Nova Minerals Ltd — AGM Information 2010

Oct 25, 2010

QUANTUM RESOURCES LIMITED ABN 84 006 690 348

NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the Annual General Meeting of Quantum Resources Limited (the “Company”) will be held at Sebel Albert Park, 65 Queens Road, Melbourne, Victoria 3004, Australia, on Thursday 25 November 2010, commencing at 9.30 am for the following purposes:

AGENDA

ORDINARY BUSINESS

1. Financial Statements and Reports

To receive and consider the Financial Statements of the Company and the Reports of the Directors and of the Auditor for the financial year ended 30 June 2010.

2. Remuneration Report

To consider and, if thought fit, to pass the following resolution as an ordinary resolution:

“That the Remuneration Report of the Company (which forms part of the Directors’ Report) for the financial year ended 30 June 2010 be adopted.”

Note: The vote on this resolution is advisory only and does not bind the Directors or the Company.

3. Election of Directors

To consider and, if thought fit, to pass as an ordinary resolutions:

• (a) That Mr Craig Michael who holds office until the close of the meeting in accordance with clause 16.4 of the Company’s Constitution, and, being eligible, be re-elected as a director of the Company.

• (b) That Dr David Tyrwhitt who holds office until the close of the meeting in accordance with clause 17.1 of the Company’s Constitution, and, being eligible, be re-elected as a director of the Company.

SPECIAL BUSINESS

By Order of the Board and dated this 15[th] day of October 2010.

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PETER LEE Company Secretary

2010 ANNUAL REPORT

A copy of the 2010 Annual Report is available on our website at www.qur.com.au

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NOTES TO THE NOTICE OF ANNUAL GENERAL MEETING

1. A Member entitled to attend and vote at the aforementioned meeting is entitled to appoint not more than two other persons as his/her proxy or proxies to attend and vote, in certain circumstances, instead of the Member at the meeting.

2. If a Member appoints one proxy, that proxy may vote on a show of hands.

3. If a Member appoints two proxies neither may vote on a show of hands. However, if you appoint two proxies to represent you at the Meeting, you must show in the space provided either the percentage of your Shareholding or the number of votes (you are entitled to one vote for each Share you own upon a poll being declared) those proxies are to represent. If you do not complete this section then each proxy may, on a poll, vote half of your Shareholding. A separate proxy form must be submitted for each proxy you appoint.

4. A proxy need not be a Member of the Company.

5. If you appoint a proxy to represent you and vote on your behalf at the Meeting and that person is also a Member or has already been appointed as a proxy for another Member, your vote may not be counted on a show of hands. This is because, on a show of hands, your proxy’s vote is only counted once irrespective of the number of Members that that person represents. However, if a poll is taken and your proxy votes, your vote will be counted in full in reaching a decision.

6. The Proxy Form together with the Power of Attorney (if any) or a certified copy of the Power of Attorney (if any) under which it is signed must be lodged at either Level 12, 680 George Street, Sydney, NSW 2000, mailed to Locked Bag A14, Sydney South, NSW 1235 or the Registered Office of the Company or by being sent by fax to (+61) 02 9287 0309, not less than forty-eight (48) hours before the time of the commencement of the meeting.

7. Signing Proxies

8. (i) Joint Holding - All holders must sign.

9. (ii) Shares in Company Names - Companies must execute this form in the way provided by Law.

10. (iii) Individual - Must be signed by the Member or their attorney.

11. For the purpose of the Meeting, Shares will be taken to be held by the persons who are registered holders at 7pm, on 23 November 2010. Accordingly, share transfers registered after that time will be disregarded in determining entitlements to attend and vote at the Meeting.

COMPANY REPRESENTATIVE

If Shares are held in a company name and it is intended that a representative of the company attend the Meeting rather than lodge a proxy prior to the Meeting, the person attending the Meeting must present authority from the company director/s signed in the way provided by law.

