Director Dealing

21 January 2014

NOVA RESOURCES LIMITED

Director Dealing

("Nova" or the "Company")

Nova has been advised that Shine Link Limited (a British Virgin Island incorporated company owned and controlled by Chan Fook Meng, the Chairman and CEO of the Company) has increased its interest in the ordinary shares of 1p each in the capital of the Company ("Ordinary Shares").

On 21 January 2014, Shine Link Limited ("Shine Link") acquired:

a) 112,450,000 existing warrants, which are exercisable into new Ordinary Shares at an exercise price of 1p per warrant until 31 December 2018, which were purchased at a price of 0.01p per warrant; and

b) £18,000 zero % existing unsecured convertible loan notes (the "Notes") issued by the Company, which were purchased for a total consideration of £18,000. Shine Link has the right, but not the obligation, at any time to convert part of, or the whole of, the principal amount outstanding under the Notes into new Ordinary Shares, at a conversion rate of 1p for each Ordinary Share.

The Company also received a notice on 21 January 2014 from Shine Link to convert the entire principal amount outstanding under the Notes, in addition to a notice for the exercise of warrants over 3,500,000 Ordinary Shares. Accordingly, the Company will issue a total of 5,300,000 Ordinary Shares to Shine Link.

Application will be made to the London Stock Exchange for the above 5,300,000 Ordinary 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 27 January 2014.

Having issued and allotted a total of 5,300,000 Ordinary Shares to Shine Link, Chan Fook Meng now has a total indirect beneficial interest in 60,300,000 Ordinary Shares in Nova, representing 31.76% of Nova's total issued ordinary share capital. Following today's acquisition of warrants and exercise of warrants, Chan Fook Meng now has an interest in warrants and options to acquire a further 193,450,000 Ordinary Shares in Nova. If the said warrants and options are exercised, and no other warrants nor options nor other convertible securities are exercised, Mr Chan would then have an interest in a total of 253,750,000 Ordinary Shares in Nova, representing 66.20% of Nova's then enlarged total issued ordinary share capital.

Additionally, Nova announces that it has entered into an agreement with NAS Corporate Services Ltd (the "NAS Agreement") under which it is to pay, for services to be rendered, cash and a total of up to 15,000,000 warrants, of which 5,000,000 warrants each shall vest on or before 15 January 2014, 15 January 2015 and 15 January 2016. The warrants that are to be issued to NAS Corporate Services Ltd will only vest on the said dates if the NAS Agreement is still in force at that point in time. The warrants are exercisable into new Ordinary Shares at an exercise price of 1p per warrant until 31 December 2018. The exercise price of 1p represents a premium to the average closing mid-market price of Nova's Ordinary Shares in the last 30 market sessions.

Following the issue of Ordinary Sharesand warrants as detailed above, the Company's enlarged issued ordinary share capital at the date of this announcement consists of 189,840,287 Ordinary Shares and up to 436,900,000 warrants and options exercisable into Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 189,840,287.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Nova Resources Limited +65 6236 2985

Chan Fook Meng, Chairman and CEO

Daniel Stewart & Co (Nominated Advisor & Broker) +44 20 7776 6550

David Hart / Alex Brearley

Blythe Weigh Communications +44 20 7138 3204

Paul Weigh / Halimah Hussain