Nova Minerals Ltd — Major Shareholding Notification 2004

May 20, 2004

Form 605

Corporations Law Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Johnson's Well Mining N.L.
ACN/ARSN	28 009 174 761
Details of substantial holder(1) 1.
Name	Quantum Resources Limited
ABN/ARSN (if applicable)	84 006 690 348
The holder ceased to be a substantial holder on		21/05/2004
The previous notice was given to the company on		12/03/2004
The previous notice was dated		12/03/2004
.

Changes in relevant interests 2.

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme, since the substantial holder was last required to give a substantial

Date of change	21/05/2004
Person whose relevant interest changed	Ouantum Resources Limited
Nature of change (4)	Decrease due to sale of 8.495.909 shares.
Consideration given in relation to change $(5)$	\$254,877
Class(6) and number of securities affected	Ordinary Shares - 8,495,909 shares
Person's votes affected	Quantum Resources Limited

$3.$ Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

$\boldsymbol{4}$ Addresses

The address of persons named in this form are as follows:

Name	Ouantum Resources Limited
Address	Level 8, 580 St Kilda Road Melbourne Vic 3004

Signature

	print name Peter J Lee	capacity	Secretary
sign here	v Jee	date	21/05/04

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation
  and its related corporations, or the manager and trustee of an equity trust), the names could be included
  in an ann $(1)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Law. $(2)$
• See the definition of "associate" in section 9 of the Corporations Law. $(3)$
• $(4)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant
  interest occurred. If subsection 671B(4) applies, a copy of any document setting out the
  terms of any relevant agreement, and a statemen $(a)$
• any qualification of the power of a person to exercise, control the exercise of, or influence
  the exercise of, the voting powers or disposal of the securities to which the relevant interest
  relates (indicating clearly the $(b)$

See the definition of "relevant agreement" in section 9 of the Corporations Law.

• Details of the consideration must include any and all benefits, money and other, that any person from
  whom a relevant interest was acquired has, or may, become entitled to receive in relation to that
  acquisition. Details m $(5)$ associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• $(6)$ The voting shares of a company constitute one class unless divided into separate classes.
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$