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EXPLANATORY MEMORANDUM TO SHAREHOLDERS

This Explanatory Statement provides shareholders of the Company with information in respect of the resolutions to be considered at the Annual General Meeting of the Company to be held at Sebel Albert Park, 65 Queens Road, Melbourne 3004 on 25 November 2010 at 9.30 am Shareholders should carefully review this Explanatory Statement and the associated Notice of General Meeting ( Notice ) to which this Explanatory Statement is attached.

If you have difficulty in properly understanding this documentation, you should consult your financial or legal adviser.

1. RECEIVE AND CONSIDER THE REPORTS FOR THE YEAR ENDED 30 JUNE 2010

This item is intended to provide an opportunity for Shareholders to raise questions on the reports themselves and on the performance of the Company generally.

The Company’s Annual Report 2010 has been made available to Shareholders. There will be an opportunity for Shareholders at the meeting to comment on and ask questions about the Company’s management, operations, financial position, business strategies and prospects.

2. ADOPT THE REMUNERATION REPORT FOR THE YEAR ENDED 30 JUNE 2010

There will be an opportunity for Shareholders at the meeting to comment on and ask questions about the Remuneration Report which is contained in the Company’s Annual Report 2010.

The vote on the proposed resolution in agenda Item 2 is advisory only and will not bind the Directors or the Company, however, the Board will take the outcome of the vote into consideration when reviewing remuneration practices and policies.

The Remuneration Report is set out in the Director’s Report of the Company’s Annual Report 2010. The Report:

• explains the Board’s policies in relation to the nature and level of remuneration paid to Directors and key management personnel within the Company;

• discusses the link between the Board’s policies and the Company’s performance;

• sets out remuneration details for each Director and for each member of the Company’s senior executive management team.

3.

RE-ELECTION OF DIRECTORS

• (a) Article 16.4 of the Company’s Constitution requires that a Director appointed during the year to fill a casual vacancy by the Board of Directors to retire at the conclusion of the next meeting of the Company. Accordingly, Mr Craig Michael retires and being eligible offers himself for re-election.

• (b) Article 17.1 of the Company’s Constitution requires that one-third of the Directors (excluding the Managing Director) must retire by rotation at the conclusion of the annual general meeting of the Company. Accordingly, Dr David Tyrwhitt retires and being eligible offers himself for re-election.

A profile about each of the Directors follows:

Mr Craig Michael

Mr Michael has over 10 years experience as a geology professional in the mining and resources industry. He is currently a Director of Aurum, Inc., ProIndia International, Inc., North Australian Diamonds Limited and Top End Uranium Ltd and Executive General Manager of Legend International Holdings, Inc. His previous work was with Oxiana Ltd, an international mining company with operations in South East Asia and Australia. Mr Michael was based in Laos in senior management positions both as a Mine Geologist and Resource Geologist at the Sepon Copper Gold Project. Prior to his time with Oxiana, he was a Mine Geologist at Sons of Gwalia's Carosue Dam Gold Project in Western Australia where he also conducted his first class honours thesis on their flagship Karari gold deposit. Age 33

Dr David Tyrwhitt

Dr Tyrwhitt has been a Director of the Company since 1999. He has more than 50 years experience in the mining industry. He is currently a Director of Legend International Holdings, Inc., Hawthorn Resources Limited, Golden River Resources Corporation and Northern Capital Resources Corp. He

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worked for over 20 years with Newmont Mining Corporation in Australia, South East Asia and the United States. During this time, he was responsible for the discovery of the Telfer Gold Mine in Western Australia. He was Chief Executive of Newmont Australia Limited between 1984 and 1988 and Chief Executive Officer of Ashton Mining Limited between 1988 and 1991 and a Director of Astro Diamond Mines N.L. from November 1996 to May 2008. He established his own consultancy in 1991 and worked with Normandy Mining Limited on a number of mining projects in South East Asia. Age 72

By Order of the Board and dated this 15[th] day of October 2010

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PETER LEE Company Secretary

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