Nova Minerals Ltd — Board/Management Information 2020

Jun 17, 2020

ASX ANNOUNCEMENT

ASX: NVA, OTC: NVAAF, FSE: QM3

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18 June 2020

Resignation and Appointment of Chairman

The Directors of Nova Minerals Limited ( Nova or Company ) ( ASX: NVA, OTC: NVAAF, FSE: QM3 ) wish to advise that Executive Chairman, Mr Avi Kimelman has resigned as a Director of the Company for personal reasons, effective close of business on 18 June 2020. Mr Avi Kimelman will remain involved with the Company as a consulting general manager and will work closely with the Board in all aspects of business development. The Company is also pleased to announce the appointment of Mr David Hersham as NonExecutive Chairman, effective from close of business on 18 June 2020.

Mr Hersham was born in the UK and educated at Oxford University. He is an established corporate manager and entrepreneur with a successful history of developing and transforming small-cap companies, particularly in the international real estate and technology sectors. He started his career with diamond miner De Beers and mining remains his original passion.

NVA CEO, Mr. Christopher Gerteisen said: “ The Board would like to thank Mr Avi Kimelman for his valuable contributions during his tenure as Chairman of Nova. We look forward to his continued contribution in his capacity as a consulting general manager as we work towards increasing tonnages outside the current Resource area while we advance on our path to production at the Estelle Gold Camp.

We are pleased to welcome Mr David Hersham to Nova’s Board. As the Company grows, David’s recognised technical skillset and personal qualities will be a strong asset to Nova Minerals. David is a significant shareholder and has supported the company over its transformative period. We are pleased to have David join the Board at this time as we transition to our next phase of growth.

Furthermore, we are continuing our follow up drill program with the second diamond drill rig now in operation on Pad 4, with Holes 1 and 2 (KBDH-001 and KBDH-002) now in the lab and holes 3 and 4 onroute to the lab. We look forward to announcing interpreted assay results in the next week, to be followed by further results as we progress through our current resource drill program.

This announcement has been authorised for release by the Board.

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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

Nova Minerals is a dynamic Australian explorer and developer of its expanding flagship 2.5Moz Estelle Gold project situated in Alaska

Board of Directors:

Board of Directors: Management: Mr David Hersham Non-Executive Mr Dale Schultz Technical lead / Chief Geologist Chairman Mr Brian Youngs Head of Exploration and Logistics Mr Christopher Gerteisen CEO/ Mr Romy Hersham Co-Company Secretary Executive Director Mr Ian Pamensky Co-Company Secretary Mr Louie Simens Executive Director Mr Avi Geller Non-Executive Director

Contact:

Nova Minerals Limited Suite 602, 566 St Kilda Rd Melbourne, VIC, 3004 P: +61 3 9537 1238 E: info@novaminerals.com.au W : www.novaminerals.com.au