Nova Minerals Ltd — Director's Dealing 2006

Dec 21, 2006

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Quantum Resources Limited
ABN	84 006 690 348

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mordechai Zev Gutnick
Date of last notice	9 May 2003

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	As trustee for the Morzey Trust
Date of change	21 December 2006
No. of securities held prior to change	Ordinary $-9,672,022$ Options expiring 31 October 2010 - 532
Class	Options expiring 19 October 2011
Number acquired	2,000,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Issue under employee option plan
No. of securities held after change	Ordinary $-9,672,022$ Options expiring $30$ October $2010 - 532$ Options expiring 19 October 2011 2,000,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue under employee option plan

⁺ See chapter 19 for defined terms.

Part 2 - Change of director's interests in contracts

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$+$ See chapter 19 for defined terms.