloinvest Holding (Cyprus) Limited (together, the "Investors") dated August 21, 2016, as amended (the "Subscription Agreement"), the Company has delivered a financing notice dated May 19, 2017 (the "Financing Notice") to the Investors in respect of a private placement of an aggregate of 11,021,052 common shares of the Company at an issue price of C$0.247 per share for aggregate proceeds to the Company of US$2,000,000. The private placement will be allocated equally between the two Investors.