Nautilus Minerals Inc. announced that Mr. A. Geoffrey Loudon has advised the Board that he is retiring and will not stand for re-election at the upcoming Annual General Meeting on June 1, 2016. As Mr. Loudon is retiring and not standing for re-election, the Board of Directors has, effective immediately, appointed Mr. Russell Debney as interim Chairman in place of Mr. Loudon. Mr. Debney has been a director of the company since it listed in 2006. He was Chairman of Nautilus Minerals Niugini Limited and Nautilus Minerals Oceania Limited prior to their acquisition by the company and, along with Mr. Loudon, has been involved with Nautilus almost since its inception. The Board of Directors intend to embark upon a thorough recruitment process to appoint a new independent Director to the Board following the AGM.