Exhibit 99.1

Nova
Executes Scheme Implementation Deed for US Redomiciliation
Intention
to establish primary listing on NYSE with continued (secondary) listing on ASX
Update
Regarding US Redomiciliation
Nova
Minerals Limited (Nova or the Company) (ASX: NVA, NASDAQ: NVA, FSE: QM3) is pleased to announce it has entered into a Scheme Implementation
Deed (SID) with Nova Minerals Corp, a newly formed corporation incorporated in the State of Nevada, United States (US Holdco) for the
purpose of effecting the Company’s proposed redomiciliation to the United States.
The
redomiciliation is anticipated to proceed by way of two court approved schemes of arrangement under Part 5.1 of the Corporations Act
2001 (Cth) as previously announced to the market on 4 February 2026. In addition, upon completion of the redomiciliation, US Holdco is
expected to list on the New York Stock Exchange (NYSE). There are no other material changes to the proposed redomiciliation to the US.
The
redomiciliation is not expected to result in any material changes to Nova’s assets, management, operations, or strategy.
Key
Terms of the Scheme Implementation Deed
Under
the SID, US Holdco will acquire all the ordinary shares of Nova and all listed warrants in exchange for shares of common stock (US Holdco
Shares) and listed warrants of US Holdco (US Holdco Warrants). The SID proposes two concurrent but separate schemes of arrangement, being
the Share Scheme and the Warrant Scheme (together, the Schemes).
Pursuant
to the Share Scheme:
| ● | US
Holdco will acquire all of the outstanding ordinary shares of Nova listed on ASX (Nova ASX
Shares) in exchange for shares of common stock represented by Chess Depositary Interests
listed on ASX (US Holdco CDI). Shareholders holding Nova ASX Shares will receive 1 US Holdco
CDI (representing a beneficial interest in 1/12 of a US Holdco Share) for 1 Nova ASX Share; |
| | |
| ● | US
Holdco will acquire all of the outstanding ordinary shares of Nova quoted on the OTC market
in the United States (Nova OTC Shares) in exchange for US Holdco common stock, on the basis
of 1 US Holdco Share for 12 Nova OTC Shares; and |
Main
Operations
Whiskey
Bravo Airstrip
Matanuska-Susitna
Borough, Alaska, USA
1150
S Colony Way Suite 3-440, Palmer, AK 99645 |
Corporate
Suite
5, 242 Hawthorn Road,
Caulfield,
VICTORIA 3161, Australia
Phone
+61 3 9537 1238 |
www.novaminerals.com.au
info@novaminerals.com.au
ACN
006 690 348
NASDAQ:
NVA | ASX: NVA |

| ● | US
Holdco will acquire all of the outstanding ADSs of Nova, (with each ADS representing 12 ordinary
shares of Nova) currently trading on Nasdaq in exchange for US Holdco Shares, on the basis
of 1 ADS for 1 US Holdco Share. |
Pursuant
to the Warrant Scheme, holders of Nova’s Nasdaq-listed warrants (Nova Listed Warrants) will receive new warrants in US HoldCo (US
Holdco Warrants) on substantially the same terms as the Nova Listed Warrants.
Upon
completion of the redomiciliation:
| ● | Nova
will delist from ASX and Nasdaq; |
| | |
| ● | US
Holdco CDIs are expected to trade on ASX; and |
| | |
| ● | The
US Holdco Shares and US Holdco Warrants are expected to trade on the NYSE. |
The
implementation of the Schemes is subject to several customary conditions including the approval by the Nova Shareholders, Nova Listed
Warrant holders, and the Court, as well as other necessary regulatory approvals.
Full
details of the terms and conditions of the Schemes are set out in the SID, a copy of which is attached to this announcement.
Unanimous
Board Recommendation
The
Board has appointed an independent expert to assess whether the Share Scheme is in the best interests of shareholders of Nova (Nova Shareholders)
and whether the Warrant Scheme is in the best interests of warrant holders holding listed warrants of Nova (Nova Listed Warrant holders).
The report prepared by the independent expert will form part of the Scheme Booklet, which will contain detailed information regarding
the Schemes. Nova encourages each Nova Shareholder and Nova Listed Warrant holder to read the Scheme Booklet carefully.
Subject
to the independent expert concluding that the Share Scheme is in the best interests of the Nova Shareholders and the Warrant Scheme is
in the best interests of the Nova Listed Warrant holders, the Board intends to unanimously recommend that the:
| ● | Nova
Shareholders vote in favour of the Share Scheme; and |
| | |
| ● | Nova
Listed Warrant holders vote in favour of the Warrant Scheme. |
Each
director of Nova also intends to vote all Nova Shares they hold in favour of the Share Scheme and all Nova Listed Warrants they hold
in favour of the Warrant Scheme, subject to the same qualification.
Reasons
for Redomiciliation
Due
to the loss of its foreign private issuer (FPI) status from 1 July 2026, the Company is pursuing the proposed redomiciliation to the
United States, to minimise potential resulting conflicts between compliance with the requirements for ASX listing and US domestic issuer
obligations.
Nova Minerals Limited | ASX Announcement | 2 |

