Nova Minerals Ltd — Share Issue/Capital Change 2023

Jul 3, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

NOVA MINERALS LIMITED

Date of this announcement

Tuesday July 04, 2023

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date New class - code Bonus Unquoted Options 92 04/07/2023 to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

NOVA MINERALS LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

84006690348

1.3 ASX issuer code

NVA

1.4 The announcement is

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New announcement

1.5 Date of this announcement

4/7/2023

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

1:2 Bonus Options - Refer Prospectus 21/04/23 - Ex at $1 and Exp 30 June 2025

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed Bonus Unquoted Options
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
4/7/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02656643 - Refer Prospectus
21/04/2023
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 1.00000000 30/6/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
NVA - Ordinary Shares
Any other information the entity wishes to provide about the +securities the subject of this notification
Refer Option Terms in Prospectus - https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=0
2656643
Please provide any further information needed to understand the circumstances in which you are notifying the
issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to
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Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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the market in an Appendix 3B

Refer Appendix 3B re the Bonus Options - https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&i dsId=02656644

Issue details

Number of +securities

92

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The exercise of every two Loyalty Options entitles the holder to one additional option to acquire a further Share having an exercise price of $1.00 each and an expiry date of 30/06/25

Purpose of the issue

Other

Additional Details

Bonus Issue

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
NVA : ORDINARY FULLY PAID	210,889,958
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
NVAAH : OPTION EXPIRING 29-DEC-2023 EX $0.75	1,100,000
NVAAO : OPTION EXPIRING 16-JAN-2026 EX $0.91	1,714,286
NVAAM : PERFORMANCE RIGHTS	2,400,000
NVAAP : OPTION EXPIRING 30-NOV-2025 EX $1.20	8,250,000
NVAAN : OPTION EXPIRING 30-NOV-2024 EX $1.10	13,614,264
NVAAL : OPTION EXPIRING 07-OCT-2023 EX $2.20	1,700,000
NVAAS : OPTION EXPIRING 30-APR-2024 EX $0.70	6,993,611
New class - code to be confirmed : Bonus Unquoted Options	92

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

9

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