Nova Minerals Ltd — Share Issue/Capital Change 2023

May 4, 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

Friday May 05, 2023

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
NVAAS	OPTION EXPIRING 30-APR-2024 DEFERRED	6,993,793	05/05/2023

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

5/5/2023

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 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
21-Apr-2023 08:20	New - Proposed issue of securities -	A +bonus issue
	NVA

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

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 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been

notified to ASX in an Appendix 3B

Corporate Action Component Detail

ASX +security code and description

NVAAS : OPTION EXPIRING 30-APR-2024 DEFERRED

Date the +securities the subject of this notification were issued

5/5/2023

Any other information the entity wishes to provide about the +securities the subject of this notification

For a bonus issue of options (Loyalty Options) (each with exercise price of $0.70 (70 cents) and expiry date of 30 April 2024) to Eligible Shareholders on the basis of one (1) Loyalty Option for every thirty (30) Shares held 7.00pm (AEST) on 28 April 2023 (Record Date).

Upon exercise, each Loyalty Option entitles the holder to one fully paid ordinary share in the Company (Share). Every two Shares issued on exercise of Loyalty Options will be accompanied by one free-attaching additional option (Additional Option) (each with an exercise price of $1.00 (1 dollar) and expiry date of 30 June 2025).

Loyalty Options are being issued for no consideration and therefore no funds will be raised under the Offer. Eligible Shareholders do not need to do anything to be issued Loyalty Options.

Issue details

Number of +securities

6,993,793

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Loyalty Options are being issued for no consideration and therefore no funds will be raised under the Offer. Eligible Shareholders do not need to do anything to be issued Loyalty Options.

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 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	210,889,776
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
NVAAR : OPTION EXPIRING 20-MAY-2023 EX $1.35	500,000
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 DEFERRED	6,993,793
NVAAK : OPTION EXPIRING 20-MAY-2023 EX $1.35	1,100,000

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

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

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