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Last updated on April 19, 2014 at 13:20 EDT

MB Holding Company LLC (“MB”) Announces Completion of Subscription for Additional Shares of Nautilus Minerals Inc. (“Nautilus”)

September 11, 2012

OMAN, Sept. 11, 2012 /CNW/ – In accordance with regulatory requirements,
MB announces that Mawarid Offshore Mining Ltd. (“Mawarid“), a wholly-owned subsidiary of MB, completed today the second and
final tranche of its subscription for common shares of Nautilus (“Nautilus Shares“) pursuant to the subscription agreement entered into between Mawarid
and Nautilus on July 31, 2012. Pursuant to the subscription agreement,
on September 11, 2012, Mawarid purchased an additional 18,433,811
Nautilus Shares at Cdn.$0.90 per share, resulting in MB and its
affiliates beneficially owning or controlling 39,636,897 shares
representing approximately 16.9% of the outstanding Nautilus Shares (based on 234,097,865 outstanding Nautilus Shares as at the date hereof, as advised by
Nautilus).

The additional Nautilus Shares were acquired for investment purposes
only.  Depending upon the market and other conditions, MB and its
affiliates may acquire additional securities of Nautilus.

SOURCE MB Holding Company LLC


Source: PR Newswire