Nova Minerals Limited confirmed further significant gold intersections received from diamond drilling within the Korbel Mining Complex at both Cathedral. Cathedral Exploration Results: Maiden resource definition drilling results from the Cathedral Prospect, located approximately 1.5 km South of Korbel Main has identified another broad zone of gold mineralization. Geological observations also indicate that the system is similar in mineralization to Korbel Main, and the mineralization remains open; Highest priority target within the Korbel Mining Complex yet to be drilled - Sampling of high-grade reconnaissance rock chips, define high priority target within the Korbel Mining Complex at the Cathedral Prospect.

Future infill drilling to target closer to the surface where: Values of up to 114 grams per tonne gold were returned from the rock chip samples, as well as five other results grading higher than 10g/t gold: 98.3g/t, 37.1g/t, 24.5g/t, 19.6g/t and 11.05g/t; Sufficient drilling completed at Cathedral to allow a maiden Mineral Resources Estimate (MRE) to be completed, which is now also underway. Significant initial diamond drill results at Cathedral, at a 0.1 g/t cutoff include: CTDD-001: 354m at 03. g/t Au from 104m, including; 11m at 1.1 g/t Au from 123m.

CTDD-003B: 269m at 0.4 g/t Au from 168m, including; 70m at 0.6 g/t Au from 335m; 3m at 2.7 g/t Au from 393m. CTDD-005: 350m at 0.3 g/t Au from 90m, including; 93m at 0.5 g/t Au from 202m. CTDD-010: 360m at 0.3 g/t Au from 55m, including; 3m at 3.1 g/t Au from 202m.

Korbel Main Infill Drilling: Final assays from the resource definition drilling at the Korbel Main Deposit, including the saddle area within the proposed conceptual Korbel Main pit zone, have now also been received and an updated Mineral Resource Estimate and oriented core structural studies are pending. The latest results continue to prove up and increase the size of the bulk tonnage gold mineralization within the Korbel area which includes previous significant drill results of: KBDH-012 429m at 0.6 g/t Au, including 101m at 1.3 g/t Au; KDBH-024 549m at 0.3 g/t Au, including 15m at 2.3 g/t Au and; KBDH-081 277m at 0.5 g/t Au, including 94m at 1.0 g/t Au. While the 2022 infill drilling is expected to convert additional Inferred resources from the 8.1 Moz total gold resource into the higher indicated category, it also continues to provide high quality geological data that is being collated and interpreted to provide greater deposit knowledge.

The nature and geometry of the intrusive units, and interplay with structures, are key to controls on gold mineralization. These geological and interpretative insights are invaluable in developing further targets for the systematic exploration programs within the Korbel area, as well as across the greater Estelle Gold Project.