Nova Minerals Ltd — Board/Management Information 2020

Dec 6, 2020

ASX ANNOUNCEMENT

ASX: NVA, OTC: NVAAF, FSE: QM3

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7 December 2020

Nova Appoints Highly Experienced International Mining Executive and Engineer Colin Belshaw to the Board

Nova Minerals Limited ( Nova or Company ) ( ASX: NVA, OTC: NVAAF, FSE: QM3 ) is pleased to announce the appointment of highly experienced international mining professional Colin Belshaw as a non-executive Director.

The appointment comes as Nova's Korbel Main prospect makes the transition from exploration to development. Korbel Main forms part of the Company's large-scale Estelle Gold Project in Alaska.

Mr Belshaw will provide valuable advice on development, mining operations and on the strategic extension of the gold resource within the Estelle gold district. His career spans four decades of base metals and gold mining across three continents.

NVA CEO, Mr. Christopher Gerteisen commented:

“We are delighted to have Colin join the board of Nova. Colin’s international mining and project experience is considerable. Having operated in leading roles in large and small mines globally, he is ideally suited to assist our team in this transformation of Nova from explorer to developer, as we fast track the Korbel Main prospect to production. The size and scale of Estelle Gold is a key factor in enabling us to attract a director of Colin’s calibre.”

Colin Belshaw commented:

“I am privileged to have joined the Nova board at this stage of the company’s development as I see remarkable potential in the Estelle Gold Project. My objective will be to assist in bringing the already considerable resource to production in the coming years. The exploration success thus far in a recognised, but under-explored, gold system in a world-class jurisdiction, is testament to the efforts of the current team and I look forward to working with them and my fellow directors as we progress towards unlocking Estelle’s full potential.”

About Colin Belshaw

Board Positions Held:

Non-Executive Director, Highland Gold Mining Ltd (HGM:LSE) Current Operations Director, Navan Mining plc (NVM.L:LSE)

Past Executive Positions Held:

Chief Operating Officer, Banro Corporation, DRC

Vice-President Operations, Banro Corporation (Twangiza Gold Mine & Namoya Project, DRC) General Manager, Avocet Mining plc (Inata Gold Mine, Burkina Faso) Chief Operating Officer, Avnel Gold Mining Ltd (Kalana Gold Mine, Mali) Vice-President Operations, Golden Star Resources (Bogoso, Prestea & Wassa, Ghana) Group Consulting Mining Engineer, North America & Russia, Kinross Gold Corporation

Nova Minerals Ltd is a dynamic Australian Nova Minerals Limited explorer and developer of its expanding ACN: 006 690 348 flagship 3.3Moz Estelle Gold project ASX: NVA situated in Alaska OTC: NVAAF

Office: Contact: Suite 602, 566 St Kilda Road P: +61 3 9537 1238 Melbourne, VIC, 3004 E: info@novaminerals.com.au Australia W : www.novaminerals.com.au

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Managing Director, Omolon Gold Mining Co [Kinross-Owned] , (Kubaka and Birkachan Gold Mines, Magadan Oblast, Russia)

Consulting Mining Engineer, Placer Dome Inc (Turquoise Ridge Gold Mine, USA) Executive Director of Operations, Navan Mining plc (Chelopech Mine, Bulgaria & Almagrera Operations, Spain)

Manager Mining, ZCCM Ltd (Mindola, Central & South Orebody Mines, Zambia) Senior Project Engineer, TVX Hellas AE (Olympias Mine, Greece) Mine Superintendent, South Crofty plc (South Crofty Mine, UK) Mine Manager, Mineraria Silius spA, (Cagliari, Sardinia)

Qualifications & Registrations:

Dip.CSM Mining Engineering (1[st] Class), Camborne School of Mines, Cornwall, UK FIMMM, I.Eng

Mine Manager's Certificate (Ghana) Mine Rescue Certificate, Nkana, Zambia

An Appendix 3X Initial Director’s Interest Notice is also attached.

This announcement has been authorised for release by the Board.

- Ends -

Further information:

Christopher Gerteisen Ian Pamensky CEO and Executive Director Company Secretary E: info@novaminerals.com.au E: info@novaminerals.com.au P: +61 3 9537 1238 P: +61 414 864 746

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Page 2

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001.

Name of entity NOVA MINERALS LIMITED ABN 84 006 690 348

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Colin Belshaw
Date of appointment	07 December 2020

Part 1 - Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

N/A

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Beneficial interest in securities held by	Number & class of Securities N/A

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002