Nova Minerals Ltd — Board/Management Information 2015

Dec 20, 2015

Quantum Resources Limited ABN 84 006 690 348

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Level 1, 61 Spring Street Melbourne, Victoria 3000, Australia T + 61 3 9286 7500 | F + 61 3 9662 1472

Quantum Resources Limited

(ASX: QUR)

ASX and Media Release

21 December 2015

Terms of CEO Services Agreement

The Company is pleased to announce that it has finalised the terms of an executive services agreement with Mr Avi Kimelman ( Agreement ), who was appointed as the Company’s Chief Executive Officer on 3 December 2015.

A summary of the key terms of the Agreement is as follows:

(a) Term and termination

Mr Kimelman’s role as CEO was effective 3 December 2015, and will continue until terminated in accordance with the termination provisions set out below.

Either party may terminate the Agreement at any time with 3 months’ written notice of termination to the other party. In addition, the Company may terminate the Agreement immediately in certain circumstances including the serious misconduct and material breach of the Agreement by the CEO.

(b) Remuneration and expenses

The CEO’s remuneration is fixed at $120,000 per annum (inclusive of any applicable statutory superannuation) and will be apportioned pro-rata for any period which is less than one year.

Mr Kimelman is entitled to claim from the Company reimbursement of reasonable outof-pocket expenses properly incurred in the performance of his duties and responsibilities.

(c) Confidentiality and other obligations

The Agreement contains standard provisions relating to the protection of the Company’s confidential information and intellectual property, which will survive the termination of the Agreement.

-ENDS

For further information, please contact:

Alyn Tai

Director and Company Secretary T: + 61 (0) 3 9286 7502 E: at@ccounsel.com.au