Nova Minerals Ltd — Capital/Financing Update 2019

Jul 2, 2019

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ASX and Media Release

3 July 2019

708 CLEANSING NOTICE & LR3.10.5A NOTICE

Notice Pursuant to Section 708A(5)(e) of the Corporations Act

Nova Minerals Limited (the Company) gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) as follows:

• (a) On 3 July 2019, the Company issued 25,000,000 full ordinary paid shares (Shares) in the Company at an issue price of $0.02 (2 cents).

• (b) The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act.

• (c) As at the date of this notice the Company has complied with:

  • the provisions of Chapter 2M of the Corporations Act, as they apply to the Company; and • Section 674 of the Corporation Act.

• (d) As at the date of this notice there is no 'excluded information' (within the meaning of sections 708A(7) and 708A(8) of the Corporations Act) required to be disclosed under section 708A(6)(e) of the Corporations Act.

Information under ASX Listing Rule 3.10.5A

The Company provides the following information in accordance with ASX Listing Rule 3.10.5A in relation to the shares issued under ASX Listing Rule 7.1A

• (a) Dilution to existing holders of ordinary shares as a result of the issue made under ASX Listing Rule 7.1A:

The percentage of the Company's issued capital represented by the issue under ASX Listing Rule 7.1A is 3.13%. 25,000,000 of the placement shares were issued under 7.1A. The holders of ordinary shares before the issue under ASX Listing Rule 7.1A will hold 96.87% of the issued capital following the issue under of Listing Rule 7.1A.

• (b) The Company conducted the placement rather than a pro-rata issue or other type of issue in which existing security holders would have been eligible to participate as it was considered a more efficient and expedient manner to raise capital given the Company's circumstances.

• (c) There was no underwriting.

• (d) No fees are payable on the Placement.

For and on behalf of Nova Minerals Limited,

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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