Nova Minerals Corp ("Nova Minerals" or the "Company") has become aware that certain publicly available investment websites have incorrectly reported the Company's market capitalization as approximately US$2.1 billion following the completion of its redomiciliation to the United States, as disclosed in the Company's Current Report on Form 8-K filed on June 16, 2026 (the "Redom 8-K").

The Company advises that these reported market capitalization figures are inaccurate. Following the redomiciliation, the Company's issued and outstanding common stock consisted solely of the shares of common stock issued in exchange for the outstanding ordinary shares of Nova Minerals Limited as of June 16, 2026, in accordance with the 1-for-12 exchange ratio disclosed in the Redom 8-K.

As of June 16, 2026, Nova Minerals Limited had 458,140,036 ordinary shares outstanding. Applying the 1-for-12 exchange ratio described in the Redom 8-K, the Company issued an aggregate of 38,181,050 shares of common stock, including a limited number of additional shares issued as a result of rounding in accordance with the terms of the exchange. Based on the Company's current trading price, its market capitalization is approximately US$166 million.

The Company is not responsible for market capitalization figures published by third-party websites and encourages investors to refer to the Company's filings with the U.S. Securities and Exchange Commission when evaluating the Company's capital structure and other publicly disclosed information.