Nova Minerals Ltd — Capital/Financing Update 2016

Oct 30, 2016

Quantum Resources Limited ABN 84 006 690 348

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Level 17, 500 Collins Street Melbourne, Victoria 3000, Australia T + 61 3 9614 0600 | F + 61 3 9614 0550

Monday, 31 October 2016

Dear Shareholder,

QUANTUM RESOURCES LIMITED – RIGHTS ISSUE

Quantum Resources Limited (ASX:QUR) ( Quantum or the Company ) announced to ASX on 31 October 2016 a non-renounceable pro rata offer to acquire 1 new fully paid ordinary share in Quantum for every 5 shares held as at 4 November 2016 ( Record Date ) at an offer price of $0.016 (1.6 cents) per share, each with 1 free-attaching option ( Rights Issue ) to raise approximately $989,247 (before costs of the Rights Issue).

Each free-attaching option will have an exercise price of $0.0325 (3.25 cents), expiry date of 31 August 2020 and will, upon exercise, entitle the holder to one ordinary fully paid share in the Company.

In accordance ASX Listing Rule 7.7.1(b), Quantum herby advises that it will not be offering new shares under the Rights Issue to you. You will not be receiving a copy of the prospectus and the entitlement and acceptance form and new shares under the Rights Issue will not be offered or made available to you.

Details of the Rights Issue are set out in the prospectus and Appendix 3B that has been lodged with ASX.

If you have any questions in relation to the Rights Issue, please do not hesitate to contact the Company on +61 3 9614 0600.

Yours sincerely,

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Adrien Wing Company Secretary