Nova Minerals Ltd — Capital/Financing Update 2018

Jun 20, 2018

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21 June 2018

Dear Shareholder

NON-RENOUNCEABLE RIGHTS ISSUE OF SHARES NOTICE TO INELIGIBLE SHAREHOLDERS

On 14 June 2018, Nova Minerals Limited ( Company ) announced its intention to issue approximately 46,860,527 fully paid ordinary shares ( New Shares ) and 23,430,263 free attaching New Options via a non renounceable rights issue to eligible shareholders to raise approximately $1,522,967 before costs ( Rights Issue ). The offer will be made to eligible shareholders on a 1 for 16 basis at an issue price of 3.255 cents.

The proceeds of the Rights Issue will be used to accelerate project development across the Company’s Thompson Brothers Lithium Project and district scale Estelle Gold Copper Project and for general working capital and administration purposes.

The Rights Issue is not underwritten.

Who are eligible shareholders?

Shareholders who are eligible to participate are holders of ordinary shares in the Company with a registered address in Australia or New Zealand as at 5.00pm (WST) on 26 June 2018 ( Record Date ).

Ineligibility

Unfortunately, as you do not satisfy the eligibility criteria for an eligible shareholder, you are not eligible to subscribe for new shares and you will not be sent a copy of the offer document.

Further information

You are not required to do anything in response to this letter. This letter is to inform you of the Rights Issue, the details of which are available from an ASX announcement dated 14 June 2018 and the Rights Issue Offer Document which the Company has lodged at ASX and is available at www.asx.com.au.

Yours sincerely

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Adrien Wing

Company Secretary

Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9614 0600 Fax: + 61 3 9614 0550