Disposal

27 December 2013

NOVA RESOURCES LIMITED

("Nova" or the "Company")

Disposal of Investment

Nova (AIM: NOVA), the investment company focused on high growth opportunities in the energy, infrastructure, technology, natural resources and manufacturing sectors, primarily in Russia and Asia, today announces that it has agreed to sell its entire investment in Nova Logistics Holdings Limited, which wholly owns Nova Trans LLC, to Cairo Investments Limited for a nominal initial sum, plus deferred consideration which equates to the net profit of Nova Trans LLC during the calendar years 2014 and 2015. There was a full provision against the investment relating to Nova Mongolia Corp Pte Ltd, which wholly owns Nova Logistics Holdings Limited, in the annual accounts of Nova as at 31 December 2012.

Nova Trans LLC is focused on large volume road haulage coal transportation operations in Mongolia. As previously announced, its coal transportation contract with Transgobi LLC expired on 15 April 2013 and, to date, has not been extended.

Nova's Board of Directors has taken the decision to dispose of this investment as they believe that their time, attention and focus would be better served sourcing other investments that present strong potential for long-term, sustainable growth.

Enquiries:

Nova Resources Limited +65 6236 2985

Chan Fook Meng, Chairman and CEO

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

David Hart / Alex Brearley

Blythe Weigh Communications +44 20 7138 3204

Paul Weigh / Halimah Hussain