Nova Minerals Ltd — Share Issue/Capital Change 2015

Sep 20, 2015

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name QUANTUM RESOURCES LIMITED Applicable security for the reorganisation QUR ORDINARY FULLY PAID Announcement Type Update to previous announcement Date of this announcement Monday September 21, 2015 Reason for the Update Shareholder approval required for the consolidation has been received on 21 September 2015.

Refer to below for full details of the announcement Announcement Details Part 1 - Entity and announcement details

*1.1 Name of +Entity QUANTUM RESOURCES LIMITED *Registration Number 1.2 Registered Number Type ACN 006690348 *1.3 ASX issuer code QUR *1.4 The announcement is Update/amendment to previous announcement 1.4a Reason for update to a previous announcement Shareholder approval required for the consolidation has been received on 21 September 2015. 1.4b * Date of previous announcement(s) to this update Friday August 21, 2015 *1.5 Date of this announcement Monday September 21, 2015 *1.6 Securities affected by the reorganisation

Notification of Consolidation/Split

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Notification of Consolidation/Split

QUR

ORDINARY FULLY PAID

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Part 2 - Approvals

*2.1 Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

**Approval/Condition Date for determination Is the date estimated Approval +Security holder Monday September or actual? received/condition approval 21, 2015 Actual met? Yes

Comments

Part 3 - Reorganisation timetable and details

*3.1 +Record date

Friday September 25, 2015

3.2 Date of +security holder meeting

Monday September 21, 2015

3.3 Last day for trading in the pre-re-organised +securities

Tuesday September 22, 2015

*3.4 Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date. Wednesday September 23, 2015

3.5 Record date

Friday September 25, 2015

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis Monday September 28, 2015

*3.7 +Issue date. +Deferred settlement market ends. Last day for +entity to send notices to +security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis Friday October 2, 2015

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Notification of Consolidation/Split

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3.8 Trading starts on a normal T+3 basis

Monday October 5, 2015

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+3 basis

Thursday October 8, 2015

Part 4 - Reorganisation type and details

*4.1 The reorganisation is

+Security consolidation

*4.1a Consolidation ratio: the +securities will be consolidated on the basis that every

13

(pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

*4.2 Scrip fraction rounding

Fractions of 0.5 or more rounded up

Part 5 - +Securities on issue before and after reorganisation

*5.1 +Securities on issue before and after the reorganisation

**ASX +Security Code ASX +Security QUR Description ORDINARY FULLY PAID Quoted/unquoted Number on issue Number on issue after Estimate/Actual Quoted before reorganisation reorganisation Estimated 936,908,700 72,069,900

Part 6 - Further information

6.1 Further information relating to the reorganisation

Refer to Quantum Resources Limited's Notice of Extraordinary General Meeting and Explanatory Memorandum dated 21 August 2015.

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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