Issue of Equity

15 March 2012

Nova Resources Limited

("Nova" or the "Company")

Issue of Equity

Further to the announcement dated 10 February 2012, the Company has received notice from Mr Mark Elliot converting £10,000 of convertible unsecured loan notes 2015 into 133,333 ordinary shares of par value £0.01 each (the "Shares") which represents 0.13% of the enlarged share capital.

Application will be made to the London Stock Exchange for the Shares to be admitted to trading on AIM and it is expected that admission will be effective and trading will commence at 8:00 am on 21 March 2012 ("Admission").

Total Voting Rights

Following Admission, the Company will have 106,115,287 Ordinary Shares in issue. Since the Company holds no shares in Treasury, the total number of voting rights in the Company is therefore 106,115,287 and this figure may therefore be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.