Nova Minerals Ltd — Capital/Financing Update 2020

May 24, 2020

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25 May 2020

NOVA MINERALS LIMITED ASX: NVA OTC: NVAAF FSE: QM3

Nova Minerals Limited (ASX:NVA OTC: NVAAF FSE:QM3) is a minerals explorer and developer focused on gold and lithium projects in North America.

Board of Directors: Mr Avi Kimelman Executive Chairman

Mr Christopher Gerteisen CEO / Executive Director

Mr Louie Simens Executive Director

Mr Avi Geller Non-Executive Director

• To: Australian Securities Exchange

Cleansing Statement 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) ( Corporations Act ) as follows:

• (a) The Company has issued 172,591 full ordinary paid shares ( Shares ) in the Company at an issue price of $0.0325 (3.25 cents) per Share from the exercise of 172,591 listed options (ASX Code: NVAO).

• (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.

For and on behalf of Nova Minerals Limited

Management:

Mr Dale Schultz

Technical lead / Chief Geologist

Mr Brian Youngs Head of Exploration and Logistics

Company Secretary: Ian Pamensky

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Contact:

Nova Minerals Limited Suite 602, 566 St Kilda Rd Melbourne, VIC, 3004

P: +61 3 9537 1238

W: www.novaminerals.com.au E: info@novaminerals.com.au

Ian Pamensky Company Secretary

This announcement has been authorised for release by the Board.

-Ends-

Further information: Investor Enquiries:

Avi Kimelman Ian Pamensky Chairman/ MD Company Secretary E: info@novaminerals.com.au E: info@novaminerals.com.au P: +61 39537 1238 P: +61 414 864 746

About Nova Minerals

Nova Minerals Limited ( ASX:NVA | OTC:NVAAF | FSE:QM3 ) is a minerals explorer and developer focused on gold and lithium projects in North America.

Nova has a diversified portfolio of projects across the US, Canada, and Australia. Two �f �he �e� ���jec�� i�c��de N��a�� E��e��e G��d P��jec� i� A�a��a, �hich h��d� ���e �f N���h A�e�ica�� �a�ge�� g��d de���i��, a�d �he c���a���� �aj��i�� -owned Snow Lakes Resources, a lithium project in Canada.

Nova aims to provide shareholders with diversification through exposure to base and precious metals and to capitalise on the growing demand for lithium-based energy storage.

To learn more please visit: https://novaminerals.com.au/