The directors of Nova Minerals Limited (Nova or Company)...

The directors of Nova Minerals Limited (Nova or Company) (ASX:NVA
FSE:QM3) are pleased to announce encouraging drill results at the Officer
Hill Gold Project in joint venture with Newmont Tanami Pty Ltd (Newmont) (a
wholly owned subsidiary of Newmont Mining Corporation). The Officer Hill
Project within EL23150 covers 206km2 and is located 34km south west of the
Callie deposit which is part of Newmont’s Tanami Gold mine operation. The
exploration program is targeting Callie-style mineralisation within EL23150.
The best assayed results to date are from diamond drillhole OHD0003 with
4m @ 2.49 g/t Au, including 0.5m @ 12.6 g/t Au. A second intersection
below this returned 1m @ 19.69 g/t Au (Table1 and Figure 1).
Mineralisation within OHD0003 is quartz-chlorite-pyrite vein hosted. Veins are
present within variably bedded sandstone and laminated siltstones. Alteration
is dominated by the regional green schist facies metamorphic assemblage.
An aeromagnetic and gravity survey was acquired across the entirety of the
project area and will be used to assist the geological interpretation.