Nova Minerals Ltd — Major Shareholding Notification 2016

Oct 9, 2016

605 Page 1 of 2 15 July 2001

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Quantum Resources Ltd

ACN/ARSN 006 690 348

1. Details of substantial holder (1)

Name Mr Avi Kimelman

ACN/ARSN (if applicable)

The holder ceased to be a substantial holder on 06 / 10 / 2016 The previous notice was given to the company on 20 / 11 / 2015 The previous notice was dated 20 / 11 / 2015

2. Changes in relevant interests

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 are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
06/10/2016	Mr Avi Kimelman (via practical controlled entity, Kushkush Investments Pty Ltd <Alexandra Discretionary a/c>)	Dilution	N/a	ORD - 6,950,000	6,950,000
06/10/2016	Mr Avi Kimelman (via practical controlled entity, Advent Management Pty Ltd)	Dilution	N/a	ORD - 5,546,154	5,546,154

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

N/a

4. Addresses

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

605 Page 2 of 2 15 July 2001

Name	Address
Mr Avi Kimelman, including practical controlled entities Kushkush and Advent	C/- Level 17, 500 Collins Street, Melbourne, VIC, 3000

Signature

re
print name	Avi Kimelman	capacity		Director
sign here		date	7	/ / 10	2016

DIRECTIONS

• (1) If there are a number of substantial holders w ith 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 annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, w ith the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) 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 statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together w ith a w ritten statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the pow er of a person to exercise, control the exercise of, or influence the exercise of, the voting pow ers or disposal of the securities to w hich the relevant interest relates (indicating clearly the particular securities to w hich the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from w hom a relevant interest w as acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from w hom the relevant interest w as acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.