The
Board also believes the redomiciliation to the US offers several key benefits, including improved access to lower-cost equity capital
in the larger and more diverse US markets, increased appeal to a broader US investor base, alignment of the corporate structure with
the core of Nova’s business operations in Alaska, and increased opportunities for further potential grants, funding and investment
from the US government.
Please
refer to the Company’s previous ASX announcement on 4 February 2026 for further details regarding the Company’s reasons for
the proposed redomiciliation to the United States.
Indicative
Timetable and Next Steps
Security
holders are not required to take any actions at this time.
A
Scheme Booklet containing, among other things, more detailed information relating to the Schemes, reasons for the directors’ recommendation,
information on the Scheme Meetings and the Independent Expert’s Report is expected to be mailed to Nova Shareholders and Nova Listed
Warrant holders in late April 2026.
The
Company has engaged Ashurst Australia as its Australian legal adviser and Perkins Coie as its US legal adviser.
Update
on the Proposed Acquisition of Remaining 15% Interest in the Estelle Project
While
Nova had intended to potentially acquire the remaining 15% interest in the Estelle Project as part of the redomiciliation process to
secure full ownership, the requirement to obtain an independent valuation report, and the time needed to complete the report, has made
it clear that including this transaction could impact the tight timeline for the U.S. redomicile. Accordingly, the Board has decided
to defer the acquisition until after the U.S. redomiciliation is completed.
This
announcement has been authorised for release by the Board of Nova Minerals Limited.
Contacts
| Christopher
Gerteisen |
Annalise
Batchelor |
Cameron
Gilenko |
| CEO
and Executive Director |
Sodali
& Co |
Sodali
& Co |
| E:
info@novaminerals.com.au |
Investor
Relations & Media |
Investor
Relations & Media |
| |
E:
annalise.batchelor@sodali.com |
E:
cameron.gilenko@sodali.com |
| |
M:
+61 432 312 807 |
M:
+61 466 984 953 |
About
Nova Minerals Limited
Nova
Minerals Limited is advancing one of the world’s largest undeveloped gold deposits into production and securing a U.S. domestic
supply of the critical mineral antimony. The Company is focused on the exploration and development of the Estelle Gold and Critical Minerals
Project, located in Alaska, a tier-one mining jurisdiction.
Nova Minerals Limited | ASX Announcement | 3 |

Estelle
hosts two defined multi-million-ounce gold resources, and more than 20 prospects distributed along a 35-kilometre mineralised trend,
in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented gold endowment and some of the world’s
largest gold mines and discoveries including, Kinross Gold Corporation’s Fort Knox Gold Mine. In parallel, Nova is advancing its
critical minerals strategy, fully funded by a US$43.4 million U.S. Department of War award to develop a domestic antimony supply chain,
targeted for production in late 2026/2027.
Forward
Looking Statements
This
press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements,
other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements
contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,”
“could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,”
“plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,”
“will” “would,” or the negative of these words or other similar expressions, although not all forward-looking
statements contain these words. Forward-looking statements are based on Nova Minerals Limited’s current expectations and are subject
to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based
on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully
in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and
Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Nova Minerals Limited undertakes
no duty to update such information except as required under applicable law.
Not
an Offer of Securities
This
announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. Any securities
described in this announcement have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United
States absent registration or in transactions exempt from registration under the U.S. Securities Act and applicable U.S. state securities
laws.
Nova Minerals Limited | ASX Announcement | 4 |