Ann: Nova Majority owned Snow Lake Resources Prices IPO, page-3

19 November 2021Nova’s Majority owned Snow Lake Resources Prices IPO

Nova Minerals Limited (“Nova” or the “Company”) (ASX: NVA, OTC: NVAAF, FSE: QM3) advises that its 57.52% owned Snow Lake Resources (post IPO raise) has priced its initial public offering (IPO).

The public offering raised US$24,000,000 before costs from the issue of 3,200,000 common shares at an issue price of US$7.50 per share. In addition, the Company has granted the underwriters, ThinkEquity’s a 45-day option to purchase up to an additional 480,000 common shares to cover

over-allotments at the initial public offering price, less the underwriting discount.

Snow Lake's common shares are expected to begin trading on the Nasdaq Capital Market on 19 November 2021 (US Time) under the symbol "LITM." The offering is expected to close on 23

November 2021, subject to satisfaction of customary closing conditions.

Following the completion of the issue of the 3,200,000 common shares, Snow Lake will have ~ 16,210,176 common shares on issue giving Snow Lake a market capitalisation of US$121.6million.

The value of Nova’s investment in Snow Lake is ~US$70.0million (A$95.9million1).